Earlier this year, we made an offer on a small farm and put our home on the market. The seller wasn’t willing to negotiate one bit, our home didn’t sell and we realized it just wasn’t the right timing. At the beginning of May, we decided to take the ‘for sale’ sign down again.
So, why are we staying?
We like our home. It’s in a great location about 15 minutes from my husband’s work, our church and town. We have great neighbors, we love our shaded front yard, fenced in back yard and garden plot. And, while our home is small, it’s just right for our family.
Living in our small home comes with benefits like a very affordable mortgage and there’s less to clean!
A week after we took the sign down, our church had Joe Sangl of I Was Broke, Now I’m Not teach on personal finances. We attended his financial coaching leadership seminar and church wide financial learning experience. His teachings gave us renewed excitement about our finances!
At the end of the weekend, we set several goals for our personal finances. The big goal we set is to have our mortgage paid off in 5 years (and we’re really hoping to knock it out before then!)
We are willing to sacrifice our dream of owning a small farm temporarily so we can put ourselves in a better financial position to purchase a small farm in few years. By waiting until we are in a better financial position to purchase a farm, we will eliminate a lot of financial stress that comes with having a large mortgage.
We’re staying in our small home because it makes the most sense for our family financially.
Now that we’re focused on this goal, I’ll probably be sharing a bit more about our personal finances and how we’re making steps towards this goal. I’ll also be writing even more about living minimally in a small space since we’re fully embracing the home we’re in.