Layout:
Home > Organizing finances, some concerns

Organizing finances, some concerns

January 22nd, 2012 at 12:12 pm

Thanks for some feedback on rewards, SA! I think I will continue to let the rewards grow for now, and then dump them in the EF when it gets big enough. I will track it, though, so I know what I've earned for the year. I'll add that to my blog side bar, and update periodically throughout the year.

I added another $5 rebate check to the family cruise fund, making $482. I started this account in 2011, so those rebates add up over time. When we first started the account with rebate checks, I remember when it was like $40, and we would say things like, ok, we can buy lunch at Disney World now. When it got to $100, we could cover one night in a hotel, that sort of thing. Now that the cruise is booked, it is very exciting to see my rebates going towards a big cruise ship!

My rental place is operating smoothly, and our finances our on track for now. Our biggest concern is the house when SO gets new military orders next year. It is still over a year away, but she wants to get the house in order. The HOA is very strict on rentals, and they may not grant her permission to rent it out if the quota of rentals has been met. Then she will be forced to sell, but there have been some short sales lately which have just dragged the prices down in the neighborhood. There is no way could we sell at that price, SO would have to join the ranks of short sales/foreclosures. And some of these short sales have been sitting empty in the neighborhood for over a year. It's scary, and I'm trying not to get ahead of myself. But that is why we are starting to communicate with the HOA now, a year and a half prior.

3 Responses to “Organizing finances, some concerns”

  1. Amber Says:
    1327244683

    Wow those rebates do add up over time Smile

  2. Petunia 100 Says:
    1327254211

    I think it is smart to communicate with the HOA now. I understand why they want to keep a certain number of homes owner occupied, as that tends to make the neighborhood nicer. However, a glut of short sales is very bad for property values. In your case, since SO will have no choice but to move elsewhere, they should consider making an exception. Depending upon the bylaws, they may need to pass an amendment to make it possible. Or, they could "reserve" one rental slot for you.

  3. frugaltexan75 Says:
    1327275257

    Have a great time on your cruise!

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]