This is my first post, so I hope I am doing this right!
I am about to begin my 5th year of teaching high school math. It is an extremely difficult career, but the clear daily difference I get to make really has me thinking that this is a lifetime career. I am also very happy here in my district in Fargo, ND.
Here is my dilemma: shortly after I moved into my apartment, the opportunity to become the resident manager arose. In exchange for cleaning the building, mowing, shoveling, etc., they reduced my rent significantly; presently, I pay $170 per month with all utilities aside from electricity included. I don't mind the work, and I am within walking distance to the school.
I know that buying a house is a great longterm investment, and I do want to own a home someday. However, I think about that $170 rent, which allows me to max out my retirement contributions and still live very comfortably, even on a teacher's salary. That dollar amount may not even cover utilities in a house. If I were to buy a house, my monthly payment for the mortgage alone would be in the $1,000 region. I could probably still max out retirement accounts, but I would not live nearly as comfortably.
SO...Reddit fam...what would you do in my situation?
Submitted July 29, 2021 at 11:16PM by walterpsherman https://ift.tt/2UVKoEr
