Financials

So everyone has responded. I asked for a minimum and maximum amount for monthly contribution and up front contribution.

Minimum Monthly Total = $325
Maximum Monthly Total = $610
Minimum Up Front Cont = $2400
Maximum Up Front Cont = $6150

Since part of the goal is to not stretch anyone, lets just look at the minimums. $325/month is adequate to make this project feasible, I believe. The upfront minimum of $2400 however, I think would be a little low to be able to realistically get this going. If we all started contributing now, however, that would be $3900/year towards the fund. It might not take too long to start making this a reality! If we add in some peoples max contributions then we could realistically start even sooner.

Just a thought, that I haven't thought out completely either. What else could we do collectively w/this money? A family cabin is great, but it IS difficult times, which does of course make it the time to buy. A couple of other ideas though: family vacation - sweet one. Of course a cabin would be endless vacations. Pay some bills for mom. Get together to invest in something; this was suggested by someone else at the last meeting as well. Yes, there are investments that start this low that are not that risky, flipping cars is one that I do right now. Buy a little rental property, however this one would take someones credit. Just a thought. Any others?