Tuesday, March 13, 2012

Financial Plan 2012

Our Financial plan for this year consists of paying off cc debt, medical bills and working more on “The Money Pit”. I have already paid some off, but will just start from what I have to pay off now.

CC Debt: 10k  ( We have high hopes of paying this all off this year!) If not it wasn't from lake of trying, and it will be pretty close to be gone!

Medical Debt: Should be paid off next month

On to the house projects…We have already had some work done this year, which includes, having some electrical work done $80 (not our normal electrician,) Paid our contractor 2k for porch gutters, framing the kitchen/dinning room and master bathroom) I want to say that we paid him more and that he did more work then that, but I really can’t remember. I really should start writing these down! Also paid a guy to help with something that he needed a hand with $70. We had a plumber run the plumbing for the master bathroom (which was gutted before we moved in) that cost us over $300 to have done.

What we are having / hoping to have done this year on “The money pit”:

*Rip up the floors and beams in the living room, replace them and the supporting beam to the house ( that isn’t scary at all) And when I say replace I mean new beams and sub floor, we aren’t going to be able to afford new flooring for the living room this year. Our estimate for this is about $3k

*Have the electrical work done in the kitchen **Side note about our electrician** He lives down state PA and has a house here (camp) we take care of it and have housed his four wheelers in our garage in the summer and so he does our electrical work, it has taken time and it gets done when he has time and comes up this way….but it has saves us so much MONEY!!!! He said that he has most of everything that he needs to get the job done… lets go with $200 just in case.

* Dry wall the kitchen, Master bathroom and have some drywall fixed….Husbands father does it for a living so we will just have to pay for the materials, we should find out about how much that will cost this weekend.

*Kitchen cupboards, counter tops, have a pantry built or buy one. We really don’t know how we are designing the kitchen, husband should be coming home this weekend and we plan to take a trip to home depot and have them help us come up with one of two designs and we will pick the one that best fits in the budget. We hope to have most of the kitchen done for $5-6k we will see…lol

So there you have it...

This is what our  "The Money Pit" looks like on the outside now :O)
New porches, siding on the house and garage, windows, new roofs on the porches and on our garage ( which is on the back of the pit) and also had insulation but under the siding because there wasn't any!! Oh also two new set of doors.

This was the "The Money Pit" almost before...the porches are new in this picture. They were falling in and HAD to be taken care of ASAP...it only took us 4 years to get that done...ugh.....when your broke your BROKE!


  1. Great Salt Box house. My husband and I bought older homes and fixed then up and sold them for a profit. What a way to live. Broke and always in a torn up house. I feel for you, but I love the house.

  2. I think you are off to a good start. It may take a while but you have a plan. Keep your eyes on the goal and never give up.