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Tough Decision to make

January 26th, 2009 at 09:38 pm

Well, I planned on making two mortgage payments this month, thereby getting it caugh up. I have juggled and moved all that I can. The only way that I see that I will be able to accomplish this is if I take the money that I have been able to save(about $250) and use that. I am thinking that this is the smart thing to do to get my mortgage caught up. Then I won't have that worry any longer and I will be able to start saving again without that fear, with the economy being what it is. I should be able to put the money back if I make my goal on ebay and my husband gives me some more money.

So what do you think? Take the money out of savings and make the payment or leave the money in savings and continue to run a month behind?

8 Responses to “Tough Decision to make”

  1. Analise Says:

    Take the money out of your savings and get caught up. Then focus on savings without having an overdue mortgage payment hanging over your head.

  2. Jaime Says:

    Take the money and make the payment. You can save next month!! Smile You can do it!!

  3. merch Says:

    I agree. Get caught up. Should relieve some stress.

  4. Ima saver Says:

    I agree, catch up with your mortgage!

  5. creditcardfree Says:

    I also agree that you should get caught up with your mortgage payments. Does your husband also own the house with you?

  6. North Georgia Gal Says:

    Thank you guys for the advice. That is what I thought. But being new to this budgeting thing, just wanted to be sure.

  7. North Georgia Gal Says:

    No, my husband does not own the house with me. It was in my name when we got married. We have kept our finances seperate and he kind of pays rent.

  8. starfishy Says:

    Is it possible to make 1.5 payments this month? That way you could satisfy both sides of your conflict - getting closer to being caught up on your mortgage AND keeping some money in savings, since they both sound important to you. Just a thought - good luck!

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