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Reply to "need to buy a home to save money but can't"
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[quote=Anonymous][quote=Anonymous]We need to figure out a way to buy a home here. Between the rent and the bills we pay we will never be able to save money until we move into out own home. I know it sounds crazy but we pay $2000/month in rent and $400-$500 in utilities. I have crap credit (591 FICO) and we have about $12,000 saved. I want to see if I can swing buying a modest townhome that we can live in for 5 or so years and build some equity and not have so much money flying out the door to our landlord. HELP![/quote] No you can't afford it. Just keep renting and save money. Cut credit cards, get rid of smartphones, limit going out to eat,drink at home and don't get pregnant. [/quote]
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