As Many of you know we are moving, and today we found out that the house is ours! Yey! We are renting for the time being and the house we are renting is under our budget and yes it is a bit small. But it fits our needs and is no permanent. It is a way for us to save money so that we can go and buy our own home in a few years. In order to buy a home we need to save money, I want to be able to put down a fairly large down payment so we do not have a huge mortgage payment when the time comes. Renting a house that is under our budget will allow us to do that. I would love to have a nice big house, but right now with what we want for our future the best thing for all of us is to save save save and get that house that we want to call our own in a few years. This house is great for us though since our kids are still small:) It has 3 bedrooms, 2 baths, eat in kitchen, living room and a space for a washer and dryer(I can’t tell you how exciting that is after using the laundry mat for the past year) and a HUGE crawlspace the length of the whole house! Once we move in and get settled I will be sure to share with you more pictures of the house 🙂
Originally when we started looking for houses we were looking at ones in our budget, but with wanting to buy in a few years we decided to rent one that is under our budget. Our budget for renting was $1550 a month and we are only paying $1295 a month for this one. We are saving $255 a month on rent by picking a smaller house for now, which will also save us on utilities(means more money put into savings)! That is a savings of $3060 a year that we can put in the bank towards a house of our own!! It is important to focus on your long term goals versus your short term, picking where you will cut back in your budget and sticking to it will help in the long run and you will be able to reach your goals that you want, like us for buying a home of our own!