Tag Archives: buying a home

Save for a Home Down Payment OR Invest for Retirement

Save for a Home Down Payment OR Invest for Retirement

My wife and I hate the idea of renting forever and we want to buy a place of our own. Originally, we thought that buying a place of our own would be more affordable in the new city, but we soon realized differently. Because we want to live close enough to downtown, it’s going to cost us a pretty penny. While my wife and I recently started earning a little extra income, we’re far away from having enough for a 20% down payment. Since I want to buy our own place sooner rather than later, this means one thing: operation save down payment. Continue Reading

Anxious to Buy a Home

Anxious to Buy a Home

As many of you already know, my wife and I both recently took jobs that would allow us to move to a different city. They aren’t the highest paying jobs, but they are good jobs that will allow us to transition to a new place without job searching. This is definitely invaluable. When my wife and I moved out to New Jersey three years ago, we both had to take jobs that were out of our interest and low paying. It was a challenge to pay the bills, especially when you are also paying for grad school (without student loans). Continue Reading

The Hidden Costs of Renting

The Hidden Costs of Renting

There is no such thing as a hidden costs to homeownership. When you own a home, no repair, maintenance nor service is charged to you unless you give someone permission. Your name goes on the bill, the bill gets mailed to your house and then you pay the bill out of your bank account. Renting, on the other hand, comes with seemingly endless hidden costs. When charges mount, no bill is presented – and no permission is asked. You pay your rent and rent increases blindly, without reason or explanation. Continue Reading