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Thread: We fell off the path!
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07-09-2007, 10:00 AM #1Registered User
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We fell off the path!
Grrr... We were doing so well, too. Then I got super busy with a home daycare child that was just horrid. Too ALL my attention, so take out was needed because I couldn't get a meal done. And it just snowballed.
NOW, I have a business expense coming up, and I DON'T have the money saved for it
So I need to borrow from a line of credit. But that said. What I'm getting for $800, I'll be able to turn around and sell the items I don't need for approx $700, and keep what I need(Value $1200) for a cost of $100. I'm still debating though, as I will need the other part(Value $1000) at some point as well. I hate to part with such a good deal, but, I just don't think it'll earn the money back THAT quickly, though if I could get it going, just the supplies on hand would earn me close to $1500.
I had to terminate care for that child so I'm out nearly $700 a month, plus deductions from holiday times now. August will not be so bad, just a couple days off, so the other families are paying almost 100%. Then I'm down one more child in September as mom is expecting.
This sounds bad, however, I'll find out later, I had a family contact me the day i gave notice, and they want to come back with both their kids, so I'd be actually making $300 more in September than in June, and we'll be back on track. It will set us back about 4 months! Grrrr. BUT, we do live. We didn't charge much, and did pay back most of it anyway. Just didn't move forward that much. And with this next expense...I need to get on the ball and make it earn!
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