I've been trying to follow Dave Ramsey and his financial advice in getting rid of debt and had been doing okay for a while but got off track a while back. He advocates before paying down debt, that you have a baby emergency fund of $1000. I had that for all of 2 days this year, and it's making me nervous. According to Dave, the average family can raise $1000 in 4 weeks or less by selling things, getting a part-time job, cutting expenses, etc. That may be true in a lot of 2-income families but not here! We've been holding yard sales over the past few years, so there really isn't that much left to sell. In fact, my last yard sale, after paying for the newspaper ad, I LOST money! If push came to shove, yes, I could basically sell everything but the beds and a few kitchen items, but I'm not that desperate yet. Yet. haha
My dilemma now is, I have 2 "large ticket" items: a ring left to me by my mom (which I will probably never wear) and our piano. I don't want to describe the ring too much for safety reasons, but if I got even half of its insurance value when selling, I wouldn't have to worry about the emergency fund. It's not my type of jewelry, and the times I have worn it, I've been very self-conscious about it. The question here is, where to sell it? I've inquired at the jewelers in town, and none of them buy this type of jewelry. I would like to find a reputable jeweler in either Columbus, Mansfield or Cincinnati and know I wasn't getting taken. Easier said than done!
Our piano, on the other hand, would probably be fairly easy to sell. I'm the only one who plays it, and even then, I'm not very good at all. I had always thought that I would learn to play better when the kids are off to college, but I don't see me paying for lessons anytime soon. If one of the kids wanted lessons, that would be different. DD wants me to teacher her, but that has not worked out well. She wants to know how to play perfectly NOW and just gets stressed out with me. She would do better with a professional teacher but has declined formal lessons. I could probably get $100 for it, which would help the emergency fund out, but do I really want to sell it?
Oh, decisions, decisions.....
Monday, August 24, 2009
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