<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Archive: June, 2012
 

Archive for June, 2012

Refinancing Car & Skipping Payments

June 27th, 2012 at 09:32 am

Last week, my credit union that I have my auto loan through, which is located in Idaho, sent me a letter saying that they would allow me to skip my July auto payment if I wanted to, with the exception of a $29 "processing fee". Normally, I would not do this. Obviously, this is just one way for them to make money. But hey, we could use the extra money to put toward our tires fund, which has plateaued at $241. And, we intend to pay the auto loan off with taxes this coming tax season (balance is currently $2,900).

Then, just yesterday, I got a letter from my current credit union (whom I have my checking, savings, and a credit card through). This letter stated that I was pre-qualified for a $20,000 auto loan, 60-months, no payments for 90 days, and at only 3.49%. Offer expires August 18th.

Just the offer itself is awesome, because it is a bit of a pat on the back to me for doing so well, when we have so little to work with.

So here is what I am going to do. I will skip the July payment (sans the $29 fee) with that credit union, then refinance the car through my current at the beginning of August, and skip three months of payments.

Like I said - normally, we would not do this. But the car desperately needs tires. I think it's a pretty good deal. And most of all, I am proud of my credit score. Smile

Our WSG bill is highway robbery!

June 24th, 2012 at 12:50 pm

This is one of the reasons our living expenses (rent, wsg, electric) equals 60% of our income (inexcusable!).

Here is the rundown of the bill:
Bill Date: 6/12/2012
Due Date: 7/1/2012
Service From: 3/1/2012
Service Thru: 4/1/2012 (yes, you read right - billing is TWO months behind)

W/S ADMIN FEE ............ 2.30
TRASH ADMIN FEE ........ 0.25
HOT WATER ENERGY ... 29.77
TRASH SERVICE ............. 6.86
COLD WATER SERVICE .. 10.33 .. 2130 prev. read, 4470 cur. read, 2340 used
HOT WATER SERVICE ..... 6.91 ... 1580 prev. read, 3590 cur. read, 2010 used
COLD SEWER SERVICE ... 24.94 .. 2130 prev. read, 4470 cur. read, 2340 used
HOT SEWER SERVICE ..... 20.54 .. 1580 prev. read, 2340 cur. read, 2010 used

Amount Due: $101.90

There are quite a few red flags here, to me.

1. Hot Water Energy? I am told that this is the rental fee for the boilers that every tenant shares. The boilers are on the roof. No in-unit water heaters.

2. Why are Cold Water and Cold Sewer the same?

3. Why are Hot Water and Hot Sewer the same?

4. What the hell is "Hot Sewer"?


Needless to say, we are not pleased in the least bit with these living facilities. And I work here... We would love to move out, but we have absolutely no wiggle room (I have to work overtime just to pay the bills), the wife has been looking for kid-friendly work for months, and - because we have no wiggle room - we do not have deposits to move out.

Ugh. Endless circle of fail.

When is it worth it to move to save money?

June 10th, 2012 at 12:23 pm

Our total living costs (rent, W/S/G, electric) come out to 59% of our monthly income. This is simply unacceptable. However, it was what we could do in a pinch when we had to move 600 miles for this new job. Hey! It was nice. As an employee, I didn't have to pay any deposits, and we get a 20% discount, plus any specials currently going on.

But now that I am somewhat settled in my new job, I would like to look into other options.

Living in an apartment is not ideal. Especially with our little dog - she is so bad! She hates other dogs (unless they're in our house), and barks when we are gone (even with the muzzle on), and barks at everything and everyone if we take her with on a cool day and leave her in the car. So, having a yard sure would be nice. However, we simply cannot find any nearby - even outside our price range; it's like they don't exist! Not what I am used to.

We spotted one rental that was the entire upstairs of a nice craftsman home that would have saved us about $150/mo. Move-in fees came to $785 (cheapest I have seen yet). However, that would take us about 5.5 months to save all that money back up. Plus U-Haul, which would only be $20 (in-city move) + fuel.

Another option is moving into another property that is owned by this company. Same deals apply. And, since I work just across the street (actually, driveway) at another property, we could move there. Rent is cheaper, but also the amenities are slightly less. The cabinetry and floors are uglier, the kitchen faucet does not have the pull-out sprayer, but everything else is the same.

Anyways, I sort of wanted to start a discussion, so I am posting a corresponding post in the forums. [ur=http://www.savingadvice.com/forums/personal-finance/66640-when-worth-move-save-money.html]Go see it here[/url]! Otherwise, go ahead and leave your comments about our personal situation here. Smile