Circumcision is wrong, regardless of gender
For now, we don't have huge car costs simply because dh only drives 7 miles, round trip, to work (with no traffic); I rarely drive (less than 5000 miles a year). We only pay for 1 cell phone, and are just now looking into getting cable TV because dh is getting another raise (he teaches and his district renegotiates contracts yearly). All in all, our other costs are fairly low. But our housing costs are astronomical and sickening.
and dd born 11/21/10 - our T21 SuperBaby
Oh how I miss the days of
Just to be really OT, I will reference the other thread where I said that I do not shop at Wal Mart.
Sorry, I just have a bone to pick with the whole "can't afford other stores" thing.
We've been here for a while, and we did a 15 year conventional fixed rate mortgage with a good rate. And, we bought it before the real estate boom : so we did well. It will be nice when we *own* our house outright.
Perpetually breastfeeding or pregnant ENFP mom to a lot of kids...wife to a midwestern nice guy...living in tropical paradise...pink cats and homebirths rock!
WOHM: Married 2002. Dog parents 2005. DS arrived 3/3/10. Newbie expected late June 2013.
It's 17% of his gross income.
Mine's about 56% of my predictable budget - I'm a single SAHM, so I'm counting my rental income, what I get paid for cleaning our church, and the set amount I am supposed to get for child support. My predictable income is $1,740/month and my mortgage is $975/month. BUT I also do some baby-sitting (summer months average $200 - $300 per month, but hardly anything at all during the school year) and my ex is pretty good about kicking in a bit more when he has a lot of overtime.
Mommy to THREE sweet boys & ONE sweet girl + a newb due in February! I need a nap.
When we had a mortgage, it was about 15-30% of our income, depending on how much DH made that year. We made double payments whenever possible.
If we buy a new house, we're looking to spend about 35% of the income on the mortgage.
Real estate is extremely expensive around here, but we were fortunate enough to buy 10 years ago while prices were still reasonable. I really feel for anyone trying to get a foot on the housing ladder around here now, although prices are dropping a bit to more realistic levels.
We don't have any other debt, so it works for us. Next couple of raises dp gets we will add that to extra principle, so we will continue to pay 50% for a while, but our mortgage will shrink faster! We are pretty frugal so we can survive on the one income.
We are in California, and our small 1100 square foot house for a soon to be family of six is still that much! We are even in a smaller city away from the super expensive places. Rent would be only 200-300 cheaper in the same neighborhood and same house, the tax benefits outweigh that for us.
Our goal is to be mortgage free one day Make those extra payments when you can! It is amazing how many years you can shave off your mortgage when just making one extra payment toward the principle each year.
mom to dd-99, dd-01, dd-born still@40w 7/04, ds-05, dd-08, dd-10, dd-13
love and light
For a while it was 50% of our income but DH has a much better job now making alot more money and we are comfortable with what we pay out considering what we take in. I had planned on moving in the near future but I like the ratio in what we pay so we may just renovate a little and stay where we are.