Selling the Jeep

Posted: August 30, 2011 in Christian Living, General Life
Tags: , , , , , , ,

My Jeep - stalking prey in it's natural environment

I love Jeeps.  In fact, I’ve had 4 of them (if you count the Grand Cherokee I had for 6 months).  If you count my wife’s Jeep, then I’ve had 5.  My current Jeep is a 2006 Wrangler Rubicon.  I love it, it’s by far the nicest one I’ve owned.  I had a CJ-5 in high school and I bought a CJ-7 just a few years ago.  I got rid of it and the Grand Cherokee to get the Rubicon when I decided owning 2 Jeeps was pretty unnecessary.  My love for Jeeps runs so deep, I even married a girl who owns a Jeep (hers is a 2007 Wrangler Unlimited for those keeping track).  Granted, that’s not the only reason I married her, but it was a pretty sweet selling point.

Now that I’m married, I have been thinking a lot about finances, specifically debt, and wondering if making payments on two Jeeps is a smart idea.  My wife and I have two car payments, a motorcycle payment, credit cards and student loans.  I understand that it’s not so abnormal to owe lots of people money.  In fact, I would venture to guess that you are in a similar situation. Although debt is normal, normal does not seem to be working anymore.  At least not for me.  I see a lot of people around me who are struggling financially, but have no plan of escape, and don’t have any idea how to even start to dig free.  I want to be in charge of my financial life.  My wife and I decided to take Dave Ramsey’s Financial Peace University course and in it, we are learning about how to look at money from a different perspective.  To be honest, we just started the course, but it has already taught us a lot about money, retirement, debt, emergency funds, credit cards and savings.

http://www.freedigitalphotos.net/images/view_photog.php?photogid=1499

I put a quarter in, but the loan on the piggy bank is $100 a month

My wife and I have been talking for a few months about our debt and how we plan on getting out of it.  We are both fairly impulsive with our money, and we both want need to make better decisions.  We both want to have more financial freedom and we both want to be able to give money to those who need it.  We also would love to be less tied down by our debt.  We want to be able to move around and do whatever we feel called to do.  We are sick of being stuck by our financial decisions.

We now have a choice to make.  Keep the Jeep because it’s fun, or sell it because it makes financial sense.  If I sell the Jeep, I can make enough money to pay it off and buy a cheap car with the money left over.  How willing am I to get out of debt?  How willing are any of us?  Are you out of debt?  Did you have to make tough decisions?  Are you glad you did?

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Comments
  1. Heidi says:

    Funny that your blog ends with an ad for TV+INTERNET+PHONE for $99.85 a month!

  2. Good questions at the end….
    My husband and I knocked his school debt from 45,000 to less than 8,000 in five years. And besides the school debt that remains, we recently gained debt through buying our first house. But it was a GREAT foreclosure deal 🙂
    I’m very glad about the decisions we’ve made. Hey, if you ever need any ideas…. just let me know 🙂
    Good luck! Wishing the best for you two!!

    • Chris Snyder says:

      Thanks 🙂 It sounds like you guys are on your way! We are at the starting line, but we see the finish line. It’s a little far away, but we can see it. I think that’s the first, and most important thing.

  3. Toby Cline says:

    Hey Fatty, MegaFatty here giving you kudos for making the tough choices to start bringing your finances in order. Ramsey has sure helped Laura and I and I know his principles will help you guys too. One day, if you stick with it, you’ll be able to buy ten Jeeps, and even give a few away! Catch you later Hoss.

    • Chris Snyder says:

      Thanks 🙂 I didn’t know anyone was still reading this blog. Kind of crazy, I guess. Hopefully we can sell the Jeeps and just get out of the rest of our debt. More Jeeps can come much later.

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