Tuesday, May 7, 2013

"Why'd you have to go and make things so complicated?"

Ok so I started thinking about how sometimes life is just complicated.  And then complicated brought on Avril Lavigne's song "Complicated" lol  I have music ADD for sure.  We have a rather odd housing situation and it's very annoying to me sometimes.  We decided last April that we were going to rent our house out and then move in with my in-laws in hopes of paying off some debt.  We didn't get our house rented until about mid-July even though we had already moved out.  Anyway.  We paid off some debt but then decided that we didn't want to move back into the house.  So after almost a year of living with my in-laws, we moved into an apartment that was in between mine and Darren's work places.  Sometimes, I'm completely ok with it because it is actually a nice place to live and very convenient to a lot of things plus we have a pool :).  But then other times, I wish we hadn't of made things so darn complicated.  Instead of renting it, we should have refinanced to get a lower mortgage until we could pay it down and sell it.  The problem is that we are upside down in our mortgage...aka, we owe more than we could probably get out of it.  So we felt that was our only option.  Our renters have been ok....except for missing a couple payments which they are supposedly going to be adding to their regular payment to make up for what they missed.  I have no idea if they are going to stay in there once their contract is up (mid-July) so at that point, we will have to make a rather big decision.  We can decide to find new renters and just rent it out again, or we can move back in and refinance, or we can put it on the market and see if we get any bites close to what we need to close on it.  My ideal would be to sell it but I don't want to take a huge loss on it and have to come up with money out of pocket either.  So what in the world are we to do?  It's all very confusing and....complicated.  I also think about the fact that we want to have a lil' baby in the near future (when I say near....I mean like a year) so are we going to handle a baby in a one bedroom apartment?  How long before the walls start closing in?  Could we even get another mortgage at a decent rate if we were to find a house we could afford that we want to live in for a very long time?  So many what ifs hang over my head.  I can't help but to think about it because that's just what my mind does.  I crunch numbers ALL the time..... definitely my father's daughter.  But I know from lots of experience that things don't always work out in real life like they do in paper.  Darren would rather be hands off on all this kind of stuff so when I start rambling on about "we could do this....or we could do that", he seems like his head may explode at any time.  So I try not to ramble to him...like I'm doing right now but this is different :) it's my own lil' bubble.  Basically, we have a lot of debt (car, student loans, credit card, irs) that we are trying desperately to get rid of.  You add in my surgery on top of that debt and you just get a whole lot more....debt.  Sometimes I feel like we just can't get ahead.  One step forward and two steps back.  My goal would be to have most of our debt (other than those pesky student loans) paid off in 2.5 years.  But then 2.5 years is a long time in the grand scheme of things really....especially when we want to have children asap.  Not getting any younger here!  I'd love very much to be able to stay at home with my children and if I have all of this debt, that's just not going to be an option. I would hate to think I was just going to work every morning to pay for daycare and to pay off debt.  What is the fun in that?  I want to actually be able to do stuff with our kids....not send them off so someone else can have the pleasure of rocking them to sleep :(

Ok. if you stuck around for that, I have to say......sorry  lol  My train of thought jumps tracks so often I'm surprised they haven't derailed or crashed.

3 comments:

  1. Ugh, that DOES sound complicated. My husband and I just took Dave Ramsey's Financial Peace University through our church, it was a great class. My husband is more the financial person and it was good for us to go TOGETHER so that we (ie. "I") can be more active in financial decisions. Maybe you could look into one near you?

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    1. I have actually taken Dave Ramsey's class at my church so I know all about the debt snowball stuff. We had already moved out and rented our house out when I took it so I knew I was not exactly doing it Dave's way but I now try to incorporate a good amount of his philosophy into our finances. My husband didn't take the class with me due to his work schedule but he did listen to all the cd's. We put any extra that we can toward debt and I still do the budget sheet every pay period. It's very helpful.

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  2. Yuck. Money problems make life difficult. I always make chart, lists and spreadsheet. Sometimes seeing the math can help. Got my fingers crossed you get something good out of the changes! :)

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