As the title states, my girlfriend and I are gearing up towards buying our first house. Right now we both live with our parents to save money for the move. She currently has 9k in savings and a job making 12.50 an hour with another business she does for herself which brings in roughly 7-800 per client although it isn’t very consistent at this point. I also make 12.50 an hour with a .50 raise coming up shortly. I have 4K in savings along with 14,500 in savings bonds which were bought with a down payment in mind. The thing is I am getting ready to start school in January and will not be able to pick up overtime due to class schedule and clinicals. Our take home pay combined is about 3200 a month. Are we financially stable enough to start the house buying process? My schooling is 2 years and will give me roughly a 20k pay increase and living at home for another two and a half years is not an option. My only real concern is how much we will need to have in savings after our closing costs and everything. I also want to take 2,500 of my savings bonds and use it for an engagement ring. Doable? Thanks in advance
Submitted July 20, 2018 at 10:54AM by crackerjack3195 https://ift.tt/2LA2Lom
