Debt Dumpers 2025

[Gr8t Fan]

so anyone else starting to go over their year end numbers and plot out their new year's budget? i'm looking at what I had budgeted vs actual costs and making some adjustments to auto transfers I have set up between my checking and sinking accounts. it's difficult with the way prices are these days to estimate how much some costs will increase so i think I'm just going to add (ideally) more than I think I will need and if at this time next year if there's any excess it can roll over into the following year.

Definitely adding $100 - $150 a month to our grocery and insurance allocations. The only direction they've been going is up, up, up!

 

[amalone1013]

so anyone else starting to go over their year end numbers and plot out their new year's budget? i'm looking at what I had budgeted vs actual costs and making some adjustments to auto transfers I have set up between my checking and sinking accounts. it's difficult with the way prices are these days to estimate how much some costs will increase so i think I'm just going to add (ideally) more than I think I will need and if at this time next year if there's any excess it can roll over into the following year.

Hoping to do this this week so DH and I can review next weekend. Found out this month our HOA dues are doubling

 

[barkley]

Hoping to do this this week so DH and I can review next weekend. Found out this month our HOA dues are doubling

are they doing some kind of large scale repairs or improvements?

 

[amalone1013]

are they doing some kind of large scale repairs or improvements?

We have a community well for water. The system is over 20 years old now so repairs have gone way up along with cost increases. When the current board got in a few years ago, they found the previous members weren't doing anything when people didn't pay, and they were really juat maintaining/ running in the negative each year and covering it from the reserves. The new board also had to put in a new well which ate into the reserves because more homes had been built and the old couldnt support demand. They've done some things to optimize and minimize costs but they are increasing to cover increased maintenance and rebuild reserves. Its going from $50 to $100 a month. Its a very hot topic on the neighborhood Facebook page...

 

[barkley]

We have a community well for water. The system is over 20 years old now so repairs have gone way up along with cost increases. When the current board got in a few years ago, they found the previous members weren't doing anything when people didn't pay, and they were really juat maintaining/ running in the negative each year and covering it from the reserves. The new board also had to put in a new well which ate into the reserves because more homes had been built and the old couldnt support demand. They've done some things to optimize and minimize costs but they are increasing to cover increased maintenance and rebuild reserves. Its going from $50 to $100 a month. Its a very hot topic on the neighborhood Facebook page...

holy cow! wells are freaking expensive-whenever we hear one being put in around us we cringe at how much each CLANG is costing the property owner. I'm surprised new homes were even allowed to be built in your situation-we are all on private wells where I live but the state and county are crazy restrictive on so much as how many bedrooms a house can have if there's a well (you don't want to know how much a well study runs). we are at the time of year when people ardently pray for no power outages b/c if they don't have a generator hooked up to their well pumps to keep the water flowing they risk losing their well pumps, piping and all their household pipes to freezes (we were a brisk 14 degrees when I woke up this morning ).

your former HOA board is lucky no one has rallied the troops to go after them for failing in their fiduciary responsibilities.

 

[amalone1013]

holy cow! wells are freaking expensive-whenever we hear one being put in around us we cringe at how much each CLANG is costing the property owner. I'm surprised new homes were even allowed to be built in your situation-we are all on private wells where I live but the state and county are crazy restrictive on so much as how many bedrooms a house can have if there's a well (you don't want to know how much a well study runs). we are at the time of year when people ardently pray for no power outages b/c if they don't have a generator hooked up to their well pumps to keep the water flowing they risk losing their well pumps, piping and all their household pipes to freezes (we were a brisk 14 degrees when I woke up this morning ).

your former HOA board is lucky no one has rallied the troops to go after them for failing in their fiduciary responsibilities.

I'm not sure if there are any restrictions out here, that would be interesting to know. My ILs have their own well, in 2017 discovered it had a crack and water from the pond behind them was leaching in. They put a sleeve on it which worked but I belive was $10k and not guaranteed to work. If it had failed they would have had to drill a new well.