Comments on: Planning http://somispeaks.com/2010/03/10/planning/ ... the dog days of happily ever after Tue, 07 Feb 2012 23:46:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: martymankins http://somispeaks.com/2010/03/10/planning/comment-page-1/#comment-15904 martymankins Sun, 14 Mar 2010 21:54:43 +0000 http://somispeaks.com/?p=2800#comment-15904 Last year, my wife and I took out a home improvement loan, using the house (which is in her name, not mine) as collateral. The interest rate was pretty low and it allowed us to restructure some debt, a good amount of it related to improvements we made to the house in late 2008 and early 2009. The only thing we can't use the money for is to purchase a car. Speaking of which, my wife tried to get out of her truck lease - $438 a month for 6 years (she's into it almost 3 years now), but the numbers didn't work. It was only going to save her $15 a month. While that would add up over time, we took into consideration the value of her truck (a 2007 Nissan Frontier 4-door) and it still was not worth the headache and up front money we had to provide. Last year, my wife and I took out a home improvement loan, using the house (which is in her name, not mine) as collateral. The interest rate was pretty low and it allowed us to restructure some debt, a good amount of it related to improvements we made to the house in late 2008 and early 2009. The only thing we can’t use the money for is to purchase a car.

Speaking of which, my wife tried to get out of her truck lease -- $438 a month for 6 years (she’s into it almost 3 years now), but the numbers didn’t work. It was only going to save her $15 a month. While that would add up over time, we took into consideration the value of her truck (a 2007 Nissan Frontier 4-door) and it still was not worth the headache and up front money we had to provide.

]]> By: Busty Satan http://somispeaks.com/2010/03/10/planning/comment-page-1/#comment-15826 Busty Satan Fri, 12 Mar 2010 18:38:21 +0000 http://somispeaks.com/?p=2800#comment-15826 I think I'm going to start tracking my expenses in categories and cutting myself off when I get too close to a self-imposed limit in that category. I haven't purchased a clothing item since early January and have tried to curb the eating out, but I still feel like I'm barely making ends meet. I think I’m going to start tracking my expenses in categories and cutting myself off when I get too close to a self-imposed limit in that category. I haven’t purchased a clothing item since early January and have tried to curb the eating out, but I still feel like I’m barely making ends meet.

]]> By: Lucy http://somispeaks.com/2010/03/10/planning/comment-page-1/#comment-15786 Lucy Thu, 11 Mar 2010 05:19:23 +0000 http://somispeaks.com/?p=2800#comment-15786 We met with our financial planner today. We've been working with one for a few years now but things had been progressing pretty slowly. (Our fault, not theirs.) But having a baby sure kicked our butts into gear! Suddenly we're thinking college and making sure there is money if (God forbid) something happens to us, etc. This adult stuff is HARD! :) We met with our financial planner today. We’ve been working with one for a few years now but things had been progressing pretty slowly. (Our fault, not theirs.) But having a baby sure kicked our butts into gear! Suddenly we’re thinking college and making sure there is money if (God forbid) something happens to us, etc.

This adult stuff is HARD! :)

]]> By: Lisa from Lisa's Yarns http://somispeaks.com/2010/03/10/planning/comment-page-1/#comment-15785 Lisa from Lisa's Yarns Thu, 11 Mar 2010 02:50:54 +0000 http://somispeaks.com/?p=2800#comment-15785 I would benefit from talking to a financial planner. In general, my finances are in good shape but I need to come up with a better plan to pay down my student loan payments. The payments are steep and while there is a tax benefit, that is limited so I could certainly benefit from paying them off more quickly. It's good to be reminded/inspired to get our finances in order. It's really easy to push it off & say I'll do it next month! I would benefit from talking to a financial planner. In general, my finances are in good shape but I need to come up with a better plan to pay down my student loan payments. The payments are steep and while there is a tax benefit, that is limited so I could certainly benefit from paying them off more quickly.

It’s good to be reminded/inspired to get our finances in order. It’s really easy to push it off & say I’ll do it next month!

]]> By: Sparkling Red http://somispeaks.com/2010/03/10/planning/comment-page-1/#comment-15784 Sparkling Red Thu, 11 Mar 2010 02:47:51 +0000 http://somispeaks.com/?p=2800#comment-15784 According to my step-dad, the well-seasoned businessman, the financial world is still very unstable. So right now I'm saving, but I'm not investing it anywhere. In 2 or 3 years I'll re-visit my finances and see what I can do with my savings. I guess effectively my step-dad is my financial planner. He learned everything the hard way and now he's very successful, so there's no one I trust more than him. According to my step-dad, the well-seasoned businessman, the financial world is still very unstable. So right now I’m saving, but I’m not investing it anywhere. In 2 or 3 years I’ll re-visit my finances and see what I can do with my savings. I guess effectively my step-dad is my financial planner. He learned everything the hard way and now he’s very successful, so there’s no one I trust more than him.

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