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Money and Finances
Reply to "how on earth can we save a down payment?"
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[quote=Anonymous]We purchased a $550k home with $70k down in our mid 20s. - We weren't having kids then, so didn't have any of those associated expenses. -Both H and I were very frugal in our even earlier adulthood and lived in group houses, in not fabulous areas, etc. to keep our rents down. I think the most either of us ever paid in rent was $425 a month until we got married and had an apartment together. This was roughly 10 years ago. -When I had one of those big law summer associate type jobs, I still lived in dirt cheap awfully located housing and I didn't fall into the trappings of the money because I knew I wanted to work in public service so it would be the last time I saw that kind of money. I banked nearly every penny I made that summer. -Drove(and still do drive) old reliable cars bought for cash -Saved all the cash gifts we got from our wedding -When we got married, we lived in a cheap old apartment building that was perfectly servicable but not at all flashy -We didn't eat out or go on vacation or do pretty much anything for entertainment that wasn't free as we saved. We spent plenty of weekends at the zoo, at the museums, at free festivals, etc. We were never bored. It took us 2 years of hardcore saving on top of what we had already each accumulated on our own. And we were making maybe $80k combined at the time.[/quote]
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