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Home > It is happening - time to get the 12 months EF completed.

It is happening - time to get the 12 months EF completed.

September 29th, 2010 at 10:27 am

Well I got word this morning that I have basically a little less than a year until I will be handed my first year long overseas assignment.

This means to make things run smooth back here for my Son and myself, I need to get my Emergency Fund Completed.

I will need to either rent out my house, get a company that takes care of vacant houses or ideally my XH will move back into it. This would require him to move back into state. If he could do this early it would work out best.

Right now his school should be complete in October/November 2011. I leave for Assigment in Sept. I am hoping that he can finish early so he could move into the house and then our son would not have to leave his home or his school. I guess worest case even if XH says he will not return until October that is only 2 months that my son would have to stay with my cousin as long as my XH is not set on staying out of state even though that would not be in the best interest of our son.

I have all my bills already on autopilot. If I rent out the house then I will need to get a managment company so that they can pay the bill for me while it is not being rented. If I just find a company to mow the grass, shovel the snow so it does not look vacent then the autopay would stay with only a few things getting cancelled (internet and telephone). If my XH moves in then nothing will need to be changed except changing the name of the cable bill so that he can add TV or make changes as needed.

If my son ends up staying with my cousin for a few months or for the year I am gone than I need to open a joint savings account so that I can get her a debit card to pay for clothes etc for my son and to pay her for taking care of him.

I will be out of country so I want to make sure I have my life insurance in order, I want to make sure I have enough and that is will be valid IF something would happen while I am working.

Now the $$$ breakdown:
#1. 3,000 in checking so that the few bills that would continue to be pulled from my checking account can without any action by me.
(I have been through this too many times that I KNOW that there is always a glitch with the pay-either it is slow getting started or you are paid less than you are suppose to in the beginning, so I need to be able to just ride it out).

#2. 2,695.70 into my escrow account ( I will need to figure out a way to get my house taxes and insurance paid without any action by me).

#3. 5,233.06 into my mortgage account so that my mortgage can continue to be pulled automatically without any action by me.

#4. Pay in Full Credit Card.

#5. ??? into E.F. For anything that Might happen that is not planned for (house repairs etc)

1 Responses to “It is happening - time to get the 12 months EF completed.”

  1. creditcardfree Says:

    Is this deployment or overseas PCS? Best wishes!!

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