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My new 5 year plan :)

So I low-balled and figured that if I sell my place in 2006...this might be my outlook...

Money I get to keep$112,780
School Loan 1$8,000
School Loan 2$7,000
My brother$4,000
My New Car$18,000
Down Payment for new house$50,780

Now of course...this is merely a goal...I have not factored in pay increase, bonuses, or what else may come my way. School Loan #1 will be paid off with that money, come hell or high water...School Loan #2 is negotiable on how much I put towards it, but at least $5,000+ would be nice to help pay it off. I figure by the time that comes around I will have about $8,000-$10,000 more to pay on that loan. My brother, gotta pay him back...my mom? Well...she may not take all the money or she may tell me to keep it for my wedding (as that is the promised amount she said she would give me). My new car... ;) I will also be trading in my old one which I hope to get about $1000-2000 on that. However, the down payment for my car is also negotiable...it depends on what I buy and of course it depends on what's going on. If I'm getting married I put less than that on the down payment to pay for the wedding :) As for the down payment for a new house...if I am getting married it is debatable if I will be getting a condo or a house...if it's a condo I figure we could spend about $250K-$350K on it...I put my amount he puts forth his. If we got a condo it would be nice to live there for a few years and rent it out for extra mortgage later in a fairly up and coming area. If we get a house, same thing, except we probably wouldn't rent it, but just sell it later down the line.

This of course is all speculative...but it's a plan and a goal I hope to reach. :)Yeaaaaa


( 4 comments — Leave a comment )
Feb. 6th, 2004 08:35 am (UTC)
Sure as hell beats the budget that President Bush just published!
Feb. 6th, 2004 12:46 pm (UTC)
hehe...that's because he got monkeys to write the budget! :D
Feb. 6th, 2004 10:21 am (UTC)
YAY STEWIE!!!! hahaaaahaa!!

Chris xx
Feb. 6th, 2004 12:46 pm (UTC)
And Brian :)
( 4 comments — Leave a comment )