Hey everyone! Happy Monday. I want to say thank you to everyone who left a comment on my post the other day about what percentage housing expenses are relative to your income.
I received a lot of great responses and hopefully it will help people determine if a house is right for them or not. So many people don't realize that there is more to a house payment besides just the actual payment (mortgage, insurance, taxes, maintenance, etc.).
It seems like a hot topic in the personal finance community is whether a person should rent or buy a home. What if you're not sure if a house is even right for you? Maybe an apartment would be better? There are many factors to think about before you buy a home.
When we were in the process of buying our first home, there were a lot of things to factor in. Yes, we were really young when we bought our house, we were 20 years old. Now, I don't know if I would recommend buying this young for others. It has worked out for us, but we had to overcome many hurdles in order to get where we are. [Read more…]