I Kinda Inherited a 1956 house when my step moms mom passed away, I bought the house from my step mom for 50k, It was appraised at 80k when I bought it 10 years ago. I took out a 15k loan to redo it all (Thats been paid off 5 years ago), Mostly inside, It had 30 amp electric, I upped it to 200 amp, redid all the electric, I redid all the plumbing to Pex. New Water heater and softener. redid all the hardwood floors, Refloated all the Plaster walls, all new baseboards and trim, and paint. Its only 1300sq ft, the 700 sq basement (other half is crawlspace) Im on 3/4 acre outside of a town.
Anyways all these stories of small houses the size of mine selling for 250-300k for a house like mine, On a $250,000 fixed-rate mortgage with an annual percentage rate (APR) of 6%, you’d pay $1,498.88 per month for a 30-year term or $2,109.64 for a 15-year one.
I Had to buy a new car a few months ago for $650 a month, I was tired of buying used cars with 3 year warranty and the car only lasting 4 years before dumping money into them..
So Theres
425 mortgage
650 car payment
125 internet
50 for streaming
150 for cell phone
300 for electric
1000 for groceries
40 for chicken feed
200 for vehicle gas
100 for cat and dog food
150 for car insurance
150 for last years taxes i owed on
we each have 1 credit card and payments are $50 a month for both
All that is $3440 a month for just living. Not sure where some other money goes, be we do stuff also. on weekends.
I Make $28 an hour after everything is taken out i bring home $2900
My wife works part time for $1000 a month. We only have the one car and share it, She works til noon, Mon-Wed-Fri, And I work 2-10pm One of us has to be home with the 3 year old
That leaves $460 a month to play with. Thats not alot to be playing with… I think about an appliance going out or something and dont have 2k in the bank for that
The more I see tiktok videos on how Millenials cany buy a house, the Stories are true… there is no way an avg person making even $40 an hour can buy a house. I Have younger neices and nephews still livng at home making decent money but cant buy a house thats worth a damn
Here is my EDIT: I did not expect this post to blow up like this. Maybe I screwed up and did this wrong, When I bought the new Mistubishi outlander, My 2016 nissan rogue had 112k miles, Warranty ended, It needed all new tires, Heater core went out, (if you know anything about changing out a heater core, this isnt cheap) needed all new brake system, among a few other small things needed fixing. I Owed 1500 on the rogue so they tacked it onto the new loan, So that bumped it up abit. I did a 5 year loan on the new vehicle because i didnt want to end up like the rogue, Being upside down on it if I wanted to trade it in.
As For My Credit Cards, I was 40k in debt in Credit cards at one point, It took me over 5 years to pay them off, I did it, Now we have one each. They arent that big, a few thousand combined, its better than I was over the last 12 years of my life when we were overwhelmed with them. So Im not worried about 2 credit cards at all
As for groceries, Yes 1000 a month, im not getting rid of my cats and dogs, I have plenty of space and land for them in my house. Cat litter isnt cheap, we dont buy crap cat and dog food, they eat the best, Its expensive and its not going to change.
As for my Internet, I have to have Xfinity/comcast, Like I said I live outside of town, Its the only service that was put here for High speed internet
Lastly, This post isnt about me, this post was supposed to be about the people that have to pay alot of money for somewhere to live. If I had to pay $2000 for somewhere to live, Obviously my lifestyle would be different than it is now. I wouldnt have Cats, Dogs, Chickens and ducks. I Wouldnt have a $650 car payment, I wouldnt have 1000 monthly grocery bill,, I have roughly $500 a month to spend on Us, Could I modify it? Yes I definitly could. Reading some posts on here I and going to look into everything and try to do some things to get me around $700 a month extra. As for my Car payment, I did it, It is what it is, Im stuck with it for now
