Ok so here is my plan. So I know a lot of you consider a car payment bad debt. I don’t. I consider it an everyday life payment. I realize that between me and my husband we will have one most of the time for the rest of our lives. Sure we can make bigger payments and pay mine off earlier, but then something is probably going to happen to my husbands car, and we will have to buy him one. It’s not like credit card debit where you spend it and later have no idea what you bought with it, it’s something you have to have, and I never feel bad about making that payment. Any way, when you see me going through paying off my debts through here, you wont see me worried about my car, I bought it brand new in may, have low $300 a month payments, I do plan to pay it off early, I just want to buy a house before I worry about that. Oh and incase anyone is wondering, my husbands car is already payed off, so no worries there. So here is my plan below. Tell me what you think!
( I am getting the extra money for this by working over time, I am also being more frugal so I will probably do this faster but I wanted to be able to lay out a plan so this is just with my over time money)
Septic: 2500
Down payment: 5000
Lines: 1000
Permits: 1000
Total:9500
20 hrs over time per paycheck a piece
20 hrs @ 21.60 = 432
20 hrs @ 19.05 = 381
Total 813 - %20 for taxes = 650.04 per pay check(bi weekly)
Credit card pay off
Aug 15:650.40 pay off $500 capital one and $150walmart
Aug 29: 650.40 Pay off $500 k’s capital one save 150.40 for next pay day
Sep 12: 800.80 Pay off $500 Pay Pal Save 300.80
Sep 26: 951.20 Pay off $750 Household bank save 201.20
Oct 10: 851.60 Pay off $ 750 babies r us
Septic
Oct 24: 650.40
Nov 7: 1300.80
Nov 21: 1951.20
Dec 5: 2601.60
Dec 19: 3252.00
Jan 2: 3902.40 septic and permits!!
Starting savings over for house down payment
Jan 16: 650.40
Jan 30: 1300.80
Feb 13: 1951.20
Feb 27: 2601.60
Mar 13: 3252
Mar 27: 3902.40
Apr 10: 4552.80
Apr 24: 5203.20 house!!!
May 8: 5853.60
May 22: 6504 house!!! And lines!!!
Plan
August 4th, 2008 at 05:13 pm
August 4th, 2008 at 06:21 pm 1217874093
Moving around can be okay. We've moved a lot because of my husband's job, and my daughters think it's actually a good thing. Sure, they have to adjust each time. But my oldest daughter who is getting ready to apply to college, said that it was good to move because she got to practice making new friends a lot!
August 4th, 2008 at 06:45 pm 1217875531
August 4th, 2008 at 07:13 pm 1217877232
August 4th, 2008 at 07:41 pm 1217878914
As for the car, I buy used and try to pay them off quickly. Think of it this way, what could you do with an extra 300 a month? With your monthly payment, you are giving up other opportunities such as retirement, college education for your child, bigger house, etc.
Just another way to look at things. Good luck.
August 5th, 2008 at 12:31 am 1217896299
as for the car, that was more of a rant, lol i had soebody give me a huge lecture today about how i never should have bought myself a new car.i have owned several used ones before, and they all screw up on me, i just wanted one that was brand new and guaranteed this time., but i do get what you are saying