11/28/2011

Tracking Bars Updated

Posted by with 5 comments | in ,
Just a quick update this morning -

We are now permitted to spend the funds we had been required (by our bank) to allocate to closing costs.  While Jordan and I knew that our closing costs would only be beer/pizza/uhaul rental (so max $500) we were required to have 1.5% of the value of the mortgage available for closing costs.

Jordan and I have moved some money into our emergency fund, Christmas fund, and new home furniture fund as well as made a large credit card payment.

yay!

Related Posts:

  • Our Homes Updated ValueI have been waiting to write this post for a long time.  This is the post where I get to tell you that our homes value has dramatically increased since we bought it in December, 2011. Up until this point, I have been us… Read More
  • Are we really going to buy a condo?A few weeks back, I told you that Jordan and I were discussing an investment property, specifically buying a Condo. We have narrowed it down to which development we are interested in based on quality, marketability, rental … Read More
  • Mortgage PaymentsIt's so so sooo tempting to increase our mortgage payments - but with the loan sitting at 3.39% and our Escape at 6.90% - it's hard to justify that over the Escape.  But now that we've changed our payment scheduled to ac… Read More
  • Updated: The Big Backyard Project The first deposit has been paid ($750 for the fence, and the work has begun!  Jordan and I are both working  so we can't see the work being done, but our lovely neighbor is taking photo's for us and shari… Read More
  • The Big Backyard Project is Done!! Check it out! The final piece to the project is done! … Read More

5 comments:

  1. Jessie28 November 2011 at 11:14

    Thanks so much!!

    ReplyDelete
  2. Anonymous29 November 2011 at 06:40

    Closing costs are normally legal fees, title transfer, agent commission etc - was that not included in your "closing costs" with the builder?

    joanne

    ReplyDelete
  3. Jessie29 November 2011 at 07:48

    @ Anon - yes, you're right - normally closing costs consist of the things that you mentioned. Jordan and I built new and our builder assumed all of those costs :D That's why our only expense was the truck rental, pizza and beer.

    ReplyDelete
  4. Anonymous29 November 2011 at 09:14

    Hey Jessie -
    DO you have actual mutiple savings and bank accounts for each of your funds? We are just starting a renovation budget/savings and aren't sure how to go about it. Right now All we have is a joint chequing acct (for mortgage) and we each have individual bank accounts and 1 savings accounts each that we use as our emergency funds accounts. Just wondered what you would recommend.
    Thanks!

    ReplyDelete
  5. Jessie29 November 2011 at 09:41

    @ beingirene - we use ING (so just the one bank) and then we have several accounts with them to keep everything seperate

    ReplyDelete

Hi! Thank you for stopping by and leaving a message.

Subscribe to: Post Comments (Atom)

Links ♥

Followers