Friday, May 22, 2015

Money Oh's!, Money Woes!

Okay, so I'm not complaining about anything here. That's first off. But I am going to think out loud for a minute and for some reason, I think that might be of interest to some of you. Of course, I might be completely nuts and all of you break your computers once I start....please don't do that, just skip this blog piece.
    Why skip? Because this is about my personal finances, which no one might think is of any interest. I got it.
     Here's the deal. I now owe $2200 on my mortgage. It wasn't large to begin with, about $72,000, but now it's within reach to close it next month. After that, I'll be responsible for about $4000 a year in home insurance and local home taxes. Very doable.
     But I owe about $14,000 on 3 credit cards. Not a ton, but more than I would like. Some of it was picked up in small quantities--getting groceries when I had no cash, for instance--but most of it was picked up with some medical stuff, a couple of trips to Peru with guests where I lost a couple/few grand and had to cover it with credit cards. So no big deal, but finishing the house won't finish the debt.
     Then I owe Madeleina $2200 that I've borrowed since I began--and she as well--getting social security a couple of years ago. Again, no big deal, but I got to get it taken care of.
     Then I owe my son Italo $2000 for the Lincoln sports car that he owned, got wrecked, fixed and wanted to sell. I had to buy it because he was proud of the work he'd done in getting it all fixed. Still, there is a $2 grand note that needs to be paid.
     Then there is about $10,000 worth of work that needs to be done here at the house: New front fence, 200' long; new roof, new living room flooring; $1,000 to get my little green truck with 300,000 miles to pass inspection and give me another 5 years, and a host of small stuff that everybody who owns a home has to take care of routinely.
     So while I'm very glad that I might be out from under the mortgage--which has been getting a $600 additional monthly payment for a few years, which is why I'll be finished in 13 years and not 30--I will still need $18,000 to clear all debt, then another $10,000 to fix the house/grounds.  
     So I need to come up with about $30 grand.
     Guess I better start working harder/faster.
     That's all. Wasn't so bad, was it? Just listening to a dreamer...
Peter G

No comments: