Good news, scary news
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| Tue, 01-25-2005 - 10:46am |
This weekend I took a brief look back at the changes we've made in the past 7 months.
I made a career change within my firm that gave me a compensation increase of about 13% for this year. This has meant another 15+ hours a week of work, work on the weekends and on what was supposed to have been Christmas vacation, and far less time with the family, but it was a decision I needed to make. There was basically a cap on what I could make in my prior role, this one has virtually no cap.
DH agreed to take a management job at the kids' summer camp, which will mean a salary for him this summer in addition to the kids going to camp for free.
Between those two things, he will be able to stop working on the weekends (he's a SAHD the rest of the week), starting in July. Yeaaahhh!!!
We decided not to do our usual summer vacation, which requires a hefty down payment on the summer rental in January, the month we can least afford it, and will instead take a much cheaper vacation at the end of August, after camp is over.
We made the last payment on our car in November, so now we own both our cars.
We started with CCCS on July 1 and have paid off $5000 in principal on our credit cards. Granted, this is only about 10% of what we owe, but we would never have paid off $5000 without being on CCCS.
Now for the scary news. Our landlords have decided to sell the house we've lived in and paid rent on (far, far below market value) for almost 10 years. They may not sell for another year, and they would like to sell it to us, but we aren't ready to buy. We can probably cobble together the down payment from our parents, but it is not what we had hoped to do, and we don't even know if anyone would give us a mortgage. Heck, we don't even know our FICO score. This was not something I planned to do this year. Looks like I am going to have to.
Taking a deep breath, and hoping this will not continue to keep me up at night, as it did last night for about 2 hours. . .
Kelly

Kelly, congratulations on all the positive steps you've taken in such a short amount of time. Perhaps all these positive steps were leading you to be better prepared for this next step.
Hope it all works out for the best.
Julie
Congratulations on how far you have come!
Will the current owners consider owner financing? You may be able to work something out with them.
Windy
Thanks, Julie! I went online for my FICO score and credit reports last night, and it wasn't as bad as I'd feared, though certainly not great. I made a list of the various things I need to find out and do to decide what course of action I need to take, and I remembered - baby steps, baby steps, baby steps! LOL!
Kelly
Thanks. I'm going to talk to the landlords this morning and find out what's behind their decision to sell now, and see what they are hoping to get out of it. That will give me a better idea of how to respond. Hopefully they are not looking to sell it for market value and make the huge profit they could, and are just looking to unload it.
Kelly