The 24 Plan

You might be asking yourself at this stage what does any of this (the last few posts) have to do with being Pagan, living a Pagan lifestyle or communing with Hawks, Owls and Vultures? Well it has quite a bit to do with it because it is a huge turning point in our life, the axis which will align many stars and change the course of planets.

Our largest debt is on our house mortgage. The house takes up one of our two paychecks each month due to its high amount. Because I’m doing taxes, I have on hand some illuminating numbers:

Expense Item Annual 2014 Goal 2017
House mortgage $20,100 $12,000
Real Estate Taxes (included in mortgage exp) $2482 $800
Utilities (gas, electric, water, trash) $5787 $1500
TOTAL HOUSING $28,369.00 $14,300.00

To sell the house, we have to repair the house. To repair the house, we need money. Now we have money.

Starting March 1st we go to the plan we are calling 24 -24 months to get this house ready to sell and go on the real estate market. The countdown begins in two weeks!

When the house is sold, we plan on buying land and downsizing our 2700 sq. foot house to less than 1,000 small home. The ultimate goal is to get a monthly housing expense (land, utilities, mortgage) to less than $800 a month.

We have a large equity in our home, that if we can sell for what I hope, we could probably put down 1/2 on land AND build a house if it was less than $20,000. At the time this plan goes into effect, our son should be graduating college and daughter transferring to her four year college so our household will be cut in half in terms of expenses for food and utilities as well as living space (square footage) needed to keep us all sane.

Side note: other expenses will rise such as paying for college dorms, helping son get moved and established in a new job – I expect some shifting in the finances, not necessarily an across the board decrease however, living is a huge chunk of monthly, reoccurring expense and what I must cut heading into the end of our working lives before retirement.

My entire energy has to be directed towards getting this house ready! Because it fulfills a 20 year old dream of living in the country, having my horses with me, being able to see nature everyday and deeply satisfying a hunger for my own land that I have had since I was at least 8 years old.

The bankruptcy unexpectedly finishing was like the greatest gift I have been given in a very long time. Whatever, stars aligned for this happen I am deeply appreciative.

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