*sigh* Life would be nothing without the twists and turns.
G-man is applying for another job. This one is actually the next step in his career path, and has the potential for growth. Without going into alot of detail about the Government pay scale....which I may have in a previous post but are too lazy to check.....basically he has capped out in his current job. If he stayed in this job for the next 20 years, he would make no more money than he is now (other than federal raises, which have been frozen for 2 or 3 years).
So this is the next logical step. He is currently a GS 8, and this job has the potential to go up to a 12. If he gets it, he would get it as a 9, and hopefully in a year or 2, be up to an 11.
Here is the thing....there isn't actually a job. It is a blanket posting, and IF a job opens, they will pull from a pool of applicants that have already qualified.
Which brings me to our mortgage. Let's just pretend he gets a job and we are going to move. Currently, our mortgage is under water (again!). I am guessing we would need 25k-30k at closing to be free and clear. And that doesn't include any money for a down payment for a new house.
So now I am wondering if instead of concentrating on the "consumer" debt...if we should concentrate on the mortgage? I already know that we won't pay off 30k anytime soon. But if we HAD to go to the Bank of Mom and Dad...it would be that much less.
Most of the debt right now is on auto-pilot. The retirement loan and car automatically come out of the account. Student loan is paid once a month, and we could cut back to the minimum payments. The rest...again, we can just make minimums.
I looked into making a one time bulk payment, to see if that would allow us to "skip" payments for a time. Nope. It comes off the back end.
If I knew for sure this was going to happen, I would cut back on Christmas (I am still hoping that we will have left over money from what we are saving), camp, etc. But to cut it all back and then not have it happen.....eh.
I am sort of in "hoard the cash" mode. If we need it, then it will be there. If we don't, we have a nice chunk to put towards something.
I am not even thinking about a move right now. Ok, I am a little. But I am more concerned with our current house. I have toyed with the idea of having a realtor come in and tell us what needs to be done, so we can work on it little by little. I know part of me is putting the cart before the horse. But I like to be prepared. This could happen in a few months...a year....never. Don't know.