Comments on: Our plan to become homeowners by age 30 http://sensetosave.com/2008/01/15/our-plan-to-become-homeowners-by-age-30/ Thu, 21 Aug 2008 23:17:27 +0000 http://wordpress.org/?v=2.5.1 By: Promises Fulfilled http://sensetosave.com/2008/01/15/our-plan-to-become-homeowners-by-age-30/#comment-7141 Promises Fulfilled Tue, 01 Apr 2008 15:58:52 +0000 http://sensetosave.com/2008/01/15/our-plan-to-become-homeowners-by-age-30/#comment-7141 This is great and I think that you are so wise and have the right outlook. Things may change which may cause you to readjust, but you need to start with some sort of goals and I love these! You are really encouraging to me and many others. As I commented before, we do have our debt paid off, but not our home. We actually are in need of a "new" car, and we have put it off for a very long time. We do not want to go in to debt again, so we are trying to save as much as we can so that we can pay for most, if not all of it in cash. The really hard thing that we have been talking and praying about is the type of car that we should get - we would like a minivan b/c of the traveling that we do every year, but we are praying and asking the Lord is this is the right timing for it or not. That may be something down the road. So, we are still seeking God about this. By the way, would you send me a referral for the ING account. I am seriously thinking about opening it to stash our emergency fund and other savings into it. I am looking forward to learning more about it. Did you have a post that talk about that in more detail? If you do, could you send me the link? Thanks! This is great and I think that you are so wise and have the right outlook. Things may change which may cause you to readjust, but you need to start with some sort of goals and I love these!

You are really encouraging to me and many others. As I commented before, we do have our debt paid off, but not our home.

We actually are in need of a “new” car, and we have put it off for a very long time. We do not want to go in to debt again, so we are trying to save as much as we can so that we can pay for most, if not all of it in cash. The really hard thing that we have been talking and praying about is the type of car that we should get - we would like a minivan b/c of the traveling that we do every year, but we are praying and asking the Lord is this is the right timing for it or not. That may be something down the road. So, we are still seeking God about this.

By the way, would you send me a referral for the ING account. I am seriously thinking about opening it to stash our emergency fund and other savings into it. I am looking forward to learning more about it. Did you have a post that talk about that in more detail? If you do, could you send me the link?

Thanks!

]]> By: Don’t have good credit or a down payment? Then don’t buy a house! | Sense to Save http://sensetosave.com/2008/01/15/our-plan-to-become-homeowners-by-age-30/#comment-3569 Don’t have good credit or a down payment? Then don’t buy a house! | Sense to Save Sun, 20 Jan 2008 21:51:00 +0000 http://sensetosave.com/2008/01/15/our-plan-to-become-homeowners-by-age-30/#comment-3569 [...] rent our apartment for awhile, save money, and buy a house we can afford on down the road. Check out our plan on how we’ll do [...] [...] rent our apartment for awhile, save money, and buy a house we can afford on down the road. Check out our plan on how we’ll do [...]

]]> By: Nancy http://sensetosave.com/2008/01/15/our-plan-to-become-homeowners-by-age-30/#comment-3503 Nancy Fri, 18 Jan 2008 12:47:19 +0000 http://sensetosave.com/2008/01/15/our-plan-to-become-homeowners-by-age-30/#comment-3503 How refreshing to hear someone young have a debt-free plan! I wish that we had such plans when we were younger (we're 39). We fell into the yuppie trap years ago with the fancy houses and cars. A year ago we moved for my husband's career to the Midwest and were able to put 75% down on a 188,000 house. We also paid off our cars. Our mortgage is less than a lot of people's car payments. When we were looking for a new house our agent was surprised that we did not want a house in the 400-500,000 range because we could get the mortgage. Our current house is cute and adequate for our family. Most importantly, it will be paid off in 2 years. Good luck to you. Making such wise decisions at your age will reap you great rewards financially in the future. How refreshing to hear someone young have a debt-free plan! I wish that we had such plans when we were younger (we’re 39). We fell into the yuppie trap years ago with the fancy houses and cars. A year ago we moved for my husband’s career to the Midwest and were able to put 75% down on a 188,000 house. We also paid off our cars. Our mortgage is less than a lot of people’s car payments. When we were looking for a new house our agent was surprised that we did not want a house in the 400-500,000 range because we could get the mortgage. Our current house is cute and adequate for our family. Most importantly, it will be paid off in 2 years. Good luck to you. Making such wise decisions at your age will reap you great rewards financially in the future.

]]> By: rosie http://sensetosave.com/2008/01/15/our-plan-to-become-homeowners-by-age-30/#comment-3458 rosie Thu, 17 Jan 2008 00:01:51 +0000 http://sensetosave.com/2008/01/15/our-plan-to-become-homeowners-by-age-30/#comment-3458 I have a suggestion for you. Especially since you are both young and no children yet, and you are not working outside the home. This is something my husband and i did to save up for a sizable downpayment on our home. Look for a opportunity to be assistant managers or managers of an apartment complex. We did this for 3 years. We got the apartment free and also free heat! All we had to do was keep the halls and laundry areas clean and my husband would do some simple repair jobs maybe 2-4 times a week. We were also able to make extra money on the side by cleaning and painting the vacant apartments. We learned alot about maintaining a home in the process and that saves us money even today. My husband does many if not all the plumbing and electrical work on our home and appliance repair/maintenence. We had a baby at the time and I was able to stay home and raise him and save on childcare costs too! It was a great opportunity. We were able to save nearly $25,000 for the 3 years we did this and during that time my husband was unemployed for 8 months. I have a suggestion for you. Especially since you are both young and no children yet, and you are not working outside the home. This is something my husband and i did to save up for a sizable downpayment on our home.
Look for a opportunity to be assistant managers or managers of an apartment complex. We did this for 3 years. We got the apartment free and also free heat! All we had to do was keep the halls and laundry areas clean and my husband would do some simple repair jobs maybe 2-4 times a week. We were also able to make extra money on the side by cleaning and painting the vacant apartments. We learned alot about maintaining a home in the process and that saves us money even today. My husband does many if not all the plumbing and electrical work on our home and appliance repair/maintenence. We had a baby at the time and I was able to stay home and raise him and save on childcare costs too! It was a great opportunity. We were able to save nearly $25,000 for the 3 years we did this and during that time my husband was unemployed for 8 months.

]]> By: louise http://sensetosave.com/2008/01/15/our-plan-to-become-homeowners-by-age-30/#comment-3438 louise Wed, 16 Jan 2008 08:20:24 +0000 http://sensetosave.com/2008/01/15/our-plan-to-become-homeowners-by-age-30/#comment-3438 your plan sounds good, and entirely do-able, especially when you don't have any credit card debt to pay off. I think it's great that you have both planned it all out and are saving for a deposit, good luck with it, I look forward to watching your progress and thanks for the mention :) your plan sounds good, and entirely do-able, especially when you don’t have any credit card debt to pay off.
I think it’s great that you have both planned it all out and are saving for a deposit, good luck with it, I look forward to watching your progress and thanks for the mention :)

]]> By: Bethany http://sensetosave.com/2008/01/15/our-plan-to-become-homeowners-by-age-30/#comment-3432 Bethany Wed, 16 Jan 2008 04:51:42 +0000 http://sensetosave.com/2008/01/15/our-plan-to-become-homeowners-by-age-30/#comment-3432 That's a great idea! Having a plan is great. It may change with time, but saving for something like that is a necessity if it's in your foreseeable future. That’s a great idea! Having a plan is great. It may change with time, but saving for something like that is a necessity if it’s in your foreseeable future.

]]> By: Kacie http://sensetosave.com/2008/01/15/our-plan-to-become-homeowners-by-age-30/#comment-3427 Kacie Wed, 16 Jan 2008 01:43:59 +0000 http://sensetosave.com/2008/01/15/our-plan-to-become-homeowners-by-age-30/#comment-3427 Thanks, everyone! It's empowering to put my goals out there for you all to see. Makes me feel like, "well, they know about it...and they're rooting for me...now I need to get busy making it happen." I'll update from time to time on how it's going. Thanks, everyone!

It’s empowering to put my goals out there for you all to see. Makes me feel like, “well, they know about it…and they’re rooting for me…now I need to get busy making it happen.”

I’ll update from time to time on how it’s going.

]]> By: Mercedes http://sensetosave.com/2008/01/15/our-plan-to-become-homeowners-by-age-30/#comment-3426 Mercedes Tue, 15 Jan 2008 22:24:06 +0000 http://sensetosave.com/2008/01/15/our-plan-to-become-homeowners-by-age-30/#comment-3426 I think you are already half way there to your goal just by having a plan in place. I like that you have been very specific in it, so that makes it easier to accomplish. I know you will reach it. I think you are already half way there to your goal just by having a plan in place. I like that you have been very specific in it, so that makes it easier to accomplish. I know you will reach it.

]]> By: lisa http://sensetosave.com/2008/01/15/our-plan-to-become-homeowners-by-age-30/#comment-3424 lisa Tue, 15 Jan 2008 22:12:31 +0000 http://sensetosave.com/2008/01/15/our-plan-to-become-homeowners-by-age-30/#comment-3424 I agree with Amy's comment. The point is to have a plan and have your spouse on board with it. I am a (single) homeowner. It took 7 years to save for a downpayment. I started saving $20 a week (making slightly above minimum wage)and increased the amount as my income grew. It is now 10 years later and I upgraded to a slightly bigger home 5 years ago closer to work. I started with a 30 year fixed mortgage and refinanced within the 1st year to a 15 year loan. I now only have 11 years left. There are alot of sacrifices to owning a home and I feel they are worth it. Good luck! I know if you put your mind to it, you will succeed! I agree with Amy’s comment. The point is to have a plan and have your spouse on board with it. I am a (single) homeowner. It took 7 years to save for a downpayment. I started saving $20 a week (making slightly above minimum wage)and increased the amount as my income grew. It is now 10 years later and I upgraded to a slightly bigger home 5 years ago closer to work. I started with a 30 year fixed mortgage and refinanced within the 1st year to a 15 year loan. I now only have 11 years left. There are alot of sacrifices to owning a home and I feel they are worth it.

Good luck! I know if you put your mind to it, you will succeed!

]]> By: 20 SomethingMoney http://sensetosave.com/2008/01/15/our-plan-to-become-homeowners-by-age-30/#comment-3419 20 SomethingMoney Tue, 15 Jan 2008 19:59:34 +0000 http://sensetosave.com/2008/01/15/our-plan-to-become-homeowners-by-age-30/#comment-3419 Your plan definately sounds great. You are headed in the right direction to own that house by the time you are 30. You should feel lucky that you live in a less expensive area. We just "bought" our first home last year and for the town we live in it was in the lower end price wise. But, it still had a hefty price tag of 320,000. I honestly don't know how the same house could be so much more expensive here...if just is rediculous. We definately want to get it paid off asap. Extra payments as much as possible and no HELOC!!! Good luck! Your plan definately sounds great. You are headed in the right direction to own that house by the time you are 30.

You should feel lucky that you live in a less expensive area. We just “bought” our first home last year and for the town we live in it was in the lower end price wise. But, it still had a hefty price tag of 320,000. I honestly don’t know how the same house could be so much more expensive here…if just is rediculous.

We definately want to get it paid off asap. Extra payments as much as possible and no HELOC!!!

Good luck!

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