Reply to $200K and just getting by

Forum Index » Money and Finances

Reply to "$200K and just getting by"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Or buy a home as early as possible. We got our first starter home when we were dating at age 22. We are 40 now and are on our 5th house with one as a rental.

By the time we started having kids at 27, we were established with equity and it just kept building [/quote]

Good thing you don't buy in 2006. [/quote]

I am a new poster and I did buy in 2006. But where our bank cleared us for a loan up to $1 million (!) we only took a loan of $300k and bought a lovely house for $500k. Don't "stretch" to buy. The people asking you to are real estate agents who stand to get paid.[/quote]

+1 and the same applies to college.  A lot of people struggling with student debt seemed to have bought the line that education debt is "good debt" just like a mortgage is "good debt".  Garbage.  Yes, some people may have to go into some debt for college but it should be minimized as much as possible.  Live at home, do the first two years at a CC, do your research and choose a lower cost option.  DH and I were very comfortable with his $100K salary when I was a SAHM and now as 2 working parents with a $240K income and lots of savings.  A big part of that is that we both went to affordable state colleges for undergrad.  I also went to a state U for grad school and had it paid for by my employer.  He also lived at home during undergrad.  I could have gone to an Ivy but was offered no aid so my parents counseled me, wisely, to go to the affordable state school.  Graduated debt free. Had a great college experience and been very happy in my career.

We also got lucky with market timing in our house purchase but part of that was that we were willing to buy a little 1940s house that had virtually no improvements since the 1950s.  We made modest improvements early on but waited to do a larger renovation until after my stretch as a SAHM.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics