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Down Payment Thoughts Again

March 27th, 2013 at 07:48 am

I'm still working on my whole 'save money for the next down payment' plan. I did calculate some numbers. I wrote them down with pencil and paper. I don't know where I put them!!

If memory serves we need to save about $800 a month to meet our goals of having enough cash to cover the real estate agent, and to accumulate the equivalent of 20% of the value of this home when we purchased it. I think. It could be I added something else in there to try to save.

All I know is that seems like a lot of money. The money we spent on vehicle maintenance last week is getting repaid when my husband is paid on Monday. I will be setting aside $300 towards property taxes. I expect they will increase greatly this year, likely in September, since this is a new home. I can't expect that taxes will stay under $1000 forever. My point is, I don't have $800 to save. Maybe next pay period.

I think this will all be possible and easy once my husband gets promoted and gets his raise, but that may not be until August. The government just moves very slow!

I still have it on my radar. I need to have a plan to accumulate more cash for the next house we buy. I'll update you when I get clear on it and find those calculations I did earlier this month.

1 Responses to “Down Payment Thoughts Again”

  1. ceejay74 Says:

    Just having it on your radar is a good step. I was like that about planning for an eventual move to the UK. It percolated as a lower priority until I was financially ready to deal with it, and then I was ready to attack it aggressively!

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