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.
Down Payment Thoughts Again
March 27th, 2013 at 02:48 pm
March 27th, 2013 at 06:51 pm 1364410318