Update on the Gentry Total $ Makeover

February 15, 2010 by admin
Filed under: Finance

I’m writing this post for two reasons; the first to give everyone an update on how are family is coming along with our Total Money Makeover and second, to get your opinion on something.

First things first: we started our makeover in October 2009 with almost $70,000 of debt. In 4 1/2 months, we’ve paid off a little over $17,000. How? We sold lots of stuff and gave up lots of stuff. Once I had DVR, I thought I could never live without it. Now we don’t even have cable tv! I cut LOTS of coupons and match them to sale ads. And we exchanged a LOT of landscaping at my folks’ house for the use of my Dad’s ‘94 Grand Marquis. We are making sacrifices now so we can really live later! We are gazelle-intense focused on obtaining financial peace.

Now – here’s where I need you to weigh in. We are trying to sell our Durango. The retail value is about $14,000, the private party value is between $10-12,000, and the trade in value is between $8-9,800. A local dealership offered us $9300 for it. I want to hold out for a private party sale but my husband wants to sell it and move on. We are not in a financially desperate situation, but it is taking up space in our driveway. What would you do?