Given the state of the real estate market I've decided to stay put another year. Of course that depends on things staying the way they are today. Here's my reasoning. Let the market recover and regain value in my home. In the meantime I will continue not buying anything and making due with what I have (as best I can) for another year in order to get rid of my 2nd mortgage. That will only take until April 2010 at the most! I think it's a good way to go.
I am subject to change my mind if things change or I decide on a better way to go. For now, this is my plan. I won't plan any further than that because there are too many variables.
It's amazing to see how you can really get rolling on debt elimination. I use the snow ball method and have been doing this since May 2007. You can do your own at this web site. It's for free. Of course you can use a spreadsheet. I use two spreadsheets; one for my monthly budget and one for category savings. I use the website to keep track of my snowball. It takes time and commitment but the end results are worth it.
That's my story and I'm stickin' to it.
Read the truth about debt. Click here.
Today, tell yourself NO and tomorrow you'll enjoy the fruits of your labor!