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Reply to "How can we save with this breakdown"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, given how little you’ve engaged in this discussion, I question how important this really is to you. We can’t make money appear for you, reality is that if you want to save, you need to cut back on your spending. With $142k in annual income and no mortgage, there’s really no excuse not to be saving. You’re just choosing not to because you prefer a more expensive lifestyle than you can afford.[/quote] I barely posted today. And came back to respond to the first page of comments. We already do Costco for gas and bulk. The private school is not by choice as I explained. What helped by posting here was the reiteration to cut back or stop the 529 and donations. Also to save the $2K a year on vacations. I am not at all handy around the house but have looked at you tube videos and done several things. But some, just can’t do. Also I have back issues hence the mower. But can certainly do that at a slow pace. Definitely some takeaways for me.[/quote] What about the previous question about selling your house and moving to one with better schools? [/quote] Okay. How would the cost of moving/buying/and selling help their financial situation? Plus, how would the unicorn fantasy of finding a house with a mortgage no more than their 2k tuition actually happen? Whether they should be paying tuition or not is a different discussion, but the idea of moving is a non-starter not even worth responding to, IMO>[/quote] I don't think you're thinking clearly. If they have a fully paid off house, they should be able to find a house where the difference in cost between their current, paid-off house and the cost of the new house results in less than a $2k mortgage. And then that mortgage interest will be deductible. It's not a unicorn or a non-starter to say that a house in a neighborhood with a workable (not best in the area, but not bottom-10 in NoVA either) should exist for $300-$350k more than the value of their current home.[/quote] This. OP has had the luck to have inherited a house. We don't know how much it's worth but he can cash out the equity and apply that to a new home in an area with better schools.[/quote]
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