I need some help...

We have been pretty thrifty, but last year we had renters ruin our rental home, which has caused us a lot of problems. We are selling the home now, but it has been vacant since June of 2007, which racked us up some bills. We are selling it FSBO and giving a 3% agent commission.

We now have no savings, no retirement, but we came into a $100,000 trust fund that is in a simple interest account (doing no better than 4% on average).

These are our bills:

• Mastercard - $300 limit / $250 balance
• Vehicle - $10,850 owed / $15,000 KBB
  • $309/mo @ 8.99%
• House - $152,000 owed / $214,900 Value
  • $1250/mo (PITI + Assoc Dues)
• Personal Loans - $16,000
• Business Loan - $7,000

We were looking at the following with the sale of the house:

Sales Price

$ 214,900.00

Commission

$ (6,447.00)

Pers Loan Remodel

$ (6,000.00)

Closing Costs

$ (5,000.00)

Home Loan

$ (155,000.00)

Taxes & HOA

$ (2,000.00)

Sub Total Profit

$ 40,453.00

Pers Loan

$ (10,000.00)

Business Loan

$ (7,000.00)

Tithing

$ (4,045.30)

Back into Business

$ (10,000.00)

Total Profit

$ 9,407.70

The sale of the house will clear all debt, with the exception of the vehicle, and give us $9,000 left.

MY PLAN - Being that we owe less than the KBB on the vehicle, I wanted to sell it, make about $4,000 and put that plus $1,000 in cash towards purchasing a used Volvo station wagon that will still fit the kids. That would leave us $8,000 to put into savings, plus another $300/mo to apply wherever we needed. We have a local credit union account that gets 7% interest (checking).

MY HUSBAND - Take money from the trust fund and apply it to the vehicle loan. Take the $300/mo to put towards motorcycle and life insurance.

Any other suggestions?