I have owned my own business for 23 years.
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11 yrs-2 mths
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78 years.
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17 years.
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31 years this month
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14 years
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2 years and 10 months
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33 LONG years!
Would you work at the job you had in high school?
Although its taking me a lot of pride and big bitter pill to swallow, I am thinking (at 26 years old) to go back to the retail job I had when I was in high school. Would you do it? I need money and it would only be for a month! Any other suggestions? Maybe waitressing would be better because I would make tips? Also, I am starting school in the fall and have a lot of admin experience. Its only for a month or two though...
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maaaan! in these times you do what YOU have to do. a month ago i was a railroad conductor now i'm sweeping a house for someone else to flip! life's funny that way.
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Actually, if you look at it another way you are kind of lucky that you have a job you can go back to. There are a lot of unemployed people who formerly worked as highly trained professionals that would like to have any job about now. It sounds like it's not going to be permanent so I would say go for it. And as a former waitress in high school I would go with the retail job unless you are a real people pleaser with a lot of patience. People can be real cranky when they are hungry.
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If the job you had in high school bring in more money then you are making now then yes. What's wrong with a 26 year old working in retail? That's where most young people work anyway. You should see the 98 year old women that work at Macys.
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I am in a similar situation. I just graduated from college, and I am back at my degree. It is kind of hard to go back to the job you had in high school.
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Retail offers a lot of flexibility. You may find it a refreshing change while you are in school sitting all day, to be on your feet at night.
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maaaan! in these times you do what YOU have to do. a month ago i was a railroad conductor now i'm sweeping a house for someone else to flip! life's funny that way.
...............................................................................
Actually, if you look at it another way you are kind of lucky that you have a job you can go back to. There are a lot of unemployed people who formerly worked as highly trained professionals that would like to have any job about now. It sounds like it's not going to be permanent so I would say go for it. And as a former waitress in high school I would go with the retail job unless you are a real people pleaser with a lot of patience. People can be real cranky when they are hungry.
...............................................................................
If the job you had in high school bring in more money then you are making now then yes. What's wrong with a 26 year old working in retail? That's where most young people work anyway. You should see the 98 year old women that work at Macys.
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I am in a similar situation. I just graduated from college, and I am back at my degree. It is kind of hard to go back to the job you had in high school.
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Retail offers a lot of flexibility. You may find it a refreshing change while you are in school sitting all day, to be on your feet at night.
What do the Bears & Bulls represent on Wall Street?
A bull market is when the stock market is generally going up.
A bear market is when the stock market is generally going down.
A bear market is when the stock market is generally going down.
Which GEICO mascot do you think is better?
Which do you like better, the Gecko, the Cavemen, or the Stack of Money?
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The Gecko, of course. This is one of the cutest attention getter's there is anywhere.
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I LOVE THE GECKOOO!!!!!!
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You watch WAY too much TV.
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The Gecko, of course. This is one of the cutest attention getter's there is anywhere.
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I LOVE THE GECKOOO!!!!!!
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You watch WAY too much TV.
Do you think I can afford this house?
Do you think I can afford this house?
My husband and I want to purchase this house. It is $60,000. We will put down 20% ($12,000) and get a 15 yr mortgage, at 4.625%. The payments will be $370 a month, and $200 in property taxes. ($570 total). The seller will pay 4% towards closing costs, plus $500 for flooring allowance ($2,900 total). We have been approved for a $100,000 mortgage.
My husband makes $2,600 a month after taxes ( up to $3,100 w/ overtime) and I make $700 a month, but take out $500 to save up for the upcoming semester of school. After, we have $2,800 monthly income.
We have about $8,000 in investments, and $20,000 saved up for the purchase of this house. Upon purchase, after a 2008 tax amendment, we will get a check mailed to us for $6,000, thanks to the first-time home buyer tax credit! :)
We will need to pay utilities, home related insurances (home insurable for $50 a month- AAA), $250 a month for cell bill, and car insurance, and a couple small expenses. I have $3,000 in student loans that I won't need to pay in for at least 2 years. ( I may not end up paying, as my parents generously suggested they might may as grad gift) and he has $200 in credit card debt currently, that he is paying off ASAP (car repair last month) We don't typically use credit cards for everyday purchases.
The house doesn't appear to need any major repairs, inspection came in near flawless. The kitchen is outdated, but that can wait.
Can we afford this home? Also, we are just starting out. We don't have furniture and don't expect to buy a houseful at once. But, how much do you think we will be able to spend for furniture and cosmetic updates, if any?
Thank you for reading this, and for your advice!
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You can afford this house. Congratulations.
At $570 a month for mortgage (property taxes included) and an approximate gross Income of around $4000/month you use less than 20% of your gross income towards the mortgage. (the recommended "safe zone is 28% to 30%). Your other liabilities are minor and you have virtually no credit card bills. Even the $3000 you owe on the student loan should not be a burden.
I don't know where you live.... but I wished I could rent a house for under $600 a month and would be in 7th heaven if I could find a decent house to buy at $60K.
Go for it.... and keep adding to your emergency funds. Furniture can be found cheap in any thrift store and if you give yourself the time to look you will find decent furniture. You should look into buying energy efficient washer and dryer and check your water heater. If it is old... replace it with a new energy star model and you will save a lot in utilities.
Your bank approved you for $100K - don't get tempted and use the remaining 40K to buy furniture and make improvements right away.
Instead keep your saving habits and tackle one job at a time with money you have saved for each project.
If you don't overdo the upgrades right away and spend money that you don't own... you will be fine.
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$60,000??? do you live in a ghetto area?? where i live houses are about $600,000
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You should be fine with your income. Also, you stated you were pre approved for 100k, so, obviously, the bank has faith in your ability to repay that also.
I make a tad more than you and your hubby and bought a place for 75k. I don't have any problem making the payments.
My husband and I want to purchase this house. It is $60,000. We will put down 20% ($12,000) and get a 15 yr mortgage, at 4.625%. The payments will be $370 a month, and $200 in property taxes. ($570 total). The seller will pay 4% towards closing costs, plus $500 for flooring allowance ($2,900 total). We have been approved for a $100,000 mortgage.
My husband makes $2,600 a month after taxes ( up to $3,100 w/ overtime) and I make $700 a month, but take out $500 to save up for the upcoming semester of school. After, we have $2,800 monthly income.
We have about $8,000 in investments, and $20,000 saved up for the purchase of this house. Upon purchase, after a 2008 tax amendment, we will get a check mailed to us for $6,000, thanks to the first-time home buyer tax credit! :)
We will need to pay utilities, home related insurances (home insurable for $50 a month- AAA), $250 a month for cell bill, and car insurance, and a couple small expenses. I have $3,000 in student loans that I won't need to pay in for at least 2 years. ( I may not end up paying, as my parents generously suggested they might may as grad gift) and he has $200 in credit card debt currently, that he is paying off ASAP (car repair last month) We don't typically use credit cards for everyday purchases.
The house doesn't appear to need any major repairs, inspection came in near flawless. The kitchen is outdated, but that can wait.
Can we afford this home? Also, we are just starting out. We don't have furniture and don't expect to buy a houseful at once. But, how much do you think we will be able to spend for furniture and cosmetic updates, if any?
Thank you for reading this, and for your advice!
...............................................................................
You can afford this house. Congratulations.
At $570 a month for mortgage (property taxes included) and an approximate gross Income of around $4000/month you use less than 20% of your gross income towards the mortgage. (the recommended "safe zone is 28% to 30%). Your other liabilities are minor and you have virtually no credit card bills. Even the $3000 you owe on the student loan should not be a burden.
I don't know where you live.... but I wished I could rent a house for under $600 a month and would be in 7th heaven if I could find a decent house to buy at $60K.
Go for it.... and keep adding to your emergency funds. Furniture can be found cheap in any thrift store and if you give yourself the time to look you will find decent furniture. You should look into buying energy efficient washer and dryer and check your water heater. If it is old... replace it with a new energy star model and you will save a lot in utilities.
Your bank approved you for $100K - don't get tempted and use the remaining 40K to buy furniture and make improvements right away.
Instead keep your saving habits and tackle one job at a time with money you have saved for each project.
If you don't overdo the upgrades right away and spend money that you don't own... you will be fine.
...............................................................................
$60,000??? do you live in a ghetto area?? where i live houses are about $600,000
...............................................................................
You should be fine with your income. Also, you stated you were pre approved for 100k, so, obviously, the bank has faith in your ability to repay that also.
I make a tad more than you and your hubby and bought a place for 75k. I don't have any problem making the payments.
Currency Australia prior to dollars & cents...?
My wish is to be able to provide equations of our former currency, allowing conversions of all coins & notes, eg;
1; a pound to a dollar
2; a fathom, halfpenny, shilling etc to our current coins
3; a comparison example of an amount eg $750 to pounds.
Finally I seek the names for each of the former coins & notes, as well as their nicknames (zac, dina, quid etc).
Your help is appreciated.
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Prior to 1966, Australia used the British system of Pounds/Shillings/Pence.
1 Pound = 20 Shillings
1 Shilling = 12 Pence = 2 Sixpence = 4 Threepence = 24 Halfpennies
1 Florin = 2 Shillings
1 Crown = 5 Shillings
In 1966, 1 Pound became 2 Dollars.
So...1 Dollar equals 10 old Shillings or 5 old Florins or 120 old pence.
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These two links may be helpful. I hope by fathom you mean farthing.
1; a pound to a dollar
2; a fathom, halfpenny, shilling etc to our current coins
3; a comparison example of an amount eg $750 to pounds.
Finally I seek the names for each of the former coins & notes, as well as their nicknames (zac, dina, quid etc).
Your help is appreciated.
...............................................................................
Prior to 1966, Australia used the British system of Pounds/Shillings/Pence.
1 Pound = 20 Shillings
1 Shilling = 12 Pence = 2 Sixpence = 4 Threepence = 24 Halfpennies
1 Florin = 2 Shillings
1 Crown = 5 Shillings
In 1966, 1 Pound became 2 Dollars.
So...1 Dollar equals 10 old Shillings or 5 old Florins or 120 old pence.
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These two links may be helpful. I hope by fathom you mean farthing.
Bills debt recovery mortgage and a messed up relationship.?
a couple just about spliting up who have a mortgage .wich is a high mortgage as it paying interest only for the first 3 years,the male can come off the mortgage in october 2009 as the female wants to carry on with the mortgage,she is on a debt recovery plan near enough bankrupt,the male has given 950 to a thousand every month for bills excetra.we have just found out the female hasnt payed any house hold bills since august 2008 a debt owing well over two thousand pounds .electric gas poll tax water.what is the best way to get out of this mess .walk away or carry on with the mortgage,if the female defaults on the mortgage it will be another year before the male can get off the mortgage,,,,what a mess any advice please emma xx
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Unsure if you are asking for advice on behalf of female or male....
The female needs to draw up an action plan. Firstly work out her disposable income (in-comings minus outgoings) & then call the companies she is in debt with. Assuming gas, electric etc are still with the same provider she cannot add this to her recovery plan as they will disconnect her service. This means she needs to start paying the bill, plus extra to cover the debt.
If she cannot realistically cover all expenses alone, it is time to sell up. Burying her head in the sand will get her house re-possessed, sold at auction for less than it is worth & then she will have a mortgage shortfall to add to the list of the debt. If the house is sold, the utility bills can be added to the recovery plan, providing she uses another supplier in the new house & also depending who's name the bill is in.
The male needs to keep paying the mortgage until his name can be taken off. If female defaults whilst still in his name, he is still legally responsible & the debt will be in his name, regardless of if he is living there.
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Obviously the household bills must be paid but it may be possible to save money by getting any credit cards or unsecured loans legally cancelled. I used www.bdebtfree.info and they were very helpful. Good luck.
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Move home. Deny everthing. Never ever admit responsibility. Then they can't touch you.
...............................................................................
Unsure if you are asking for advice on behalf of female or male....
The female needs to draw up an action plan. Firstly work out her disposable income (in-comings minus outgoings) & then call the companies she is in debt with. Assuming gas, electric etc are still with the same provider she cannot add this to her recovery plan as they will disconnect her service. This means she needs to start paying the bill, plus extra to cover the debt.
If she cannot realistically cover all expenses alone, it is time to sell up. Burying her head in the sand will get her house re-possessed, sold at auction for less than it is worth & then she will have a mortgage shortfall to add to the list of the debt. If the house is sold, the utility bills can be added to the recovery plan, providing she uses another supplier in the new house & also depending who's name the bill is in.
The male needs to keep paying the mortgage until his name can be taken off. If female defaults whilst still in his name, he is still legally responsible & the debt will be in his name, regardless of if he is living there.
...............................................................................
Obviously the household bills must be paid but it may be possible to save money by getting any credit cards or unsecured loans legally cancelled. I used www.bdebtfree.info and they were very helpful. Good luck.
...............................................................................
Move home. Deny everthing. Never ever admit responsibility. Then they can't touch you.
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