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To prepare for the future... the aftermath
12 years ago
Alright well, in April I posted a cryptic journal entry about how I was planning on entering into an agreement on better positioning myself financially. It's now come to pass. It's done, it's over, it's happened. And I'm pissing my pants with Buyer's Remorse. X(
My place of residence has a large mortgage on it, and with the housing rates as they were in April from when I originally bought the place, I wanted to find a better deal and lessen the duration of it. I absolutely hate being in debt, and if I do go into debt I want to get out of it as fast as possible. So long story short, I entered an agreement with the bank, and offered to put a lot down into it in order to get the rate as low as possible. And it worked out fine. :) Problem is, I'm now three hairs shy of broke and in a very fragile financial state. :( Running the numbers, if things stay as they are then I'll be okay as long as nothing bad happens. Any sudden big expense like... god forbid I get into a car accident or my job is suddenly in jeopardy, or anything else like that, then I'm in serious trouble.
It's led to having a few sleepless nights. :-/ And it's been a constant mobius strip in my head! The rates shot right back up in June so I got in at just the right moment... but it's a ton of cash that I parted with to get it to work that I'd kinda like to have. But had I not and instead waited, it'd be more cash I'd need to spend. So I pounced on it when I saw the getting was good. I just hope it doesn't turn into a "leapt before I looked" thing.
Other news, I signed up on Facebook finally! :) Now to add and post more stuff about my life on the interwebs! 8D
My place of residence has a large mortgage on it, and with the housing rates as they were in April from when I originally bought the place, I wanted to find a better deal and lessen the duration of it. I absolutely hate being in debt, and if I do go into debt I want to get out of it as fast as possible. So long story short, I entered an agreement with the bank, and offered to put a lot down into it in order to get the rate as low as possible. And it worked out fine. :) Problem is, I'm now three hairs shy of broke and in a very fragile financial state. :( Running the numbers, if things stay as they are then I'll be okay as long as nothing bad happens. Any sudden big expense like... god forbid I get into a car accident or my job is suddenly in jeopardy, or anything else like that, then I'm in serious trouble.
It's led to having a few sleepless nights. :-/ And it's been a constant mobius strip in my head! The rates shot right back up in June so I got in at just the right moment... but it's a ton of cash that I parted with to get it to work that I'd kinda like to have. But had I not and instead waited, it'd be more cash I'd need to spend. So I pounced on it when I saw the getting was good. I just hope it doesn't turn into a "leapt before I looked" thing.
Other news, I signed up on Facebook finally! :) Now to add and post more stuff about my life on the interwebs! 8D
AylaStarDragon
~aylastardragon
We don't owe money on a house, but we still owe a lot from moving to the new apartment. Especially since everyone wants a deposit. -_- So...pretty much nothing but food and bills. ugh. Well, it's only one more month of this I think. And I'm lucky we can afford food now too.
Coon
~coon
You bought a house? I'm looking into doing the same. I -could- wipe myself out on the down payment for a low rate, but that is indeed taking a lot for granted. I like having a buffer in case something happens. Any place I'm going to stay at I'm going to be there for five to ten years or for the rest of my life, so I can afford to pay it off at a slower pace.
Eredran
~eredran
OP
Yep! I got my place three years ago. I admit I'm still on the fence whether I should have done it or not. Like you said, having a buffer just in case something happens...
