Eyes Wide Open

[DUMBAGAIN]

As I check my 13network info this month, I realize that even though being in this situation is no where close to fun....we are making it, hard sometimes but making it and I also realize that if I can pay this much money to the trustee in just 14 months, if we would have been banking all that money for a few years, this would have NEVER happened! When we are done, we plan on putting our Chapter 13 payment right in the bank, at least for a while.

Hind sight, sometimes is a wonderful thing!

Hope all is having a great day!

[tobee43]

GREAT saving plan....congrats on thinking about your future!!!

this MONTH is the first time we are putting away emergency money...whoppppppeeeeee!!! it's NOT much but at least it is something!

[boochase]

Interesting point. Basically, with my Plan and probably everyone else based on DMI, one is paying their "savings" each month to the trustee. Believe it or not, if you own a home, you have hidden savings. In my case, I have one of those "option ARM's." My interest rate is just under 3%. With my HELOC, the interest rate is 2.25%. I look at the amount of principal being paid and it is amazing: it is actually greater than the amount of interest paid. I am saving close to $7200/year. My plan payment is $98/month for 5 years. Interests will stay low for at least five years. So, consider your real savings if you own a home (not to mention tax savings as well).

[cspa522]

It's so refreshing to hear this from someone, rather than bad things! I sit here, currently with a horrid headache and stomachache, all from stress over filing and getting it all taken care of. We're less than a month away from filing, and I still have so many doubts and questions, it nearly brings me to tears sometimes. Thanks for the positive energy and spin. I sure can use it!