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Reply to "First time home buyer. Am i over extending?"
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[quote=Anonymous]Thanks so much for all the responses. This is very helpful. These numbers are based on actual spending except the piti and utilities are projected (down payment and earnest money are not included here as I have that separately and taken care of). Its a house and I’m thinking about doing Airbnb th days that DD is with her dad or renting a room in the summer. Also, I get regular mileage reimbursements from work that give me extra funds if I want to go outside of my budgeted expenses or if I want to spend more on fun stuff (clothes, nails, hair, etc) I agree groceries is low not because I can’t eat well but because I have to be very cautious as it’s easy to go over this amount. I think that’s one that I would like to get up more but also it’s only me and my 3.5 year old daughter half the week so it is doable. For utilities in a 2 bedroom apartment I pay average $50 monthly so i imagine that with my current usage in abigger house It would be $150. $40 water and sewer. Currently my water and sewer bill is average $25. And internet $50. For DD clothes, etc. I go to consignment shops and sell her old toys and clothes/shoes and buy new ones there. It saves so much. We go to playgrounds, farms and other low cost activities for now. Child support is very low (thanks for sympathizing) because we have equal time with her and share custody. I’m lucky that Family child care is reliable and will be available. Preschool is currently year round. I guess I would have to prepare and possibly get a new job when DD goes to ES. Im also thinking that this situation will give me the motivation to get a higher paying job faster than I would. In 1.5-2 years. [/quote]
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