Sunday, April 15, 2012
The Small Life - Trailer Edition
We have decided to suck it up and pay off the entire loan for the trailer this month. We took out the loan three years ago and the best rate for an RV was 8.5% for a ten year term. That's absurd to be paying these days. Since I finished my car loan and our monthly expenses are smaller in the new house, we should be able to build our savings back up within a couple of years.
We plan to own this unit for a good ten years if possible. The goal is to not buy another until we are ready to retire and we want to pay for the next one with cash. Camp is our one big splurge but it is our only real extravagance. It would be better if gas prices were lower... But we get a lake-front get-away without the hassle, responsibility and hefty price-tag of an actual cottage. Living in a trailer part time was one of the things that helped us decide to move to a smaller house. The trailer has been good for us. It's been a small way to get something big!