Hello all as the title says I’ll be getting married in about nine months after just getting engaged. I currently still live at home and pay for utilities like electric and internet.
So here’s my financial background.
I work in healthcare and make 74k before taxes which translates to $4230 month after taxes and I get paid every 2 weeks.
Monthly take home = $4230 Savings in a chase savings account = $28,000 Retirement = employers 401k that I contribute 6% and employer matches 6% Monthly expenses = $1050 (This includes car note and insurance, cell phone, and streaming services and utilities that I pay in order to live at my parents home) Cc Debt= $ 2250 (I owe this in credit card debt otherwise I have no student loans, but I have a car loan worth 21k that I pay $481 monthly that I included in monthly expenses but if you want you can include that in total debt)
Fiancé makes anywhere from $1500 to $2000 month depending on her hours after taxes and carries credit card debt of around $500 and otherwise has no other loans or debts.
So that’s sort of the breakdown. Now I live in DFW where the cost of living isn’t like NYC or SF but where I live the COL certainly isn’t like how it used to be. Average rent for 1 bedroom apartment goes anywhere from 900 -1300 for a decent to nice place. Houses average around 200-300k for a nice house in a good neighborhood or suburb. There are house sub 200k but you certainly have to look into the condition of the house and area.
So what do you think, rent or buy? Is there anything I need to improve on financially? We’re not IT people making 150k but can we lead okay lives?
Submitted October 31, 2018 at 07:52AM by Rowill80 https://ift.tt/2Q6MXeX
