Saving for a house: HCOL areas bring on the big shovels - Mothering Forums
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#1 of 1 Old 07-30-2007, 01:59 PM - Thread Starter
 
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Join Date: Jul 2007
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Every Penny Counts.
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In a city synonymous with luxury and spending, Ms. Lee, 30, and Mr. Agüero, 35, decided to do without.

They gave up smoking to cut costs, they stopped meeting friends after work for beers, they didn’t buy new clothes, and they stashed away tax refunds and as much of their earnings as possible. Whenever they wanted to buy drinks, gadgets or cookware, they asked each other: “Do I want an iPod or a house? Do I want a latte or a house?”

“It would be absurd for me to buy things when I wanted a place rather than a frying pan,” Ms. Lee said as she fed Matilda a post-nap bottle.

More impressive, perhaps, than their willpower was that they were able to save $90,000.
More on singles and families who are saving BIG bucks for a down payment in HCOL areas.
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