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Real Estate
Reply to "Cheaper house or better this way??"
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[quote=Anonymous][quote=Anonymous]We bought $700,000 house 10 years ago and I feel like we are still struggling to pay the mortgage and taxes (that keep rising!) we have 2 kids - we have 200,000 annual income (no luxurious cars or vacations) but spend money on food and kids activities etc. We still barely have enough retirement savings and we are 50. I am upset because I feel like we should have bought a $300000 house 10 years ago but at least the money is in the home which is appreciating. We don’t know how to save more Inflation- any suggestions for people that are 50 and are feeling the pinch? [/quote] Are you or your spouse sending money to relatives? Stop that. Childcare? Nanny -stop that and do daycare. Aftercare - budget for when the kids will be old enough to stay home alone. Camps - do the cheapest ones. Vacations - expensive flights because you are obligated to see relatives at a particular holiday every year - stop this. Gas - get ab electric vehicle or hybrid that doesn’t guzzle as much gas. Groceries- drop the processed food, cook from scratch more, use Costco [/quote]
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