Being a first time Financial Makeover coach I have been blessed with a wonderful family. Kia is a hard working mother who takes care of her two kids, goes to school full time and works as many hours as she can at St. Luke’s South hospital. Jason also works full time, takes care of the kids and still finds time to put together excel spreadsheets about their budget so that they can get a running start to win this contest.
After our first meeting with Jason and Kia they found they had a lot more extra money that they could be saving and using to pay off debt than they had realized. They were overjoyed with excitement thinking that they would have their credit cards and auto loans paid off by May. Most of this has taken place but there has been a rock thrown into the pile. The house they have been renting from family members since they moved to Kansas City is now going up on the market. This has been a huge stress factor for both Jason and Kia. Not only are they having to clean the house top to bottom while working, going to school and taking care of the kids, but also having to take money out of their budget to fix any areas on the house that the realtor r needs them to. All while trying to figure out where they are going to live when the house sells.
The big question is: would it be smarter to buy a house, or rent until there is enough money in the savings for a down payment or if anything goes wrong with a new house?
Posted
by Dana Gering, April 2, 2010 at 10:38 AM | Add a Comment
I've been amazed at how Jason and Kia have taken this contest by the horns. They've embraced some things that they otherwise might not have, and are clearly thinking differently about what their financial future might look like. Kia has been a coupon-queen, and Jason is the quarterback calling the plays. If you are reading their blog, you'll see the destruction they did to their credit cards - GOOD destruction! They are clearly on the right track to achieving their goals, and I feel privileged to get to sit in the front row and watch it happen! It's pretty amazing what can happen when a couple communicates honestly with each other and cooperates toward a shared goal.
Seeing their credit cards turned to shreds - what feeling does that give you? Have you done the same? Or wish you could? _________________________________________________________________________
Investments and investment advisory services offered through CUSO Financial Services, L.P. (CFS), an independent broker-dealer and SEC Registered Investment Advisor are Not NCUA/NCUSIF insured, are Not credit union guaranteed and May lose value. CommunityAmerica Credit Union is affiliated with CFS. Financial Advisors are employees of CommunityAmerica Credit Union and registered through CFS. (Member FINRA/SIPC)
Posted
by Rance Carlson, March 17, 2010 at 1:29 PM | Add a Comment
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