I had a great time this past weekend meeting SA friends and spending time with my brother. If you are ever in Napa, be sure to take in the Wine Train - it is quite a fascinating experience.
It's been a drama filled 36 hours or so here in LL. The long and short of it is that I am no longer going to be taking over the car loan for my dad's Rogue. It's going to stay with my grandma who will sell it to recoup as much of the loan cost as possible. I will be keeping my paid for 97 Honda Civic and buckling down hard to save for my replacement car (which is sorely needed.)
I feel a sense of relief in that I'm not taking on a debt, but I also feel sad that we're letting dads car go and that I'm not going to have the majorly updated car (2010 model) with all the nifty features. After sitting for 7 weeks, I'm not sure what shape my car will be in ... but I'll cross that bridge when I come to it.
Starting in August I'm going to go on a cash basis for groceries, entertainment and the etc. stuff. I'm also going to attempt to lower my internet bill (only one provider in the area .. but will see if possible.) I need to start looking into the cost for making a will and living trust for a single person, as well as making sure that every bank account I have has a Payable On Death person listed and ALL my other accounts have a beneficiary listed. Then I will probably send my brother a sealed envelope with a list of accounts and passwords and update them twice a year or so (old copies to be destroyed without opening.)
I need to really save aggressively until September of 2013 or until I have at least $10k in my car fund. I probably will have to replace my timing belt sooner than later if I want to be sure my car lasts another 14 months ... so I need to start pricing that out.
Whenever I see a book I want to get for the library on Amazon that I don't have gift card money for ... I MUST learn to say NO!! If I don't, that will derail my car fund faster than anything else.
Out of Debt
July 19th, 2012 at 06:06 am
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Too bad about the Rogue, but it sounds like it's for the better and you have a solid plan.
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July 20th, 2012 at 05:26 am 1342758400
Snafu - my car is a 97 Honda Civic with around 145k miles. It is in pretty rough shape cosmetically inside and outside. The timing belt is the least of what could potentially break anytime ...