Author: Doctor in Denim

Second-Hand Holidays: Why Our Kids Aren’t Getting New Stuff for Christmas

Second-Hand Holidays: Why Our Kids Aren’t Getting New Stuff for Christmas

There’s something about the prospect of getting new stuff that causes kids to go a little nuts around the holiday season. I’ve heard “You know what I want for Christmas…?!” approximately a thousand times since Halloween. And the answer to that question is not a single, simple item. Heavens, no. Long gone are the days when kids sent a hand-written letter to Santa asking for a jump rope. Kids are now making online “Christmas wish lists” on par with wedding registries, and plenty of parents are boldly crowdsourcing holiday shopping money “for the kids!”

We’re kind of over it.

Here are five reasons why my husband and I – despite loving the holiday season and having plenty of money available to spend on our little angles –  have all but nixed Christmas presents in our household:

Read More Read More

Announcement: We’re NOT Selling Everything to Travel the World!

Announcement: We’re NOT Selling Everything to Travel the World!

Whaaaaaat??!!

This might come as a huge shock to those who know us, what with the recent upsurge in nomadic impulses among Millennials – especially those who, like us, have always loved traveling and are drawn to minimalism.

If you were unaware of this trend, just search “nomadic lifestyle” or “millennial nomads” or “digital nomads” or “nomadic families” or anything similar and you’ll be up to speed in no time. People seem to be hitting the road in droves with one-way tickets in hand.

Could we if we wanted to?

Read More Read More

Baby’s First International Trip and Other November Spending

Baby’s First International Trip and Other November Spending

The most exciting (and most expensive) part of November was our week-long escape to the warm waters of the Bahamas and the beautiful Gulf Coast of Florida. The cost breakdown of that trip can be found here.

A quick reminder: these monthly spending reports are an effort to keep myself accountable to the idea that doctors do not have to spend a totally ridiculous amount of money to live well and love life. We’re planning to do these spending reports through the end of 2018.

As I have mentioned before, we do not do traditional budgeting. You absolutely should do traditional budgeting if that works for you as a way to control your spending.  More on this topic here.

Read More Read More

Cheating at Thanksgiving Vacation

Cheating at Thanksgiving Vacation

I’ll admit it right off the bat: we are really lucky to know lots of people who live in cool places and do cool things and frequently invite us along for the ride.

It’s now our firm policy that we say “yes!” to as many invites as possible from our loved ones.

I do realize this gives us a huge advantage over people who feel like they are blazing the travel trail on their own while most of their acquaintances prefer to be parked on the couch watching TV, or who feel unsupported in their desire for adventures by loved ones who don’t have the same hobbies. But if that’s you, please know this:

The more you pursue travel and adventure, the more you will meet other people who do these sorts of things, and the more you will get intriguing invitations sent your way.

Read More Read More

October Spending: a Great Reminder that Cars are Expensive

October Spending: a Great Reminder that Cars are Expensive

So October included a Car vs. Bike Rack showdown. The bike rack won, suffering minimal damage while somehow ripping up our car to the tune of over $2,2oo and over a week in the body shop. We do have decent car insurance, but we are still out the $1k deductible. And after the catastrophe last year with the same car, I’m assuming our insurance rates will go up any time now.

The silver lining of the situation is that we have been functioning just fine as a 1-car family. That was one of our goals in moving to this part of town – not to get rid of a car necessarily, but to be able to if we wanted to. And now we know we can! Huzzah!

Read More Read More

Our Adoption Announcement Letter

Our Adoption Announcement Letter

I wrote this almost four years ago, when we found out that we were likely to be adopting C from foster care. You can see all of my posts about foster care and adoption here

We completed a second adoption from foster care a few months ago  – and November is National Adoption month! – so it seemed like a good time to share this publicly. We didn’t include any photos in that original letter, but I have included some here just for fun.

If you are working on your own adoption announcement, feel free to use any of this that applies to you

Read More Read More

A Desert Wedding, an Epic Race, and Other September Spending

A Desert Wedding, an Epic Race, and Other September Spending

We’ve somehow made to the end of 3rd Quarter, tracking every dollar we’ve spent this year (scroll to the bottom of the post for the total numbers)!

A quick reminder: these spending reports are an effort to keep myself accountable to the idea that doctors do not have to spend a totally ridiculous amount of money to live well and love life. We’re planning to do these spending reports through the end of 2018.

As I have mentioned before, we do not do traditional budgeting. You absolutely should do traditional budgeting if that works for you as a way to control your spending.  More on this topic here.

Read More Read More

The Infamous Operating Agreement, Part 4

The Infamous Operating Agreement, Part 4

Make sure you have read Part 1, Part 2, and Part 3 before you read on.

This fourth and last (and longest!) post about our operating agreement probably contains one of the most critical sections – the details on how we agreed to run the show day to day. You’ll also find our agreements about indemnity (snoozefest, but still important), non-competes and other restrictive covenants, and some miscellaneous agreements that we felt were important. Schedule B and C toward the end were the agreements that each of our spouses signed.

Read More Read More

The Infamous Operating Agreement, Part 3

The Infamous Operating Agreement, Part 3

Before diving into this post, read Part 1 here and Part 2 here.

In this third post about our operating agreement, you’ll see how we handle money (income and losses) as well as our plans for the depressing events of injury, death, or divorce of a partner. We also made plans for what we will do if we want to sell our shares of the business (you’ll see that we designed future sale terms so the junior partner is incentivized not to sell until at least 10 years after their buy-in), add a new partner, or liquidate our company.

Read More Read More

The Infamous Operating Agreement, Part 2

The Infamous Operating Agreement, Part 2

If you haven’t already, read Part 1 here.

This second post about our operating agreement covers how we assigned rights and duties of our “manager” (which we decided would be one of us) as well as rights and duties of all business partners. Per our agreement, none of us – including the manager – can make any big decisions or changes to the business without the agreement of the other members/partners in the business. We designed it that way on purpose.

Read More Read More