Big Financial Dilemma

If you follow my twitter, you may probably be reading about how Im facing a dilemma right now. A dilemma that shouldn't actually take place but being me, Im always pushing things at the back of my mind like oh, I'll get it done one day..somehow...until it worsens and then now I have to clean up the mess. But never mind all that, I don't want to think too much about it and hope to get it settled at least partially this Saturday when I pay a visit to the housing development board (hdb) regarding the house loan payments. Yes, that is the cause of my dilemma. All this time, we don't have to worry about the payment because so far, my mother's CPF which is the central provident fund that is used to pay for the house and I have been feeling a bit bad for the past two years (yes, TWO! Imagine that!) that okay, I'll help to pay for it soon using my own CPF. My mum at first lamented that she wished that she would have a bit of money left when her CPF can finally be withdrawn once she reaches the age of 55 but later on, she thinks that it is better off being used to pay for the monthly house loan so at least we have a roof over our head.

So I suppose that is where I slacked big time. Maybe if there is a slight glimmer of hope is that if they accept my application to be a co owner of the house and they are able to use my CPF instead for future payments of the house, then at least the matter is settled. I have accumulated enough CPF to pay for the balance of the house loan after about 6 years of working so I don't think that will be a problem. I can always earn it back since I still have a long way to go till I reach the cpf withdrawal age. The other problem is settling the monthly payments by cash while waiting for the approval for my co ownership. So far the only solution I have is to use my own salary to pay for it to tide over at least two months which is about the time for them to process (yes in Singapore, we are efficient except when it comes to the processing part ) and which also means seriously tightening my belt.

Oh God I hope I get it this over and done with.

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