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It's Been a While.

May 29th, 2010 at 07:29 am

It has been a while since my last post. Quite a lot has happened since then.

First, I sold some things on ebay and made about $160 on it all.

I left the house I was renting and moved in with my parents.

My hours at my current job have dropped. A LOT.

I need a new plan. Here's what I'm thinking.

I need to get my license first (obviously). Then, I need a better job. All I need is a job where I net $300 a week which is really doable. If I can do that, I'll be able to pay all of my bills and still have some fun money leftover AS WELL AS about $100 to put into my savings account every month. I'll also be doing some selling on ebay and I think I can safely net $250 a month from that. I need to stay in my parent's house at least until November because that is when my lease ends. I plan on saving as much money as I can. Once I get a better job, I'm going to look at houses. If I can find a house in the price range that I want, I will buy it. It will probably need some work. Soooo I will be staying with my parents and using the money I saved up to fix the house while I'm living with my parents to save some money. Once everything is fixed, I will move into the house.

I think all of this is doable and I'm soooo excited! What do you guys think about my savings though? My bills (sans entertainment money) come out to $970 a month. I know you're supposed to have 6 months worth of savings in your account but I'd like to stay at right around $5000. If I don't go under that amount, I'd feel comfortable. I'm going to need some money for a down payment (I'm thinking about $5000 even though I might qualify for that program that pays the down payment for you... anyone know what I'm talking about?), maybe a couple thousand for closing costs, and a few thousand for fixing up the house as well as a few pieces of furniture I'm going to need (which will be right around $1000). I think I'll have enough to cover it all and I still won't go under the $5000 amount. Do you think putting $350 away a month into savings is too little?

1 Responses to “It's Been a While.”

  1. Jerry Says:

    I know about the no-downpayment program with the Veterans' Administration, and I hope to use that one when we return to the States and buy a home. However, I believe that there is (or was) also a current government program that leads banks to offer civilians a similar deal. If you can find some insurance for a program like that, then go for it! Good luck...
    Jerry

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