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Old 05-27-2009, 04:01 PM   #1
Default Do you have an expense that is stopping....  
deemom
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Do you have an expense that you will no longer have to pay that you are excited about? What are you going to do with that money?


We paid the last month for dd preK tuition. I'm going to get $2000 in savings as an emergency plan then roll it over into the debt reduction plan.
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Old 05-27-2009, 04:12 PM   #2
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Same for us--no more preschool tuition (for this year, than dd2 needs to go.) That's an extra $500 a month, but it is getting eaten up by traveling.
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Old 05-27-2009, 04:13 PM   #3
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Yay for you!

We paid off both of our vehicle loans this year (just paid off DH's this month). That's about $1000 extra per month. We also have one more month tuition for our youngest DS' preschool, as he starts public Kindergarten in the fall. That's $165 month.

So, we've got $1165 a month to use for savings/etc. I'm working on increasing our EF (we have about 3 months income in there now).

We're beefing up our regular savings, and also doubling our monthly payment on the second mortgage. That 7.5% loan has to go!

We've been strapped for some time and now have a bit more breathing room. We also want to use some of that for a little "fun" too.
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Old 05-27-2009, 07:15 PM   #4
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DH's son turn 19 and child support stopped. That is 400 a month, and we are putting it into savings.
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Old 05-27-2009, 07:23 PM   #5
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Our car will be paid off in six months for sure. I'm actually hoping to get it paid off by the end of summer but it just depends. But it will be gone soon!
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Old 05-27-2009, 07:40 PM   #6
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Jealous!
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Old 05-28-2009, 06:36 AM   #7
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As of next week we will have our furnace paid off and before the promotional period ends, so NO finance charges -YAY-!!!! As of now I am not sure what we will do with the extra money a month probably will just go into savings.
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Old 05-28-2009, 09:09 AM   #8
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ember15
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Depends we are selling an asset and it depends on financing of the new asset. Still we may end up with extra money. It would be fantastic to get rid of the recent medical bills. They aren't going to last for long 3 months, 5 months 12 months and 18 months but I would love haveing that cash free again.
The CCs would be something I would love to see go away too.
As to what we are doing with extra cash flow its going toward our new house and higher morgage payment.
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Old 05-28-2009, 09:12 AM   #9
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We just paid off our credit card and line of credit completely and only have 5 more payments on our vehicle. After that, all we have is our mortgage pmt. We're going to try to double up on that to get it gone asap.
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Old 05-29-2009, 03:56 PM   #10
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Yes my SO and I are moving in together so we will no longer be paying TWO rents/mortgages! YAY!!
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