Expenses

I'm glad you've planned out my future! I want to be just like you!


But in all seriousness this is some good advice, although not many people live on the east coast where the standard of living is higher and so are the wages.

Titus, I think if you had someone to share all of those expenses with, it probably wouldn't sound so bad. You're pretty much talking about tackling goals that families go for, but on your own. If I understood right anyway.

Titus, I think if you had someone to share all of those expenses with, it probably wouldn't sound so bad. You're pretty much talking about tackling goals that families go for, but on your own. If I understood right anyway.

Basically I got that out of it as well. Most people try to get in 3 years what their parents got in half a lifetime.


Titus, is your goal actually attainable with your current salary?

Actually, no. I wasn't able to save up the full $50,000 down payment on the townhouse. I put $25,000 down, and took out an 80/10/10 (80% mortgage, 10% down, 10% loan) 15 year fixed mortgage. Essentially, it's an 80/20 (20% down, 80% loan) though. I live with one of my friends for the time being, with plans for my girlfriend to move in, but not until July 2008.

I have about $2,500 per month for mortgage, utilities, association fee, and home owners, but with my friend, I charge him $500 for rent and split the rest of the utilities, so he pays me like $650 of it per month.

Then, I had $5,000 toward furniture, so I only put about $10,000 on my credit card for the rest, which is almost $950 per month. All in all, with my car payments and insurance, I'm at around $3,400 per month, which I can afford, and still put about $500 away into savings, and do whatever socializing I want... for the most part.

Still saving is difficult, that's my whole point. And Thanatos, I think you're doing fine for only being 19. My point was that at my age, I wouldn't be doing fine if that was me.

Of course, with a family, I'd sell the townhouse, and buy something larger, since I plan on having children. Although, like you guys said, the big difference would be that I would be splitting ALL the expenses in HALF, rather than at a very discounted portion, as I'm doing right now. It will probably still end up being the same costs as it is now, since I would upgrade, however I plan on making a lot more money by the time that part of my life comes around.

To me, $250,000 on a big house like that sounds like nothing. In fact, it's only around £127,000 - over here that would get you a nice poky terraced house with a small garden, out in the suburbs.

Though it depends on the area.

You've done pretty well to get such a big house for that price.

I have more houses and buildings and 3 story card board boxes than any of you.

Lemme load up my GTA:SA game save.

Second Life, anyone? I'd like to try that someday.