Hope everyone's having a good week! It's gone by pretty quick. I still don't have my voice back so I guess I need to go to the doctor soon because I haven't had my voice since around last Wednesday.
I'm sure you all have noticed the tagging game that's going on. I've been tagged by a lot of people (yes I'm bragging) but I just wanted to answer 2 questions right now from Live Simply-Live Well, because I feel like they directly relate to my blog and well, it's just what I feel like typing about right now.
There are definitely some things that I would've done differently. My 3 mistakes below all kind of tie in together and mainly relate to how much money I would've saved if my money situation was different.
- If I could have, I would have lived at home after high school and during college. I would've saved so much money, but instead I moved out less than one month after my high school graduation and rented a house. Our bills weren't too high, but of course I could've saved money and applied house bills towards debt instead if I would've lived at home.
- Waited to buy my house. We bought our house at the age of 20. YOUNG? Yes. We could've saved for a bigger down payment, but we got a really good deal on our house. We bought at the end of 2009, and yes while the housing market is still continually going down, we were able to take advantage of the $8,000 tax credit (which we got to keep unlike those who bought houses after this expired). Our house still appraises for more than we bought it for, which is great as well.
- However, if we would've bought our house now, we could have a bigger down payment, lower mortgage interest rate, and houses are SO CHEAP right now that we could've gotten a decent house for probably $20,000 to $30,000 less than what we bought our house for.
- Not have so much student loan debt. This goes hand in hand with the two mistakes above. If I would've lived at home (which wasn't really an option though) then I could've saved thousands of dollars and put it all towards debt. I would've graduated without ANY debt.
I'm sure there are a ton of other mistakes that I have committed, but I can't think off the top of my head of any others that really stick out besides the one's above.
However, I very much love my life. I definitely don't dwell on these “mistakes” that I made. I still feel like I've definitely come very far in my life, especially for my age. I try not to live in regret and just make the best of everything that I have in my life. I love my life, my house, my friends, and my pups.
I would probably go on a clothing spending spree. I would of course stop at JCrew first and I've really been wanting a nice watch. Then of course I need swimsuits, new work clothes and everything else. I really want new clothes obviously.
I know that I'm not the best when it comes to saving and paying down debt (instead of shopping), but I do think I'm getting better. I would really love to have a spending spree though. Who wouldn't?
What's the biggest financial mistake that you've made? Loans, credit cards, cars? Tell us now!