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Money and Finances
Reply to "Buying a first home - did you get the downpayment from your family?"
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[quote=Anonymous]My parents gave me $10K towards the $40K combined closing costs and down payment on my first home (bought at $139K). I bought when I was 30 years old. I started saving when I was 25. At first I put $100 per paycheck in savings (I was making $40K per year) and later, as my salary went up and I got closer, I started putting more and more. By the time I was 29, I was making about $60K and I was putting about $500 per paycheck into the "house fund" so the bulk of my $30K was in the last 2 years before I bought. Much easier to do when your young and single than after I got married and had kids. My disposable income was entirely mine to decide and I could find loads of ways to not spend the money and put it in my house fund. [/quote]
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