Wednesday, August 22, 2012
Taking down 2 debts before New Year's
Thanks for all of your responses to what to do with my secret stash. As some of you suggested, I will use the $2000 to pay off the car loan, when November comes. I'd love to do it in October, but I'd be short by $250. I could ask my dad or brother for it, since it is their car, but I wont even go that route. Not worth the aggravation. After that, instead of working on rebuilding the $2000, I'll be paying off CC1 by Jan 2013 as per Mysti's suggestion. I'll be so happy to just see it gone! THEN I will rebuild the $2000 and hide it somewhere. Of course, while all of this is going, I'll be putting my EF back together, and it should be done by March 2013 if no emergencies do come up. (Ha-ha-ha)
In case none of that made a lot of sense, the important thing is that two of the debts will be gone 6 and 4 months earlier than they were supposed to! I am so excited for it, as I can feel like I'm finally making some headway. Slowly. The rest of the debts are still on schedule to be paid as agreed.
I think I've looked at mortgages and everything that comes with it (front-end ratio! Back-end ratio! Mortgage points! PMI!) for enough time. So instead, I'll be looking at the prospects of buying a car within the next 2 years. I hate car payments, so I hope I don't end up buying new. Whatever car I pick will be driven to the ground quite literally, so it may be worth it to go new, especially since new cars right now cost about the same as used. I just something new to me, because as I've mentioned before, I really, really dislike my 'loaner' car. And I'll need a reliable vehicle once I move. So if cars are also on your mind as well, check out some of Michele's posts here and here in regards to their new Jeep, or Sluggy's post on her son's car. I do like Hyundai cars a lot!
Posted by Tania at 1:30 PM