I'm filing on 12/29 officially. Signed all the paperwork on 12/23. I'm going to give you a run down of what I'm letting go and what I'm definitely keeping and then what I'm not sure of.
Letting go of:
Wakeboard Boat - $59,000 owed, $465/month
BofA 8 yr consolidation loan $28,000 $495/month
BofA credit card $7500 $125/month
Discover - $5400 $103/month
Dodge Ram 2500 - $39000, $671/month (I don't actually pay for this one so I can't count it in the budget)
CU Loan - $1900 $65/month 24 months
Keeping:
Our Home - $147 owed, $1021 not including taxes & insurance (around $5000)
2008 Jeep Wrangler (wife's vehicle) $21K owed, 69 months @ $371 6.99%
Not very sure:
2003 Tahoe Z71 $16,800 owed, $385/month for 48 more months 5.99%
My monthly expenses will total roughly $2500 after the fact including all utilities and phones & such. $2500 is WAY less than what it has been for the past few years but for some reason I'm still scared. I have no reason to be scared because I average $4000 + per month and then we have the wife's income. She just lost her job making $10 an hour which should be easy to replace. I think those last couple of sentences are me telling myself it'll be ok. I work on 100% commission so nothing is ever certain.
Did you guys feel this way when you filed? Its almost surreal, as if I'm going to wake up and someone will be laughing at me saying its not that easy.
What should i do about the Tahoe? I know I'm upside down in it and I'm willing to drive something that I could pay cash for, however I don't have that kind of income to replace it in 90 days. Am I putting myself further in the hole by finding something for $10,000 and financing it in wife's name for a short term? The payments will be about the same in that case.
I'm so confused. Every time I feel like I've got it together I lose it again.
Should I look for a more steady paying job? I am the internet manager at a motorcycle shop and am pretty consistent. Been at it nearly 5 years.
Letting go of:
Wakeboard Boat - $59,000 owed, $465/month
BofA 8 yr consolidation loan $28,000 $495/month
BofA credit card $7500 $125/month
Discover - $5400 $103/month
Dodge Ram 2500 - $39000, $671/month (I don't actually pay for this one so I can't count it in the budget)
CU Loan - $1900 $65/month 24 months
Keeping:
Our Home - $147 owed, $1021 not including taxes & insurance (around $5000)
2008 Jeep Wrangler (wife's vehicle) $21K owed, 69 months @ $371 6.99%
Not very sure:
2003 Tahoe Z71 $16,800 owed, $385/month for 48 more months 5.99%
My monthly expenses will total roughly $2500 after the fact including all utilities and phones & such. $2500 is WAY less than what it has been for the past few years but for some reason I'm still scared. I have no reason to be scared because I average $4000 + per month and then we have the wife's income. She just lost her job making $10 an hour which should be easy to replace. I think those last couple of sentences are me telling myself it'll be ok. I work on 100% commission so nothing is ever certain.
Did you guys feel this way when you filed? Its almost surreal, as if I'm going to wake up and someone will be laughing at me saying its not that easy.
What should i do about the Tahoe? I know I'm upside down in it and I'm willing to drive something that I could pay cash for, however I don't have that kind of income to replace it in 90 days. Am I putting myself further in the hole by finding something for $10,000 and financing it in wife's name for a short term? The payments will be about the same in that case.
I'm so confused. Every time I feel like I've got it together I lose it again.
Should I look for a more steady paying job? I am the internet manager at a motorcycle shop and am pretty consistent. Been at it nearly 5 years.