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Thread: OMG! 12 Step Plan Needed!

  1. #1
    Join Date
    Nov 2008
    Location
    Vermont (it's a state)
    Posts
    232

    Default OMG! 12 Step Plan Needed!

    OMG! OMG! OMG!

    I'm trying to get a grip here..... okay, so through some crazy bit of bookkeeping, I just found out I don't need to make a house payment until December! (Yes the bank confirmed.)

    And what pops into my travel-sopranino sized head??!?!
    Buying a coffee table (been here 6 yrs & still don't have one)??
    Getting the dogs teeth cleaned (their breath could knock you over) ??
    Finishing the upstairs (or any number of projects around the house)?
    Saving $$$ to buy a replacement for my 12 yr old car with a QUARTER MILLION MILES on it?!?!

    No, no, no, no.... none of these worthy projects even crosses my mind. Instead, I think of buying a KoAloha concert uke, a Kala UBass, and a roadtrip to NYC to see the Ukulele Orchestra of Great Britain on Nov. 2nd.

    I am sick, sick, SICK!! Very sick, indeed. I need help! Please... somebody ...

  2. #2
    Hippie Dribble Guest

    Default

    righto franulele here's my doctorly advice re your 12 step plan:

    step 1: buy the KoAloha
    step 2: buy the Kala
    step 3: buy the ticket to see the Uke Orchestra of Great Britain

    this should cure all your ills without having to go through steps 4-12.

    I believe you are indeed not sick, but a pure picture of perfect health. However, if these symptoms persist...

    step 4: take 2 asprin and call me in the morning

    Dr Eugene

  3. #3

    Thumbs up Go for it!

    I think that anyone who receives 6 months free of payments and uses that extra money to improve their materialistic selves is very very sick, and needs serious help. Unfortunately that is the case for most of the people in this world.

    You however are far from sick, and your sudden, spontaneous plan to do something out of the ordinary and to enjoy your life in a way that crosses few other minds is both inspirational and reverent.

  4. #4

    Default

    I love it. great ideas and everything else.
    1. who doesn't want a KoAloha concert?
    2. who doesn't want a Uke bass PERIOD?
    and 3. who doesn't want to see the UKULELE ORCHESTRA OF GREAT BRITAIN?
    enough said

  5. #5
    Join Date
    Aug 2010
    Location
    Belgium/west-Flandres/wevelgem
    Posts
    38

    Default

    Step 1 : Buy it all
    Step 2 : Sell the dog and the car
    Step 3 : Rent the Upstairs to a Junkie for 320$/month
    Step 4 : Sell the rest of the your furniture -> Furniture aint worthy without a coffeetable in ur house >,<
    Step 5 : repeat Step 1 but For SplitCreek

    Haha Here's your guide !!
    Nah man Seriously do what ur hart tells u too ... Buy the kala, koAloha and the ticket that whats my hart tells tough

  6. #6
    Join Date
    Sep 2008
    Location
    Nashville, TN
    Posts
    2,925

    Default

    One option would be to ahead and make the payments anyway.

    They'd be pure principal, wouldn't they? And it's an expense you were planning on anyway, so it won't feel like you're depriving yourself of anything.

    Depending on where you are in your mortgage, that could save you tons of money in interest (or have that much more equity if/when you sell it). A lot more than the payments add up to today. You'd have to wait to realize the savings, but you could buy a way more expensive uke/trip/uke-bass then.

    Just a thought.

    JJ
    "Talent is just a pursued interest. In other words, anything you are willing to practice, you can do." -- Bob Ross

  7. #7
    Join Date
    Dec 2009
    Location
    USA
    Posts
    1,158

    Default

    Quote Originally Posted by Ukulele JJ View Post
    One option would be to ahead and make the payments anyway.

    They'd be pure principal, wouldn't they? And it's an expense you were planning on anyway, so it won't feel like you're depriving yourself of anything.

    Depending on where you are in your mortgage, that could save you tons of money in interest (or have that much more equity if/when you sell it). A lot more than the payments add up to today. You'd have to wait to realize the savings, but you could buy a way more expensive uke/trip/uke-bass then.

    Just a thought.

    JJ
    Further motivation: we haven't seen the bottom yet in this economy. With talk of deflation, people need available cash.

  8. #8

    Default

    1) Put a third of the money away in a savings account for an Emergency Fund.
    2) Pay a third of the money towards your mortgage anyway.
    3) Road trip to see the UOGB.

    Why? Because I'm a huge fan of Emergency Funds, paying off debt early, and adventures.
    My primary selection critera for a new ukulele:
    "Is it pretty?"

  9. #9
    Join Date
    Mar 2009
    Location
    near Rochester, NY
    Posts
    52,490

    Default

    Quote Originally Posted by Ukulele JJ View Post
    One option would be to ahead and make the payments anyway.

    They'd be pure principal, wouldn't they? And it's an expense you were planning on anyway, so it won't feel like you're depriving yourself of anything.

    Depending on where you are in your mortgage, that could save you tons of money in interest (or have that much more equity if/when you sell it). A lot more than the payments add up to today. You'd have to wait to realize the savings, but you could buy a way more expensive uke/trip/uke-bass then.

    Just a thought.

    JJ
    Exactly what I was going to recommend. Maybe not the most popular answer, but certainly the most fiscally responsible....
    Things get better with age. I'm approaching magnificent....

    Kala KA-SC :: Sapele /ebony soprano, handmade :: Kiwaya K-Wave Tele Uke :: Big Island KTO-TR :: Lanikai LU-8EK :: Eastman concert prototype :: vintage banjolele :: Mainland gloss mahogany concert

    "And if you don't know where you're going, any road will take you there..." - George Harrison

    "Just a few ukulele hooligans getting wild and strummy...." - chindog


    5:2576

  10. #10
    Join Date
    Jun 2009
    Location
    Los Angeles
    Posts
    4,953

    Default

    Quote Originally Posted by Ukulele JJ View Post
    One option would be to ahead and make the payments anyway.

    They'd be pure principal, wouldn't they? And it's an expense you were planning on anyway, so it won't feel like you're depriving yourself of anything.

    Depending on where you are in your mortgage, that could save you tons of money in interest (or have that much more equity if/when you sell it). A lot more than the payments add up to today. You'd have to wait to realize the savings, but you could buy a way more expensive uke/trip/uke-bass then.

    Just a thought.

    JJ
    Wow, I was going to suggest the same thing. Depending on where you are in the life of your mortgage, especially in the early years, only a tiny fraction of it is actually going toward the principal.

    If your payments now-Dec. would be pure principal, you could conceivably be knocking a year or more off the life of your mortgage with each payment. Plus, a few grand between now and Dec. will lower your principal and thus raise your future principal-to-interest ratio.

    I don't get why when people come into some "found" money they feel they've just gotta spend it.

    Or another alternative, if you've got credit card debt would be to use this to pay them down or off. Many cc's charge 20+% interest (surely a lot more than your mortgage) so this strategy could help you a lot in the shorter term. If you've got a few thou in cc debt and only ever make the minimum payment, you're paying a heck of a lot in interest.

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