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03-02-2008, 09:13 PM
| | Registered User | | Join Date: Jan 2006 Location: NY | | | Baby on the way; sell off some gear?
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My wife and I are expecting our first child soon, and one thing we wanted to do before the baby was born was to get our credit card down to $0. The baby is due in about 3 months, and I still have about a few thousand on the credit card. I have budgeted to kill that debt over the next three months, and it should be no problem. However, this past December I let GAS get the better of me and I ordered a Nordy vJ5. When that bass comes, that puts about another few thousand right back on the card. Come July, I will start having to pay about $850 a month for day care, and I can't do that and pay off the Nordy in two months or so as I had hoped. It would likely take many more months to pay that bass off with the new budget taking into account the vast expense of a child. So, some options have been running through my head that I'd like to run by you all.
If the Nordy is everything I've hoped for and then some, should I sell my MTD 635? That would effectively counter the cost of the Nordy and my credit card would be at $0. Or if the Nordy is good, but not as good as my MTD is for me, I could sell that and only take a small hit.
Another thought is to sell my Epifani UL410, which would only leave me with just a UL112. Not exactly enough to do a lot of gigs with, but I'm not playing much these days as I prepare for my child's birth and only play with a small funky trio. This of course wouldn't completely get rid of the debt, but it would help.
My final thought, I keep everything, and just try to work out a way to pay off the debt that won't result in letting it sit to long and accumulating interest.
Any thoughts? Perhaps some of you have had similar situations that you could share your solutions to?
Last edited by Tony G : 03-02-2008 at 09:57 PM.
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03-02-2008, 09:18 PM
| | Registered User | | Join Date: Nov 2005 Location: Listowel/KW Ontario | | | No debt is always good. Keeping gear around that you don't use is fun, but not really useful. Unload anything that you don't play, if that means you sell your MTD, so be it.
lowsound
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Originally Posted by username n/a  How is a picture of me feeling up a stranger music related? | |
03-02-2008, 09:19 PM
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Endorsing Artist: Levy's Leathers Moderator | | Join Date: Jan 2005 Location: Toronto/Niagara Falls, Ontario | | | Pfft! Just sell the baby! |
03-02-2008, 09:21 PM
| | Registered User | | Join Date: Jan 2006 Location: NY | | Quote:
Originally Posted by iamlowsound No debt is always good. Keeping gear around that you don't use is fun, but not really useful. Unload anything that you don't play, if that means you sell your MTD, so be it.
lowsound | Right, I hear what you are saying. As it stands right now, my MTD is my main bass. I absolutely love it's fingerstyle tone, and am only luke warm on its slap tone. That is why I ordered the Nordy. I spec'd it ash/maple to make it a slap monster. Those two together would have me very happily covered for my styles of music. However, if the Nordy is an overall tone monster, the MTD may be at risk. The only thing stopping me from selling it right now is that i've played a lot of gigs with it over the past year and I've grown fond of it. |
03-02-2008, 09:21 PM
| | Registered User | | Join Date: Nov 2005 Location: Jacksonville and Pensacola, FL | | | Lowsound has a point, but I'm sure you'll regret selling whatever you sell. If I were you, I'd try my best to keep whatever I have. Of course, if you're going to be worrying about the baby for some time, just sell what could easily be replaced.
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03-02-2008, 09:21 PM
| | Registered User | | Join Date: Jan 2006 Location: NY | | Quote:
Originally Posted by Mark Wilson Pfft! Just sell the baby! | I ran that past my wife. No go.  |
03-02-2008, 09:23 PM
| | Registered User | | Join Date: Jul 2004 Location: an ignore list near you | | | Ehhhh...
I didn't enter that situation needing to sell gear, but I did enter it a bit strapped, financially. I tell all of my friends/coworkers/random strangers that I meet who are expecting their first to buy what you want now. Your priorities flip and your not as likely to splurge on yourself after the birth. With that in mind, my vote is to wait on any sale until you're pretty sure you need to sell it.
$850 sucks. We had a cush set up with family 1 block from my wife's job until the hurricane. Now I drop a nicely appointed Toyota Corolla annually to pay for 2. My oldest will be going into private school next year and I'll actually be saving money.
Congrats on the kid. The whole experience is up and down, but I just had a great weekend with mine (3 and 5) and couldn't say enough positive things about parenthood right now. anyway, that's enough honest posting for today.
Mike |
03-02-2008, 09:23 PM
|  | The Lowdown Diggler | | Join Date: Apr 2006 Location: Huntington Beach, CA | | Gig more. Make more money. Babies are overrated.  |
03-02-2008, 09:26 PM
| | Registered User | | Join Date: Jan 2006 Location: NY | | Quote:
Originally Posted by mike_v_s Ehhhh...
I didn't enter that situation needing to sell gear, but I did enter it a bit strapped, financially. I tell all of my friends/coworkers/random strangers that I meet who are expecting their first to buy what you want now. Your priorities flip and your not as likely to splurge on yourself after the birth. With that in mind, my vote is to wait on any sale until you're pretty sure you need to sell it.
$850 sucks. We had a cush set up with family 1 block from my wife's job until the hurricane. Now I drop a nicely appointed Toyota Corolla annually to pay for 2. My oldest will be going into private school next year and I'll actually be saving money.
Congrats on the kid. The whole experience is up and down, but I just had a great weekend with mine (3 and 5) and couldn't say enough positive things about parenthood right now. anyway, that's enough honest posting for today.
Mike | Wow, a rare post from Mike. 
Thanks for sharing Mike. You make a lot of sense. I'm not in any real need to sell anything yet, but I don't want to get in that position. I'm not sure what to do, so I'm just bouncing my thoughts off you guys for now. |
03-02-2008, 09:26 PM
|  | is, against all odds, still a scuba viking. | | Join Date: Feb 2007 Location: Alta Loma, California | | | ish. I hope I never have kids...
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03-02-2008, 09:27 PM
| | Registered User | | Join Date: Jan 2006 Location: NY | | Quote:
Originally Posted by MakiSupaStar Gig more. Make more money. Babies are overrated. | Please Maki, I saw your "how do you know your kid is yours" thread. You are a proud papa... |
03-02-2008, 09:27 PM
|  | Registered User | | Join Date: Mar 2004 Location: Metro St. Louis | | Believe me, I can understand not wanting any debt, but $3,000 is not an incredible amount, and if it takes you a few extra months to get to $0, take the extra time. It makes much more sense to keep gear you like than to sell some only to find yourself wanting the gear you let go only to find that you can no longer afford it because of your sweet little bundle of joy. I speak from experience. Take a little longer, and pay off what you owe, and then just chill with that Nordy and MTD. 
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03-02-2008, 09:27 PM
| | Registered User | | Join Date: Jan 2006 Location: NY | | Quote:
Originally Posted by IconBasser ish. I hope I never have kids... | I hope you never do either. |
03-02-2008, 09:28 PM
| | Registered User | | Join Date: Jan 2006 Location: NY | | Quote:
Originally Posted by Dr. Cheese Believe me, I can understand not wanting any debt, but $3,000 is not an incredible amount, and if it takes you a few extra months to get to $0, take the extra time. It makes much more sense to keep gear you like than to sell some only to find yourself wanting the gear you let go only to find that you can no longer afford it because of your sweet little bundle of joy. I speak from experience. Take a little longer, and pay off what you owe, and then just chill with that Nordy and MTD. | That is really want I hope to do, but I can't help being apprehensive about finances right now. |
03-02-2008, 09:30 PM
| | The Lowdown Diggler | | Join Date: Apr 2006 Location: Huntington Beach, CA | | Quote:
Originally Posted by Tony G Please Maki, I saw your "how do you know your kid is yours" thread. You are a proud papa... | Yeah, I think I'll keep him around for awhile. We went golfing today. He was the only 4 year old on the course. Hit out of the sand trap onto the green like a champ. Seriously though, you're nesting. One thing you'll realize quickly, although life does change dramatically with a kid, it's usually for the better, and all the things you love still apply. But the main thing is that life doesn't stop when you have a kid. The kid just kind of incorporates himself into it. 3k, seriously. I would be stoked to be only 3k in debt.  |
03-02-2008, 09:31 PM
| | Registered User | | Join Date: Jul 2004 Location: an ignore list near you | | Quote:
Originally Posted by Tony G Wow, a rare post from Mike.
Thanks for sharing Mike. You make a lot of sense. I'm not in any real need to sell anything yet, but I don't want to get in that position. I'm not sure what to do, so I'm just bouncing my thoughts off you guys for now. | It's just that everything changes in ways you can't prepare yourself for and I'd hate to see you (or anyone else) sell equipment that they can't easily replace out of an unnecessary abundance of caution.
Your financial situation is none of my business, but the whole process is quite expensive and there's a decent chance you simply won't be willing to buy another MTD once this one is gone.
My wife works at a hospital and our insurance is pretty good. One of our daughters developed a bit of an ear/sinus problem. Regardless of what your insurance company will pay for, when your little girl is screaming nightly, you take her to the best. Sometimes the best isn't covered by your plan and you pay A LOT out of pocket.
You just can't plan for things like that. Hang onto the gear until it's time.
Mike |
03-02-2008, 09:32 PM
| | Registered User | | Join Date: Jan 2006 Location: NY | | Quote:
Originally Posted by MakiSupaStar Yeah, I think I'll keep him around for awhile. We went golfing today. He was the only 4 year old on the course. Hit out of the sand trap onto the green like a champ. Seriously though, you're nesting. One thing you'll realize quickly, although life does change dramatically with a kid, it's usually for the better, and all the things you love still apply. But the main thing is that life doesn't stop when you have a kid. The kid just kind of incorporates himself into it. 3k, seriously. I would be stoked to be only 3k in debt. | Thanks Maki, sounds like you have a good thing going. Oh, and I said I have 3K on my credit card.... my Debt figures are very very high considering a Mortgage, car loans, home equity loan, etc... |
03-02-2008, 09:34 PM
| | Registered User | | Join Date: Jan 2006 Location: NY | | Quote:
Originally Posted by mike_v_s It's just that everything changes in ways you can't prepare yourself for and I'd hate to see you (or anyone else) sell equipment that they can't easily replace out of an unnecessary abundance of caution.
Your financial situation is none of my business, but the whole process is quite expensive and there's a decent chance you simply won't be willing to buy another MTD once this one is gone.
My wife works at a hospital and our insurance is pretty good. One of our daughters developed a bit of an ear/sinus problem. Regardless of what your insurance company will pay for, when your little girl is screaming nightly, you take her to the best. Sometimes the best isn't covered by your plan and you pay A LOT out of pocket.
You just can't plan for things like that. Hang onto the gear until it's time.
Mike |
Thanks Mike. It really sounds like you've been where I'm going. This is why I love TB. |
03-02-2008, 09:35 PM
| | Registered User | | Join Date: Jul 2004 Location: an ignore list near you | | Also, since this thread is more about your MTD than anyhting else, could you have the mods move it to the Basses Forum so I can have a post count there? Thanks, Pink Unicorn Horsie. 
Mike |
03-02-2008, 09:36 PM
| | Registered User | | Join Date: Jan 2006 Location: NY | | Quote:
Originally Posted by mike_v_s Also, since this thread is more about your MTD than anyhting else, could you have the mods move it to the Basses Forum so I can have a post count there? Thanks, Pink Unicorn Horsie.
Mike | Ha! Pink unicorn horsie! I had completely forgotten about that. How did that start again? | | Thread Tools | Search this Thread | | | | 
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