Quick update

A lot has been happening lately in our lives that impacts our finances but I haven’t had a lot of time to write about it. Figured a quick bullet point synopsis would be better than nothing at all:

• We decided to use the emergency fund to put towards S’s kiln rebuild. He will have to work on it in phases as we didn’t have enough to purchase all the supplies outright but ultimately we can’t justify taking out a large business loan at this point.

• My parents offered to give us a loan for the credit card balance we were about to refinance. They offered the $4,200 needed at a 4.5% interest rate for a term of 24 months. Gets them a better return than some other short term, stable investment opportunities they were exploring and it gives us a better interest rate than we would have been able to get elsewhere.

• My parents also received some inheritance money from my grandmother’s estate and, graciously, decided to pass on a portion of it to me and my sisters. We were able to pay off the remaining medical debt we owe and minimize the impact that S’ kiln rebuild had on our emergency fund.

• Paying off the medical debt felt great and was even more important due to the fact that our DS L was admitted to the hospital over the holiday weekend with a high fever and seizure. He was cleared and the doctors believe it was a “typical” fever seizure so there shouldn’t be any long-term repercussions to his health. Given that we had already met his deductible for the year with his surgery, I’m hopeful the bills will be minimal and not have a long-term impact on our financial health.