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Bought a minivan and 2017!

December 31st, 2017 at 10:03 am

We bought a 2015 Toyota Sienna AWD Limited minivan. I love, love, love it. I can't say how nice it is to have the space and ease of a bigger car. The car was $28k plus taxes and fees and we borrowed $24k for 4 years at 2.24%.

We are giving my mom the 2010 Subaru Outback. I do feel guilty about getting rid of a car so new, but the minivan I think will be good for 7 years. The plan is to evaluate it when it is 10 years and decide what we need at that time. My mom is getting rid of a 21 year old 1996 Toyota Avalon. And she could buy a new car but refuses so my used car is perfect. Sigh. Trust me I was trying to get her to buy a new car.

2017 wrap up. Our retirement accounts were ridiculous. We started at $626k and contributed $29k. We ended up with $790k today and approximate 21% return for the year.

We started the year with $435k taxable accounts and ended the year with $294k and $250k home equity we put down. Up $109k for the year. Guessing not as much saved as we should have but we did pay a lot of expenses this year.

Overall our NW went up $263k. Our kids have $22k and $14k in college. Plans to discuss this month pay off the car, how much for driveway/drain repairs this summer, roth IRA $11k, $20k taxes, and how much we plan on front loading the kids college.

I think we should earmark $10k per kid this year and see how the year goes. Then with the continual $2k/year per kid we could do another $10k in Jan 2019. I think this should cover 4 years of college?

5 Responses to “Bought a minivan and 2017!”

  1. frugaltexan75 Says:

    Great progress!

  2. LuckyRobin Says:

    I told you the Sienna was a fantastic vehicle. We have been happy with ours since we bought it in 2011. We have less than 40,000 miles on it and plan to keep it until it falls apart. The space and the comfort have been incredible. Ours is a limited as well and totally worth all the bells and whistles. Congrats on the retirement increase. That is a big jump.

  3. rob62521 Says:

    I always enjoyed owning a minivan. I like sitting up higher and the extra room. Hope you have lots of joy driving yours.

    You've made great progress financially. Bravo!

  4. LivingAlmostLarge Says:

    Lucky robin it really is a great vehicle. I am now officially hooked on leather and space

  5. Tabs Says:

    OOoh so nice!

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