financing paperwork signed na

May 8th, 2008

Financing Paperwork Signed – N/A

The technicians are here as I type installing our new furnace.  They cleaned all my ducts this morning (that was a fun project for them, I’m sure) and now the furnace is being installed.  I just finished meeting with the president of the company, who is the person who came originally to the house to give me the estimate.  He sat down with me to go over everything, and he had a preprinted form-letter type checklist of things to touch base with me about, including the rebate our gas company is currently offering for this furnace, how to operate our new thermostat, and other issues like that.  Then I took out my checkbook to pay him, and as I wrote a check for $3700, he went to his preprinted generic checklist and the line item that said “Financing Paperwork Signed” he marked “N/A”.

This is a major moment in my life.

Honestly, it didn’t really sink in until that moment.  This is a major purchase we are making, that we hadn’t really quite planned to make so soon, and yet, we managed to swing it, without even touching our emergency fund.  We don’t need financing.  We just paid for it.  Of course, the timing of the furnace replacement was very fortuitous, with the economic stimulus rebate arriving, but even without that, we would have managed to pay for it (but the emergency fund would not have been untouched).

Times like this I realize even though we have a long way to go, we have really made a huge amount of progress in improving our financial present and future.  And we stimulated the local economy to boot.  ;)

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22 Responses to “Financing Paperwork Signed – N/A”

  1. It is a big moment! Congrats, chica, you’ve worked hard for where you are.

  2. Woohoo! Congratulations!

  3. Congratulations to you…you are one wise young woman!

  4. Nice work! I love those moments when it suddenly dawns on you that your previous decisions are finally paying off.

  5. Just curious, but is your old furnace worth anything?

  6. Kool! WTGG!

  7. Woot woot!!! :) Congrats! :)

  8. Wow! What a great feeling. Power! :-)

  9. That’s so awesome PT. I know the feeling. It’s the same one I got when I had over $2k in repairs come up to my rental property. It sucked to spend the money I’d saved but it felt good that I didn’t need to finance it.

  10. YES!

  11. That’s hot! :)


  12. Congratulations!!

  13. debtheaven Says:

    May 9th, 2008 at 8:04 pm

    Congratulations! I’m amazed at how adaptable you guys are, and how you’ve managed these big hits like the car repairs and the furnace.

    However, the least you could have done was to tell your furnace to keep the good news to itself, there was no need to start a new furnace trend. :-(

  14. debtheaven Says:

    May 9th, 2008 at 8:14 pm

    More seriously, what kind of furnace did you get? I’m in Europe so the exact reference may not mean anything to me, but what kind? I’m looking at a condensing gas furnace with some hot water storage. (One unit, not two.) But I’m still waiting for the pro (he’s coming tomorrow).

    This is very aggravating because we have had major flooding in the basement. Our basement is small, two rooms, one is the furnace / storage room, the other is our oldest son’s room (he doesn’t live here full time, and yes, there is a window, lol.) We found it was flooding because of damaged patio, just borrowed money to fix that. Then the basement STILL flooded (albeit much less so) and apparently the boiler is responsible for the rest. It’s 24 years old, leaking in two or three places, so it seems eminently clear to me that it will need to be replaced rather than repaired.

    We were under 1000 from being debt free when all this happened. :-(

    So like I said, too bad your furnace had to go bragging on the internet, lol.

  15. @debtheaven – it is a gas condensing furnace with ~92% AFUE… more than that um, I don’t know.

    Sorry about your furnace! You can do it though, you can! We were less than $200 from credit card debt freedom when the car repair happened, and it stunk but now that it is past it seems okay.

  16. debtheaven Says:

    May 10th, 2008 at 7:08 pm

    Update: the man said we need to replace three cheap parts, we don’t need a new furnace. He’ll do that on Wedneday. That’s the good news. The bad news is that the furnace is not responsible for the flooding, he says it’s definitely ground water. :-( He said, you certainly don’t need the added expense of a new furnace now if you can avoid it, luckily these repairs won’t cost much and you can worry about the flooding. I still don’t know what we’re going to do about the flooding, but it was refreshing to find somebody honest and kind. (Our contractor insisted we use him, now I know why.)

  17. Awesome. :)


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