The Dream and The Plan

Throughout this blog I’ll be referring to The Dream and The Plan.

The Dream: 3 to 5 acres, under 30 minutes drive to a particular smallish town we have in mind (population ~ 35,000). A small house (< 2500 sq ft), preferably one-level, ranch style. A pasture for horses or perhaps other grazing animals. A barn with resident cats. A dog, or maybe two. A vegetable garden. Husband works at a job he enjoys, no more than 40 hours per week, and retires by age 55.

The Plan: get our finances in order. Save an amount equal to approximately 1/3 of Husband’s gross annual income by December 31 of this year. Achieve this by cutting down on all unnecessary expenses: reduce our “miscellaneous” budget by two-thirds, reduce our grocery budget by one-third. At the end of the year use the savings to pay off all remaining debts; the rest is for a downpayment on real estate.

At this point, it will be the middle of winter and it’s unlikely we’ll move then. Realistically we’ll move in early spring of 2009. Ideally, we’ll buy a piece of land and build a house. But those decisions will have to wait until we’ve achieved our financial goals, then we’ll see what the real estate market is like.

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13 responses to this post.

  1. […] We planned this trip with another family quite some time ago and by the time we established The Dream and The Plan it was too late to back out of the […]

    Reply

  2. […] because this is the Experiment Year in preparation for next year when, if all goes according to Plan, I’ll be putting in a proper SFG on our new acreage […]

    Reply

  3. […] since The Dream and The Plan came into my life I’m looking at money in a whole new way. Debt is a yoke around our necks. […]

    Reply

  4. […] Posted by ruralaspirations under the dream   At the start of this year I described our family’s dream to leave the big city and move to small acreage outside a smallish town. To make that dream a […]

    Reply

  5. […] relevent books on sustainable living, simple living, and related topics since we came up with The Dream and The Plan. You might wonder how a full-time mum to two young homeschooled kids and part-time businesswoman […]

    Reply

  6. […] trailer. But we’re not going to do that. Why? We want land. We want our dream acreage and we have a plan. Buying a trailer, even an older one, would take several thousand dollars away from our farm fund […]

    Reply

  7. […] I explained that I had come to Simple Living via frugality when Husband and I formulated The Dream and The Plan. She commented that many of her interviewees came to it through a desire to tread more lightly on […]

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  8. Hey I have that dream too. And plan. And now we’re going ahead with it – bought last month!

    Not 3-5 acres: around here that’s not affordable for us. No barn either. But we got 0.7 acres and as I stand on the property looking around it seems like a LOT.

    We also won’t keep farm animals (town regulations). Pity, I would have liked chickens. It was the best we could do and we’re going to make the best of it!

    Good luck!

    Reply

  9. […] with crowds and congestion. I’ll be posting next with an update on how we’re doing with The Plan.  […]

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  10. […] months ago when Husband and I came up with The Dream and The Plan we knew we had to get serious with our budget. We wanted to maximize the amount of money we put […]

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  11. […] when we started The Dream and The Plan the grocery budget was the first thing we slashed. And even though I have now come to appreciate […]

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  12. […] Debt website. I enjoyed perusing the site; it reminded me of 3 years ago when Husband and I decided we were going to move to the country and instituted a strict budget and debt-elimination plan. In two years we had paid off a […]

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  13. […] back at the beginning of this blog I described The Dream. Yesterday one of my favourite bloggers, Jenna of Cold Antler Farm, (who is well on her way to […]

    Reply

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