I was lucky enough to be in a job that paid me huge money for about 6 years after I left high school. In fact I still even get the odd royalty cheque.
Thank fvck my old man was an accountant and MADE me put money aside. By the end of it Id saved over $90K (if I hadve been diligent I could nearly purchased outright) and purchased my first about 5 years ago. I still thank him for this coz I woulda blown most of it.
I'm in the same boat as you Gray. Except, I've got no one else to help w/ my savings or Downpayment.
You pretty much have to have an excellent job or a significant other that is down with what you're trying to do. I'm trying to buy my own place within the next year and right now, I'm just paying off as much credit debt as possible, and not even thinking about the DP.
I've been trying hard to save the past few months and it's seriously hard. I've learned to cut down on a lot of things though. My 3euro coffee every morning on the way to work is actually 60euro a month :eek: . I was buying a sandwich every day but now bring lunch to work... that saves 80euro a month. I do put away 150 a week... but often I dip into it so it's not going up very fast :rolleyes: . I'm going to forbid myself from touching it from now on. I find going home to my sisters for the weekend saves lots of money. If I stay in Dublin even just a night in at the weekend easily costs 50euro :eek: 2 dvds, a bottle of wine and a chinese and I usually buy something girly to spoil myself so I've to cut down on all that crap. I really don't know where my money goes... cos I should be able to save 200 a week no problem
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
I've been trying hard to save the past few months and it's seriously hard. I've learned to cut down on a lot of things though. My 3euro coffee every morning on the way to work is actually 60euro a month :eek: . I was buying a sandwich every day but now bring lunch to work... that saves 80euro a month. I do put away 150 a week... but often I dip into it so it's not going up very fast :rolleyes: . I'm going to forbid myself from touching it from now on. I find going home to my sisters for the weekend saves lots of money. If I stay in Dublin even just a night in at the weekend easily costs 50euro :eek: 2 dvds, a bottle of wine and a chinese and I usually buy something girly to spoil myself so I've to cut down on all that crap. I really don't know where my money goes... cos I should be able to save 200 a week no problem
Write out a written budget and spend all of your money on paper at the beginning of the month before you actually spend it. Expenses + Savings should equal your income. And then stick to it.
The only people we should try to get even with...
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
I found little ways to save too. When I was saving for my house I payed for everything in cash - using only bills. All the change I got back went into a savings jar. Every $5 bill I got went into savings. You'd be surprised how quickly that adds up. Every few months we'd deposit the money and it would be a few hundred dollars.
Write out a written budget and spend all of your money on paper at the beginning of the month before you actually spend it. Expenses + Savings should equal your income. And then stick to it.
thank you. Another thing is I need to start doing a weekly grocery shop, rather than picking up bits and pieces on my way home every day
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
I found little ways to save too. When I was saving for my house I payed for everything in cash - using only bills. All the change I got back went into a savings jar. Every $5 bill I got went into savings. You'd be surprised how quickly that adds up. Every few months we'd deposit the money and it would be a few hundred dollars.
I used to do that too... it certainly DOES add up
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
I was buying a sandwich every day but now bring lunch to work... that saves 80euro a month.
really? I find I spend much more money if I buy lunch food at the grocery store and then make it myself (and I waste a lot of food). (plus I get tired of eating the same thing every day).
I found little ways to save too. When I was saving for my house I payed for everything in cash - using only bills. All the change I got back went into a savings jar. Every $5 bill I got went into savings. You'd be surprised how quickly that adds up. Every few months we'd deposit the money and it would be a few hundred dollars.
I do this too! I once bought a $450 bike just in quarters I had saved up.
but it doesn't build up that quickly for me. I have this big vase thing I keep it in and I haven't emptied it in well over a year, and it's still not full again. it's getting there. So after a year or so of saving, I'll have like maybe $300.
really? I find I spend much more money if I buy lunch food at the grocery store and then make it myself (and I waste a lot of food). (plus I get tired of eating the same thing every day).
well I buy a loaf of bread and 5 slices of ham for the week. Costs less than 5euro... my sandwich in the shop was over 4 euro a day. OR I'll swap it with a tin of tuna... some days I toast the sandwiches... other days cheese! Lol, my life's so fucking boring
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
well I buy a loaf of bread and 5 slices of ham for the week. Costs less than 5euro... my sandwich in the shop was over 4 euro a day. OR I'll swap it with a tin of tuna... some days I toast the sandwiches... other days cheese! Lol, my life's so fucking boring
yeah it's hard too because I hate sandwich meat so I have to buy like salad materials and crap like that. very expensive, and too much for one person to eat before it goes bad.
My wife and I are looking for houses now... Our budget is low (under $150k), but have found a few decent small houses in the Albany, NY area. We have enough saved up for a decent down payment, but will probably try to get a little creative so we don't wipe out our entire savings.
We saved most of it in the past year (and paid off a lot of bad debt) buy just doing the things mentioned previously.
One way that worked great for me, is that while I didn't have a lot of school loans, I worked on paying the lowest balance off, then when paid off, I used that amount I was paying for that loan and applied it to the next lowest balance and so on and so on... after school was paid off, I applied what I was paying for them to my car loan and paid that off... by the time my car loan was paid off, I was so used to the $800 or so coming out every month, I started paying that to me in a high interest savings acct. It took a while to get the ball rolling, but before I knew it, I wiped out debt and starting saving a decent amount.
The only financial set-back, is that we had a baby 6 months ago, so with my wife being off for a while, we stopped saving to make up for lost income.
My whole life
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
yeah it's hard too because I hate sandwich meat so I have to buy like salad materials and crap like that. very expensive, and too much for one person to eat before it goes bad.
It's very tough to cook for one person on a budget. The best thing to do, and I don't do this but should, is cook a couple of pots of meals... like spaghetti bolognaise, curry, easy stuff, on maybe a Sunday and freeze them in seperate containers for each day... that way you can mix it up
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
It's very tough to cook for one person on a budget. The best thing to do, and I don't do this but should, is cook a couple of pots of meals... like spaghetti bolognaise, curry, easy stuff, on maybe a Sunday and freeze them in seperate containers for each day... that way you can mix it up
That's what we do as well... There is only 2 of us, but we'll make dinner for like 4 or 6, and take the leftovers for lunch for most of the week.
I have this beef with people who I work with... most of my staff are younger, single people not making a lot of money. They all complain about being poor, but always come in with a dunkin donuts coffee, and always order out for lunch, and a couple of them smoke. I told the one girl that she spends like $400 a month of cigarettes, coffee and lunch, and her reaction was "Oh my god, that's a lot!"... but she still does it, and still complains about being poor and not being able to afford a reliable car. blah blah blah... i want to smack her lol.
My whole life
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
It's very tough to cook for one person on a budget. The best thing to do, and I don't do this but should, is cook a couple of pots of meals... like spaghetti bolognaise, curry, easy stuff, on maybe a Sunday and freeze them in seperate containers for each day... that way you can mix it up
yeah, that's what most people do. I don't eat stuff like very much either-no simple carbs for me. Haha now that I think of it, I have no idea what I actually eat! (last night I had fruit salad I think...) I'm very picky plus I have some health problems that limit my choices- bad combo! ah, I know, for dinner I usually have carrot sticks and hummus and fruit salad, or veggie burgers. produce and anything frozen is very expensive.
note for the person who mentioned coffee:
I'm willing to sacrifice for dunkin donuts coffee. there is a great coffee machine in my office, but I can't bring myself to drink hot coffee in the summer. this is one of those things- if it's a sacrifice to your daily life like that, I have to wonder, is it really worth it?
That's what we do as well... There is only 2 of us, but we'll make dinner for like 4 or 6, and take the leftovers for lunch for most of the week.
I have this beef with people who I work with... most of my staff are younger, single people not making a lot of money. They all complain about being poor, but always come in with a dunkin donuts coffee, and always order out for lunch, and a couple of them smoke. I told the one girl that she spends like $400 a month of cigarettes, coffee and lunch, and her reaction was "Oh my god, that's a lot!"... but she still does it, and still complains about being poor and not being able to afford a reliable car. blah blah blah... i want to smack her lol.
that sounds like me but I'm learnin... I really am
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
Good Lord. To hell with that. Why not move out a bit and commute into the city or find a job in the suburbs? Those prices are insane. Only speculation can drive up prices that high, it makes no sense. Is there a housing bubble in Toronto?
$500k here would build a very, VERY nice house!
i look into that but when i check what i would pay for out of the city with a car, car insurance, gas i realized that it was not worth it. i can't find a job in teh suburbs as a social worker as most jobs are in the city as that is where the mahority of teh funding goes to.
i agree with the cost it is crazy. from what i read it is not a housing bubble. when i think that my mom bought a 1800 sf house for 190K abotu 12 years ago it makes me crazy as i have 676 sf condo. her house is not in toronto but in teh suburbs and if she sells it know she coudl sell it for close to 400k
People demand freedom of speech to make up for the freedom of thought which they avoid."
- Soren Aabye Kierkegaard (1813-1855)
If you haven't got anything nice to say about anybody, come sit next to me."
- Alice Roosevelt Longworth (1884-1980)
I'm going through the same struggle. At the moment, it seems like I'll never have enough for a down payment. I'm 28, making over 70k, but single. I've resigned to the fact that I won't own until I get married.
"If you love someone, set them free... if someone loves you, don't fuck up" - EV
I'm going through the same struggle. At the moment, it seems like I'll never have enough for a down payment. I'm 28, making over 70k, but single. I've resigned to the fact that I won't own until I get married.
I have this coworker whose wife doesn't work so he claims that single people are rich...I keep saying (first of you are in a very rare position that your spouse doesnt work), when you're single, if you lose your job and can't get another one (or even if you have to take a paycut), you're homeless, period. And buying a house in the first place...if I had someone to pay half the downpayment, I'd be all set.
but yeah I am in the position, make about the same money, but still barely getting by after that expensive decade called the 20s. oh well as I said before, nothing wrong with renting! I actually love the house I rent, so i shouldn't be talking. it just aggrevates me when things could be updated and I can't do anything about it.
I'm so old that my first house cost $58,000 and we only needed $3000 down! I just bought a car tonight for $40,000! Crazy how times have changed! The first house was a fixer upper and we made about $70,000 on it in only 3 years, that is what we put down on the house we are in. Save, save, save and don't try to get your every want in the first house....look for a bargin that you can make money on, and then upgrade in a few years!
oxc
~*LIVE~LOVE~LAUGH*~
*May the Peace of the Wilderness be with YOU*
He is your friend, your partner, your defender, your dog. You are his life, his love, his leader. He will be yours, faithful and true, to the last beat of his heart. You owe it to him to be worthy of such devotion.
— Unknown
With all the shit going on with the biggest mortgage companies in your country, are you sure a down payment is something you particularly want to look at right now?
With all the shit going on with the biggest mortgage companies in your country, are you sure a down payment is something you particularly want to look at right now?
Why not?
My whole life
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
Um, I've definitely never heard of THIS.
Everyone I know is constantly bitching about closing costs...and realtor fees and inspection costs...
these are things that make it so difficult- you might have your whole downpayment and mortgage payments figuerd out, but then you've somehow got to come up with thousands and thousands in cash on top of it.
Um, I've definitely never heard of THIS.
Everyone I know is constantly bitching about closing costs.
It's because he doesn't know WTF he's talking about.
The buyer has closing costs. The seller also has (less) closing costs. The acts of buying & selling each have closing costs that are attached to each act.
In this buyer's market, the buyers have been successful as a whole in pushing the seller to pay the closing costs quite a bit as part of the negotiations. This is probably what Mr. NO CODE #1 is talking about.
It's because he doesn't know WTF he's talking about.
The buyer has closing costs. The seller also has (less) closing costs. The acts of buying & selling each have closing costs that are attached to each act.
In this buyer's market, the buyers have been successful as a whole in pushing the seller to pay the closing costs quite a bit as part of the negotiations. This is probably what Mr. NO CODE #1 is talking about.
yeah, closing costs are definitely negotiable...
my wife and I lucked out big time as we got the seller of our house to pay all but $500 and give us a pretty good refrigerator (we didn't have one yet) in lieu of some cheap, minor repairs that didn't even come close to the closing cost....we made out like bandits on that one and I sort of felt bad about taking advantage of them, but hey, it's a negotiation and they agreed to it
my wife and I lucked out big time as we got the seller of our house to pay all but $500 and give us a pretty good refrigerator (we didn't have one yet) in lieu of some cheap, minor repairs that didn't even come close to the closing cost....we made out like bandits on that one and I sort of felt bad about taking advantage of them, but hey, it's a negotiation and they agreed to it
Exactly... in a buyer's market, closing costs have become a way to negotiate out of doing some minor repairs to a house before settlement. The seller pays part of the closing costs (usually equal to the cost of repairs) and the buyer doesn't hold up the sale due to the lack of repairs.
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Admin
Social awareness does not equal political activism!
5/23/2011- An utter embarrassment... ticketing failures too many to list.
Comments
Thank fvck my old man was an accountant and MADE me put money aside. By the end of it Id saved over $90K (if I hadve been diligent I could nearly purchased outright) and purchased my first about 5 years ago. I still thank him for this coz I woulda blown most of it.
Now Im an accountant!!!!!!! hahaha
You pretty much have to have an excellent job or a significant other that is down with what you're trying to do. I'm trying to buy my own place within the next year and right now, I'm just paying off as much credit debt as possible, and not even thinking about the DP.
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
Write out a written budget and spend all of your money on paper at the beginning of the month before you actually spend it. Expenses + Savings should equal your income. And then stick to it.
...are those who've helped us.
Right 'round the corner could be bigger than ourselves.
take a good look
this could be the day
hold my hand
lie beside me
i just need to say
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
really? I find I spend much more money if I buy lunch food at the grocery store and then make it myself (and I waste a lot of food). (plus I get tired of eating the same thing every day).
I do this too! I once bought a $450 bike just in quarters I had saved up.
but it doesn't build up that quickly for me. I have this big vase thing I keep it in and I haven't emptied it in well over a year, and it's still not full again. it's getting there. So after a year or so of saving, I'll have like maybe $300.
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
yeah it's hard too because I hate sandwich meat so I have to buy like salad materials and crap like that. very expensive, and too much for one person to eat before it goes bad.
We saved most of it in the past year (and paid off a lot of bad debt) buy just doing the things mentioned previously.
One way that worked great for me, is that while I didn't have a lot of school loans, I worked on paying the lowest balance off, then when paid off, I used that amount I was paying for that loan and applied it to the next lowest balance and so on and so on... after school was paid off, I applied what I was paying for them to my car loan and paid that off... by the time my car loan was paid off, I was so used to the $800 or so coming out every month, I started paying that to me in a high interest savings acct. It took a while to get the ball rolling, but before I knew it, I wiped out debt and starting saving a decent amount.
The only financial set-back, is that we had a baby 6 months ago, so with my wife being off for a while, we stopped saving to make up for lost income.
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
That's what we do as well... There is only 2 of us, but we'll make dinner for like 4 or 6, and take the leftovers for lunch for most of the week.
I have this beef with people who I work with... most of my staff are younger, single people not making a lot of money. They all complain about being poor, but always come in with a dunkin donuts coffee, and always order out for lunch, and a couple of them smoke. I told the one girl that she spends like $400 a month of cigarettes, coffee and lunch, and her reaction was "Oh my god, that's a lot!"... but she still does it, and still complains about being poor and not being able to afford a reliable car. blah blah blah... i want to smack her lol.
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
yeah, that's what most people do. I don't eat stuff like very much either-no simple carbs for me. Haha now that I think of it, I have no idea what I actually eat! (last night I had fruit salad I think...) I'm very picky plus I have some health problems that limit my choices- bad combo! ah, I know, for dinner I usually have carrot sticks and hummus and fruit salad, or veggie burgers. produce and anything frozen is very expensive.
note for the person who mentioned coffee:
I'm willing to sacrifice for dunkin donuts coffee. there is a great coffee machine in my office, but I can't bring myself to drink hot coffee in the summer. this is one of those things- if it's a sacrifice to your daily life like that, I have to wonder, is it really worth it?
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
i look into that but when i check what i would pay for out of the city with a car, car insurance, gas i realized that it was not worth it. i can't find a job in teh suburbs as a social worker as most jobs are in the city as that is where the mahority of teh funding goes to.
i agree with the cost it is crazy. from what i read it is not a housing bubble. when i think that my mom bought a 1800 sf house for 190K abotu 12 years ago it makes me crazy as i have 676 sf condo. her house is not in toronto but in teh suburbs and if she sells it know she coudl sell it for close to 400k
- Soren Aabye Kierkegaard (1813-1855)
If you haven't got anything nice to say about anybody, come sit next to me."
- Alice Roosevelt Longworth (1884-1980)
I have this coworker whose wife doesn't work so he claims that single people are rich...I keep saying (first of you are in a very rare position that your spouse doesnt work), when you're single, if you lose your job and can't get another one (or even if you have to take a paycut), you're homeless, period. And buying a house in the first place...if I had someone to pay half the downpayment, I'd be all set.
but yeah I am in the position, make about the same money, but still barely getting by after that expensive decade called the 20s. oh well as I said before, nothing wrong with renting! I actually love the house I rent, so i shouldn't be talking. it just aggrevates me when things could be updated and I can't do anything about it.
oxc
*May the Peace of the Wilderness be with YOU*
He is your friend, your partner, your defender, your dog. You are his life, his love, his leader. He will be yours, faithful and true, to the last beat of his heart. You owe it to him to be worthy of such devotion.
— Unknown
i dont know any buyer who pays closing costs.
thats silly
its the sellers job
Why not?
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
Um, I've definitely never heard of THIS.
Everyone I know is constantly bitching about closing costs...and realtor fees and inspection costs...
these are things that make it so difficult- you might have your whole downpayment and mortgage payments figuerd out, but then you've somehow got to come up with thousands and thousands in cash on top of it.
It's because he doesn't know WTF he's talking about.
The buyer has closing costs. The seller also has (less) closing costs. The acts of buying & selling each have closing costs that are attached to each act.
In this buyer's market, the buyers have been successful as a whole in pushing the seller to pay the closing costs quite a bit as part of the negotiations. This is probably what Mr. NO CODE #1 is talking about.
my wife and I lucked out big time as we got the seller of our house to pay all but $500 and give us a pretty good refrigerator (we didn't have one yet) in lieu of some cheap, minor repairs that didn't even come close to the closing cost....we made out like bandits on that one and I sort of felt bad about taking advantage of them, but hey, it's a negotiation and they agreed to it
Exactly... in a buyer's market, closing costs have become a way to negotiate out of doing some minor repairs to a house before settlement. The seller pays part of the closing costs (usually equal to the cost of repairs) and the buyer doesn't hold up the sale due to the lack of repairs.
Admin
Social awareness does not equal political activism!
5/23/2011- An utter embarrassment... ticketing failures too many to list.