Saturday, July 3, 2010

A Light Shining Through The Darkness

I put up stiff resistance to the crushing doubts in my ability to meet the challenges of making repairs to the house. Looking over the plan I had created I saw that I really needed only $350 to get started. I could request estimates if I was assured of having that amount. While I was wracking my brain the idea kind of slipped into my head full grown. It was based on ideas I already had but not acted on.
I have maintained a mini storage unit for over ten years. The unit was the base of my painting business operations up until I stopped accepting work. In the year or two leading up to the stopping point I had crammed some junk I inherited or otherwise could not let go of from the sale of my parents' house. Becky's sons had used it to store their stuff in. I had the remnants of my old business and boxes of company records in there, junk from the old houses, Mike and Dan's leftover junk, and junk I have taken out of the house, here. $83.85 per month down the sewer.
It was clear to me... close out the mini storage and put the $83.85 a month into an account for home improvement. There was my funding stream. Next is the need to sell Becky on the idea. What I propose is to transfer $350 from savings into a new checking account as a start up loan. I will deposit the check I have ready for July rent in there as well. Then, beginning July 25th, I will make monthly payments back into the savings account to repay the loan and with a little interest. So, if Becky approves and we can find a gutter installer to come in under budget, we can soon have that very important, very crucial repair of the back door under way.
Here is my loan analysis:

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