Got married a year ago in a large metropolitan area with expensive real estate. Together we make a little over 100k and our monthly expenses are under $1000, the rest goes to savings. Our rent is less than $500, another $500 is food and leisure. We have no debt because we didn’t go to school.
Should we wait another year or two, considering our monthly rent is very low? We’re thinking we could save another 100k and then buy a house. Are there any advantages in buying a house with 50% down? Does it make sense for us to keep saving just because our circumstances allow us? Our money is parked in our checking accounts, should we consider any safe and smart option where we could invest our savings?
Any advice will be appreciated!
Submitted April 04, 2019 at 02:41AM by abadchristian https://ift.tt/2FZgS6k
