This is just my opinion....
I used to be in the mortgage business. The two biggest factors in determining someone's credit was mortgage and car payments. You never want to be late with either one. Your home life finances are your priority. DVC is (technically) a luxury. You can live without it until you get back on your feet. One of the biggest stressers to a marriage is finances. Preserve your home life and come back to DVC when your situation improves -- and it WILL improve.
Absolutely agree. The past year has been very stressful for us. Everytime we think we've made it over the hump, something happens to bring us back down. This move will hopefully put us well over the hump.
By the way, if you want to buy a 50-point contract cash, the MF is only $20/month. At least in two years you will be able to take a 150 point vacation by banking and borrowing.
I hadn't thought about his, but for right now I need to get our monthly expenses inline with what we can afford monthly.
Stay positive and I wish you the best of luck.
Absolutely trying. My DW is the glass is half full, while I am the glass is half empty. We keep each other inline with our different views. While it's frustrating at times, I am not a quitter.
One last thing -- With the economy as it is, Suze Orman now says that you should keep as much cash in the bank as possible and just pay your credit cards and loans over time. This is so that you have an emergency fund in case you lose your job. I agree with her. Sell your DVC and put that money in an interest-bearing (liquid) account. You always have it there if you fall short one month and need a little boost to pay all of your bills. Just another idea to further confuse you....
I remember back in the 80's when the nightly news would compare savings for the US to Europe and Japan. The numbers were terrible back then. Today there is no question than very few people save for the disaster. The numbers range from 6 months to a year and a half. Once we get past the hump, our plan includes building out 6months to start. Then trickling money in over a 5 year period to make it 18months.
I want everyone to realize this is a minor set back. Simply put, I've lost my way, and needed something like this to help me see the light. What scares me about this is the millions of people (not on disboards, but in the US) that are in the same boat. Living paycheck to paycheck just praying they can recover before they lose their job. While I have tried to take proactive measures along the way, they were never enough. They were always just enough to stave off reality. Well reality is here, and I have it by the horns. Now it all depends on how long it takes to sell our DVC points.
Thank you for the advice.