Only thirty days into 2007 and already I can cross one of my New Year's resolutions off the list.
Luke and I, we'll not be paying off the car.
All this time I've been focused on eliminating the three-hundred-and-thirty-dollar monthly Cobalt payment from our vast array of bills, convinced that doing so would put us in a better position to buy a house. Financial advisors often encourage buyers to whittle down their consumer debt before applying for a mortgage, and if we could just "make do" in our one-bedroom apartment until next summer, the two of us could not only own our car outright, we'd also accumulate about ten percent for a down payment on a modest starter home. If we extended our lease to September 2008, maybe fifteen. As far as the whole baby thing (BAAAYBEEES), well, if the good Lord blessed us with one before we dug our heels into the confusing world of real estate, we vowed to make it work until our lease was up because it'd only be for a few months and Leigh wouldn't notice how cramped we were until she was ready to walk, but we wouldn't be in the apartment long enough for her to start walking because Hello! Our plan was to be in a house by then. So no worries.
(This "new" plan has, in reality, been in place since we got married, and yet I'm still inspired to rehash it once every three weeks or so, punching various numbers into my calculator and pestering Luke for his thoughts on what we can do save more more money, stressing how important it will be for us to choose a home that can be maintained on his income because that's what will enable me to stay at home with Leigh (or Lucy. Or Jillian. Or Nathan, because legend has it some women give birth to boys). And because Luke is used to my love for Rehashing Important Issues We've Already Covered In Excruciating Detail, he slips into his Devil's Advocate gear and reminds me of our salary differences and how difficult it might be to make ends meet with me out of the work force, all the while supporting our common goal to care for a child without forking over wads of dough to a daycare facility. Apparently we save all our fancy dance moves for the choreography of thought-provoking conversation.)
In order to get ready for the upcoming buying frenzy, we find ourselves drawn to the bookstore every few days, perusing the shelves for advice on how to select a home and how to pay for it without defaulting on my student loans. And every few days, we walk away empty-handed because I remember we still have my sister-in-law's copy of Home Buying for Dummies and Suze Orman's Money Book for the Young, Fabulous & Broke, both of which have a wealth of practical information, and also because spending money on financial-planning books may not be the most sound financial plan. Anyway, while reflecting on some of Suze's gems, I recalled a scenario she described in which a young woman had several thousand dollars worth of credit card debt at an interest rate of twelve percent and a savings account that yielded an annual return of point-three percent at best. Why, Suze asked, why oh why was this girl socking away money at such a low rate when she could be using it to pay off the high-interest cards? "Use your head, girlfriend!" she said, wagging a literal finger as demonstrated by her flagrant use of exclamatory sentences.
And that's when it hit me: I was that young woman.
I don't know if I've ever shared this with you people before, but I have very good credit. When I bought the Cobalt in 2005, I scored a two-percent interest rate. Two percent! Over the life of my loan, I'll have shelled out fewer than four hundred dollars in interest to GMAC. Another tidbit you may not be aware of: the interest rate on mortgages? They are not two percent at all. In fact, they are the opposite of two percent, which is Frema-speak for triple. What the hell am I thinking, rushing to pay off a car three years early in order to save a few hundred smackers when we could be funneling that money towards a house, the cost of which will most likely pay for a bachelor's degree at a private college? Also, where did I get the lame-brained idea that we'd have any money to save once a baby enters the picture, especially since we plan to live on one income? My thought process was so faulty you'd swear I spent my free time drinking gasoline and then inhaling the fumes leaking from my ass.
Our new, "foulproof" plan: use our savings to get into a house sometime this year. Our lease ends in June, but if we need to, we can extend it for another three or even six months to make sure we're really ready. Once we're in the house, we can start saving to pay off the car. This plan allows us to properly situate ourselves as homeowners before the introduction of any offspring (BAAAYBEEES) into our family, which we both like. Not that there's anything wrong with apartment living. We love our little unit and have everything we need, but we'd have to make some major changes to accommodate the cohabitation of another person, even if that person's activity level will be limited to producing smelly bowel movements and sucking on my boob (God willing).
Now that we've got the financial logistics straightend out, we can devote our time and energy into my new favorite topic: Who Gets To Stay Home With The BAAAYBEEES?
It's no secret to the Internet that I want to stay home with my children, at least until they're in school. And even then, the idea of being That Mom, the mom who bakes cupcakes for snack time and volunteers for field trips and has dinner sitting on the table at five-thirty every night, stamps a smile on my heart, so I guess I just want to stay home. I have career aspirations, too, but I'm more than willing to put them on hold while Luke and I are in the early stages of building our family.
However, it's also no secret that by some divine twist of fate, I currently make more money than Luke, so much so that if our roles were reversed--that is, if I had Luke's job and he had mine--the question of whether or not we could afford to keep me at home wouldn't be an issue. We'd do without cable for another few years, and our dinners out would be reduced to an occasional extra-crispy chicken bucket from KFC, but it'd be managable.
In previous discussions regarding our previous plan, I would sometimes casually suggest that Luke consider being the at-home parent, and we'd both laugh, and he'd reply that he wasn't sure how he'd feel about taking a break from the traditional nine-to-five work force, and I'd breathe a sigh of relief because that meant it was OK to resign ourselves to a life of (temporary) poverty. If Luke didn't want to be a stay-at-home dad, I would never make him. But I still didn't want to pay for daycare.
That was all before this past Sunday, when Luke and I were out for breakfast and we let our collective gaze wander over to the table across from us, where a blond-haired, blue-eyed little boy who couldn't have been more than eight months old was blowing raspberries with Gerber's latest fruit-and-meat concoction, and Luke said, "Maybe I could be a stay-at-home dad after all. It would make better financial sense."
At that point, my head started to shake and my eyes bulged out of their sockets, but not before they reduced Luke to a pile of ashes with the deadliest, most evil If Looks Could Kill staredown in the history of the universe.
After I stopped banging my head into the restaurant's coat rack in an effort to permanently erase his comment from my memory, I let myself process the information so we could give the matter some serious thought. When I think about having to redefine the image I've made for myself as a mother, I want to grab Luke by the collar and plead with him to work two jobs so I can bring that picture to life. But when I think about what's truly important to me--the ability to enable our children's parents to serve as their primary caregivers--and I realize that THAT dream can still come true, I start breathing again well enough to remember this family is not all about me. And Luke is going to be such a wonderful father. Our children would be truly blessed to be able to spend so much time with him.
Right now, it's too soon to make any definite decisions. Individually we'll keep doing our thing, career-wise, and revisit the issue once we have a baby to stay home with and I get a chance to see how I hold up after a three-month maternity leave.
Yesterday in a Google chat with Molly, I joked that I've gone from being a Catholic singleton with SAHM potential to a Protestant working mom. It's a good thing Luke can cook or this whole "challenging myself to be a more open-minded person" thing would be such a waste of time.











