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Welp, time for a monthly report. Last month, my debt went down by $835.69 for a total debt of $37,213.71 Less than I'd have liked, but I had to buy tires as mine were bald. Mini still isn't sold. Right now I'm looking for a used muffler to replace mine because it's rusty and people will expect me to take off like $500 or more because of it. I can get a used one for $50 online, plus shipping (not applicable if they're fairly local, obviously). Car is for sale in four different places, not autotrader though as I couldn't fit it in the budget. Last month was a bit rough because my wife didn't work for two days, and that cost us about $100. Her boss had pneumonia and they had nobody to cover for him, so they had nobody work period. It sucked but we managed. I've paid my dad back about 11% of what I borrowed from him. So basically, steady as she goes.
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May 31, 2009 02:19
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CornHolio posted:Last month, my debt went down by $835.69 Just wanted to get in before people start giving you crap about the mini again and say good job! Like you said, could be better, but >$800 is nothing to sneeze at.
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May 31, 2009 03:01
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CornHolio posted:
Good stuff and all but why are you paying back this loan? Shouldn't you be focussing on the ones that are interest-bearing or am I missing something?
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May 31, 2009 03:46
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Two Finger posted:Good stuff and all but why are you paying back this loan? Shouldn't you be focussing on the ones that are interest-bearing or am I missing something? I'm bound by contract to pay him $450/month until I sell the Mini, after which it will go up to $650/month. The only loan Im paying a lot of interest on is the Wells Fargo loan. Other than that its about $20/month total.
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May 31, 2009 03:54
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CornHolio, I just drove through the entire state of Indiana yesterday on the way to Chicago. And I have just one question. Why the gently caress does everybody up here love Minis? Every fifth car was a Mini once I got north of Kentucky. edit: I was seriously thinking about you and the wife
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May 31, 2009 20:04
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How did the job performance evaluation go?
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May 31, 2009 23:13
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CornHolio posted:Good call changing the axis of the graph! Looks good so far.
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Jun 1, 2009 00:23
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Zeta Taskforce posted:How did the job performance evaluation go? I turned in my thing over a week ago, still waiting on my boss to let me know when our meeting will be.
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Jun 1, 2009 03:52
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Is the Mini currently being driven or is it parked up somewhere and unused? If it's being used, what are you going to do once it's sold?
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Jun 1, 2009 21:48
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Maggot Monster posted:Is the Mini currently being driven or is it parked up somewhere and unused? If it's being used, what are you going to do once it's sold? The Mini is driven every day. It will need to be replaced immediately once it's sold.
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Jun 1, 2009 22:08
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CornHolio posted:The Mini is driven every day. It will need to be replaced immediately once it's sold. If you have not sold the mini after 6 months of trying, you should just be honest and admit that you or your wife doesn't want to sell it. Its OK. Your debt levels are beginning to come down, your dad lent you the money and you are not paying that much interest anymore. Hopefully you are looking at a raise. You in essence already own a reliable used car. Gas prices are creeping up again. It is still better if you sold it, getting rid of the car loan, got a cheap car and freed up your money, but it's not the end if you keep it, especially if you keep it for a long time.
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Jun 4, 2009 04:45
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CornHolio posted:The Mini is driven every day. It will need to be replaced immediately once it's sold. Is there a For Sale sign in its window?
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Jun 4, 2009 04:50
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Zantie posted:Is there a For Sale sign in its window? no. Zeta Taskforce posted:If you have not sold the mini after 6 months of trying, you should just be honest and admit that you or your wife doesn't want to sell it. Its OK. Your debt levels are beginning to come down, your dad lent you the money and you are not paying that much interest anymore. Hopefully you are looking at a raise. You in essence already own a reliable used car. Gas prices are creeping up again. It is still better if you sold it, getting rid of the car loan, got a cheap car and freed up your money, but it's not the end if you keep it, especially if you keep it for a long time. We still need to sell it, we want to sell it, but at this point I think it's me dragging my feet. I really need to either put it on autotrader or back in the paper. I think when we sell it, though, my wife's probably going to be sans car for about a week, and I have no idea how that's going to work. The car still needs a new muffler, and I was working with a guy in KY that was going to sell me a used one for $75, but I haven't heard from him for a couple of days now. We still plan on selling it, but yeah its not as crucial at the moment. Something interesting happened the other day: Meijer called me. I turned in an application way back in March? when the wife was unemployed. They asked if I could work first shift Fri-Sun. Well, they left a message to that effect anyway. On the one hand the extra money would help immensely, but on the other hand I would be working seven days a week (I wouldn't be able to work that job on Friday due to my other job) and would never see my wife or child. Since we're doing better I plan on telling them thanks but no thanks. CornHolio fucked around with this message at 13:09 on Jun 4, 2009 |
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Jun 4, 2009 13:05
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CornHolio posted:We still need to sell it, we want to sell it, but at this point I think it's me dragging my feet. I really need to either put it on autotrader or back in the paper. I think when we sell it, though, my wife's probably going to be sans car for about a week, and I have no idea how that's going to work. Can she car-pool to work with anyone? Since you work different shifts (I think) can you drive her to work and then come back?
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Jun 4, 2009 13:09
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dreesemonkey posted:Can she car-pool to work with anyone? Since you work different shifts (I think) can you drive her to work and then come back? She works at 4, I'm not even home until after six. She gets off at midnight, I get up before seven, I try to get myself and my daughter in bed by 11:30. My mom could take her to work and I could pick her up for that week, but it would be incredibly taxing on us - I'd have to keep my daughter up past 12:30 every night. Other people picking her up might be an option, I'll have to ask her.
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Jun 4, 2009 13:12
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CornHolio posted:no. Your strategy of doing nothing and hoping for the best is tried and true. Never change.
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Jun 4, 2009 13:15
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Take the second job. Bust your rear end and get that debt paid off. My father worked 3 jobs for most of his young adult life (around 90 hours a week) so that his family could thrive. Granted, he had 4 children before I was born, but he still had to bust his hump, and you should too. Your daughter won't remember you not being around as much when she's really young, but doing so now will allow you more time in the future.
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Jun 4, 2009 15:29
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Nocheez posted:Take the second job. Bust your rear end and get that debt paid off. I really wouldn't do this unless you absolutely need to. Right now his debt is going down nicely and time with your family and friends is more important than money after all. Working 90 hours a week is not something to be proud of, it's a horrible thing to do and it's simply bad for you.
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Jun 4, 2009 15:37
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The Flying Clog Wog posted:I really wouldn't do this unless you absolutely need to. Right now his debt is going down nicely and time with your family and friends is more important than money after all. While Cornholio is making progress which is laudable, he is still extremely far in debt. He is only one minor problem from being further in the hole than he was a few months ago. A second job, even part time to build up just a decent emergency fund isn't a bad idea.
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Jun 4, 2009 16:13
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I didn't say to work it indefinitely. I meant to say that he should pick up 16 hours on the weekend and chip away at the debt. Since his Mini is never going to be sold, he has to find a way to soak up that 14K in debt some other way. He could even work 3 weekends a month and make an extra $300 take-home.
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Jun 4, 2009 16:18
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Nocheez posted:Since his Mini is never going to be sold, he has to find a way to soak up that 14K in debt some other way. $8,000 in debt. CornHolio fucked around with this message at 16:26 on Jun 4, 2009 |
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Jun 4, 2009 16:20
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CornHolio posted:
Mea culpa. That's still 80 weekends at the second job. A year and a half, 2 years working a second job won't kill you or monopolize all your time with family.
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Jun 4, 2009 16:23
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slidebite posted:While Cornholio is making progress which is laudable, he is still extremely far in debt. He is only one minor problem from being further in the hole than he was a few months ago. A second job, even part time to build up just a decent emergency fund isn't a bad idea. At the same time I do understand why you would want to speed up the getting out of debt process... if they do finally sell the mini (and he really should get on that, obviously) and he gets a raise then I really think the cons outweigh the pros when it comes to getting another job.
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Jun 4, 2009 16:26
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Nocheez posted:Mea culpa. It would though. I don't see my wife at all Monday thru Friday. We're already hardly a family. Take half of the weekend away, I might as well get a divorce because I think few marriages would survive that.
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Jun 4, 2009 16:27
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CornHolio posted:It would though. I don't see my wife at all Monday thru Friday. We're already hardly a family. Take half of the weekend away, I might as well get a divorce because I think few marriages would survive that. Can you assign her half the debt at the divorce?
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Jun 4, 2009 19:21
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Maggot Monster posted:Can you assign her half the debt at the divorce? To answer the question unironically, who ever originally signed for the debt remains responsible for the debt. Cornholio will not be responsible for the mortgage she signed for with the inlaws. Likewise if only he signed for one of the cards at the furniture store, he takes it with him. If they are joint, as far as the financial institution goes, they both remain responsible for the entire debt until the court decides. Now I get to ask a question. What is this obsession with Cornholio divorcing the mother of his daughter and the talk that it is already a Fait accompli?
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Jun 4, 2009 20:59
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Zeta Taskforce posted:To answer the question unironically, who ever originally signed for the debt remains responsible for the debt. Cornholio will not be responsible for the mortgage she signed for with the inlaws. Likewise if only he signed for one of the cards at the furniture store, he takes it with him. If they are joint, as far as the financial institution goes, they both remain responsible for the entire debt until the court decides.
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Jun 4, 2009 21:28
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swenblack posted:You're going to have to cite a source for this, because it runs counter to what has happened to some of my friends' families. Different states have different marital property laws. I'm not sure about Indiana, but depending upon whether or not the state follows Community Property laws has a large bearing on how things would be divided up.
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Jun 4, 2009 21:41
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swenblack posted:You're going to have to cite a source for this, because it runs counter to what has happened to some of my friends' families. I’m a banker, not a lawyer. All I know is that as far as we are concerned, debts that we originate stay with the individuals who took them out. I can’t speak to the black magic that was used against your friends’ families.
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Jun 4, 2009 21:46
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Cornholio, you just made a worried post in the GM thread about how the bankruptcy will affect companies who worked with GM chassis, you were told they might be screwed, and you still don't see any reason to spend part of your weekends grabbing extra money to pay down debt and put away for emergencies? If everything turns out all right on that front, you can always quit. I know working all that time would suck, but go back and read the first page of this thread and remember how you felt when your wife lost her job, and then think about how it's going to feel if you lose your job instead. Man up and take care of your family, don't be a martyr about it, and talk to your wife about how important it is to be secure while the economy is bad. A lot of people think we're headed for another crash. At your current rate, you've got four years without emergencies and without a safety net to get through to pay off all your debt. And you're talking about buying a house in there sometime, which will almost certainly require 20% down. Ask your wife how long she wants to go on living in that apartment, and see what she has to say about you working weekends then.
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Jun 4, 2009 21:58
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CornHolio posted:at this point I think it's me dragging my feet. This only took six months! We're making real progress here.
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Jun 4, 2009 22:18
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Zeta Taskforce posted:I’m a banker, not a lawyer. All I know is that as far as we are concerned, debts that we originate stay with the individuals who took them out. I can’t speak to the black magic that was used against your friends’ families. IANAL also. It depends on the state. In some states, assets and debts get divided in divorce based on how they were brought into the marriage. In other states, everything is automatically shared the moment it is brought into the marriage. All this can change with pre-nups, though.
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Jun 4, 2009 22:24
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CornHolio, firebomb the Mini and claim insurance on it. Jesus Christ it has been six months
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Jun 5, 2009 00:52
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CornHolio posted:we want to sell it No you don't. How dumb do you think we are? If you wanted rid of the thing it would have been gone half a year ago. guaranteed posted:Cornholio, you just made a worried post in the GM thread about how the bankruptcy will affect companies who worked with GM chassis, you were told they might be screwed, and you still don't see any reason to spend part of your weekends grabbing extra money to pay down debt and put away for emergencies? I'm sorry but this is 24-karat gold. Cornholio: You are being an immense tool. Find a job that pays what you're worth in a region that's not a literal economic disaster area. Use some of the extra money to fly out to see family often.
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Jun 5, 2009 01:20
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Yeah the "I will be farther from family" reasoning doesn't really hold up if you, by your own words, don't see your wife AT ALL Mon- Fri.
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Jun 5, 2009 01:35
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CornHolio posted:It would though. I don't see my wife at all Monday thru Friday. We're already hardly a family. Take half of the weekend away, I might as well get a divorce because I think few marriages would survive that. Few marriages survive drowning in debt as well. Seriously, I'm surprised that you two are still together. Talk to your wife and think about it. poo poo, from what I hear, it's hard for most people to even get ONE job, let alone two. Isn't this some sort of miracle sign or something?
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Jun 5, 2009 05:04
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Hey Cornholio - How's this going to gently caress up your company? http://news.yahoo.com/s/nm/20090608/bs_nm/us_gm_trucks quote:GM to halt medium-duty truck production
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Jun 8, 2009 20:48
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Chimming in late, but that NY times article is hilarious. What whould make someone with a take-home of $2770 take on a monthly mortgage payment of $2500? What did he think was going to happen?
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Jun 8, 2009 21:40
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il serpente cosmico posted:Chimming in late, but that NY times article is hilarious. What whould make someone with a take-home of $2770 take on a monthly mortgage payment of $2500? What did he think was going to happen? The housing market would go up, he could sell it later for a profit or refinance.
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Jun 8, 2009 21:57
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slidebite posted:Hey Cornholio - Our customers do, but they'll just build on Fords instead. Our customers build on GM, Ford, Sprinter, Bluebird, Thomas, and various custom chassis. It might hurt us, but as long as states need ambulances and busses we won't be hurt too bad.
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Jun 9, 2009 01:05
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