Comments on: A New Twist to Selling the Van – A Bailout Plan http://www.thehappyrock.com/2008/10/09/a-new-twist-to-selling-the-van-a-bailout-plan/ Getting out of Debt, Getting off the Couch, and Getting into Life Sun, 29 Jan 2012 16:23:20 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Lesley Brown http://www.thehappyrock.com/2008/10/09/a-new-twist-to-selling-the-van-a-bailout-plan/comment-page-1/#comment-6615 Lesley Brown Wed, 29 Oct 2008 15:16:50 +0000 http://www.thehappyrock.com/2008/10/09/a-new-twist-to-selling-the-van-a-bailout-plan/#comment-6615 Freedom is priceless! Freedom is priceless!

]]> By: Marcia Release http://www.thehappyrock.com/2008/10/09/a-new-twist-to-selling-the-van-a-bailout-plan/comment-page-1/#comment-6465 Marcia Release Sun, 19 Oct 2008 18:46:39 +0000 http://www.thehappyrock.com/2008/10/09/a-new-twist-to-selling-the-van-a-bailout-plan/#comment-6465 Aren't mum's brilliant! Sell your van and let your mum spend this money on herself - my two pence worth anyway Aren’t mum’s brilliant!

Sell your van and let your mum spend this money on herself – my two pence worth anyway

]]> By: The Debt Defier http://www.thehappyrock.com/2008/10/09/a-new-twist-to-selling-the-van-a-bailout-plan/comment-page-1/#comment-6449 The Debt Defier Sat, 18 Oct 2008 01:29:15 +0000 http://www.thehappyrock.com/2008/10/09/a-new-twist-to-selling-the-van-a-bailout-plan/#comment-6449 A BIG thank you goes to everyone who left a comment. (I've been having some technical glitches which have been stopping me from commenting, but changing log-ins seems to have fixed that.) Instead of replying to everyone like I have been doing, I just made a whole post: http://www.thehappyrock.com/2008/10/17/accepting-the-bailout-for-the-van/ A BIG thank you goes to everyone who left a comment.

(I’ve been having some technical glitches which have been stopping me from commenting, but changing log-ins seems to have fixed that.)

Instead of replying to everyone like I have been doing, I just made a whole post:

http://www.thehappyrock.com/2008/10/17/accepting-the-bailout-for-the-van/

]]> By: Accepting The Bailout For The Van | The Happy Rock http://www.thehappyrock.com/2008/10/09/a-new-twist-to-selling-the-van-a-bailout-plan/comment-page-1/#comment-6441 Accepting The Bailout For The Van | The Happy Rock Fri, 17 Oct 2008 18:14:21 +0000 http://www.thehappyrock.com/2008/10/09/a-new-twist-to-selling-the-van-a-bailout-plan/#comment-6441 [...] subscription to receive free updates. Thanks for visiting!I received a ton of good comments on my last post about my bailout option.  They were loaded with valuable input. I am constantly thankful for how nice it is to have [...] [...] subscription to receive free updates. Thanks for visiting!I received a ton of good comments on my last post about my bailout option.  They were loaded with valuable input. I am constantly thankful for how nice it is to have [...]

]]> By: Mario Spiele http://www.thehappyrock.com/2008/10/09/a-new-twist-to-selling-the-van-a-bailout-plan/comment-page-1/#comment-6427 Mario Spiele Thu, 16 Oct 2008 14:05:19 +0000 http://www.thehappyrock.com/2008/10/09/a-new-twist-to-selling-the-van-a-bailout-plan/#comment-6427 Is it possible to get a nicer car right away after selling the van? I am sure if you are already paying $330 a month for the van, a newer car can't have payments too much more. Of course, I don't know your finances, but I would avoid borrowing from your mother, what she is telling you seems a bit tricky since she doesn't really have all the numbers correct as you said. Sounds like a tough situation, and I hope you find a good resolution . . . you may be learning from your mistakes whichever way you choose! ;) Is it possible to get a nicer car right away after selling the van? I am sure if you are already paying $330 a month for the van, a newer car can’t have payments too much more. Of course, I don’t know your finances, but I would avoid borrowing from your mother, what she is telling you seems a bit tricky since she doesn’t really have all the numbers correct as you said. Sounds like a tough situation, and I hope you find a good resolution . . . you may be learning from your mistakes whichever way you choose! ;)

]]> By: plonkee http://www.thehappyrock.com/2008/10/09/a-new-twist-to-selling-the-van-a-bailout-plan/comment-page-1/#comment-6413 plonkee Wed, 15 Oct 2008 11:47:50 +0000 http://www.thehappyrock.com/2008/10/09/a-new-twist-to-selling-the-van-a-bailout-plan/#comment-6413 Who's decision is it to sell the van? The string attached is that you have to use the money to pay for the van. You can't use it to pay for something more important. It's unlikely that your mother is in full posession of the facts of your situation. If the best thing to do is to sell the van, then sell it. Who’s decision is it to sell the van? The string attached is that you have to use the money to pay for the van. You can’t use it to pay for something more important. It’s unlikely that your mother is in full posession of the facts of your situation. If the best thing to do is to sell the van, then sell it.

]]> By: stocks http://www.thehappyrock.com/2008/10/09/a-new-twist-to-selling-the-van-a-bailout-plan/comment-page-1/#comment-6406 stocks Tue, 14 Oct 2008 16:28:39 +0000 http://www.thehappyrock.com/2008/10/09/a-new-twist-to-selling-the-van-a-bailout-plan/#comment-6406 Having just found the site, and not knowing too much, I feel silly offering up, but I would say to decline the very gracious offer. "no mom, thank you very much, but by getting rid of the van, we save money on a car payment, and our insurance will be lower in the long run, and will be more financially sound as we are not living beyojnd our means like you taught me to not do" heeh, nice gracious answer to a great offer... what ever you do, i wish you luck in it. Having just found the site, and not knowing too much, I feel silly offering up, but I would say to decline the very gracious offer. “no mom, thank you very much, but by getting rid of the van, we save money on a car payment, and our insurance will be lower in the long run, and will be more financially sound as we are not living beyojnd our means like you taught me to not do” heeh, nice gracious answer to a great offer…
what ever you do, i wish you luck in it.

]]> By: Moments of Fame « Funny about Money http://www.thehappyrock.com/2008/10/09/a-new-twist-to-selling-the-van-a-bailout-plan/comment-page-1/#comment-6405 Moments of Fame « Funny about Money Tue, 14 Oct 2008 15:40:40 +0000 http://www.thehappyrock.com/2008/10/09/a-new-twist-to-selling-the-van-a-bailout-plan/#comment-6405 [...] about the four (!) layoffs he’s been through during his working life. At The Happy Rock a family exchange is going on that reminds me of myself and M’hijito… Free Money Finance has got his [...] [...] about the four (!) layoffs he’s been through during his working life. At The Happy Rock a family exchange is going on that reminds me of myself and M’hijito… Free Money Finance has got his [...]

]]> By: celticbuffy http://www.thehappyrock.com/2008/10/09/a-new-twist-to-selling-the-van-a-bailout-plan/comment-page-1/#comment-6358 celticbuffy Sat, 11 Oct 2008 14:45:16 +0000 http://www.thehappyrock.com/2008/10/09/a-new-twist-to-selling-the-van-a-bailout-plan/#comment-6358 O.M.G. I just about fell out of my chair upon reading this post! My advice to you, take it or leave it, is to continue with the plan you've set for your family. It sounds so good and tempting but I know a bit more of your history and my gut says that the less you are beholden to anyone else, the better. No matter what, there always seems to be a certain amount of control that you relinquish when you accept a monetary loan or gift from friends and family. I know that part of it is your money from your dad but if you can leave that alone, that might be a good thing. Can you possibly take your $5000 that your mom is holding for you and put it in a high yield savings account to have a nice start to your emergency fund? Taking the offer from your mom is something that I would hold off on unless the situation becomes extremely dire. O.M.G. I just about fell out of my chair upon reading this post! My advice to you, take it or leave it, is to continue with the plan you’ve set for your family. It sounds so good and tempting but I know a bit more of your history and my gut says that the less you are beholden to anyone else, the better. No matter what, there always seems to be a certain amount of control that you relinquish when you accept a monetary loan or gift from friends and family. I know that part of it is your money from your dad but if you can leave that alone, that might be a good thing. Can you possibly take your $5000 that your mom is holding for you and put it in a high yield savings account to have a nice start to your emergency fund? Taking the offer from your mom is something that I would hold off on unless the situation becomes extremely dire.

]]> By: The First Creditor http://www.thehappyrock.com/2008/10/09/a-new-twist-to-selling-the-van-a-bailout-plan/comment-page-1/#comment-6355 The First Creditor Sat, 11 Oct 2008 11:23:36 +0000 http://www.thehappyrock.com/2008/10/09/a-new-twist-to-selling-the-van-a-bailout-plan/#comment-6355 I have seen, first hand, the strings attached to this sort of offer, however, I must diverge from the prevailing consensus. If your mother is in a situation to help you, and you feel the relationship can handle it, take the gift. It may be true that learning the hard way will impart a lesson, but must we always learn the hard way? And why must we look at our parents as a different entity? Because we're considered children if we don't? Pride. If your goal as a family is to get out of debt, and live a financially responsible life, why can't your mother do her part to help? I have seen, first hand, the strings attached to this sort of offer, however, I must diverge from the prevailing consensus. If your mother is in a situation to help you, and you feel the relationship can handle it, take the gift. It may be true that learning the hard way will impart a lesson, but must we always learn the hard way? And why must we look at our parents as a different entity? Because we’re considered children if we don’t? Pride. If your goal as a family is to get out of debt, and live a financially responsible life, why can’t your mother do her part to help?

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