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Big changes ahead

January 4th, 2010 at 09:47 am

Well, its official... we're moving to the West (not so much Coast).

Middle of nowhere, but thats what DH wanted. To be back West.

Not sure what to do with this house. If we short sell it will trash our credit, but if we rent it out - it'll be at a $500-$700/mo loss. Otherwise we have to estimate coming to the closing table with $80K.

We could deal with the $500-$700/mo loss. But trashing my credit score with a short sale be a tough one.

With my degree in accounting, maintaining a good credit score is important to me if I want to get a job in the field.

So we'll see.

On top of that, the base itself is so remote that they don't have internet available except dial-up and satellite. The nearest town that has DSL that would allow me to keep my job, is 50 miles from the base.

The schools are better there, but still - that is a 1 hr and 15 minute drive and sometimes longer depending on the weather during the winter months.

Its close to my Mom, and 12 hours away from my brother, and my Aunt could visit us easier - so thats a positive.

But I've also been informed we may need to look at getting a 4WD vehicle. We just got DH's car less than 6 months ago and it'll be paid off in a year. For a brand new car, I made him promise it was the LAST car he was getting till he retired.

Well, obviously something has to change. And we really don't want to get rid of the car since we plan on keeping it after this next duty station... so we plan on trying to find a beater car with 4WD to use during the winter months.

So these will all be big changes, but I have two hopes for this year:

To pay off both of my credit cards

To have our TOTAL debt (including homes) under $700K this year. To put that into perspective, we are currently at $740K. $11K of that will be paid off in the next couple of months.

Stressful, but we're going to try to find a rental home in the new area. Dh will have to commute the 1 hr and 15 minutes, but the commute seems unavoidable regardless because the area is so remote.

However, living in the larger town will allow me to keep my job and IF I ever did lose my job, there are CPA firms in that town & the next town over that I could try to get a job.

5 Responses to “Big changes ahead”

  1. DeniseNTexas Says:

    Wow, that's a major change..a few of them in fact! Keep us posted on things and good luck in all this!

  2. creditcardfree Says:

    Best wishes from me! We would do the same thing: live in the larger town and have my husband commute. Good idea to buy a used 4WD, too.

  3. fern Says:

    A lot to think about. Good luck with everything.

  4. Broken Arrow Says:

    That is quite a change. Why does your hubby want to move? Anyways, good luck!

  5. ambitioussaver Says:

    Military... and nothing was open on the East Coast. Plus we're not really East Coast people. Its also closer to family & support. Its pretty lonely out here on the East Coast by ourselves & too poor to visit any family out West.

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