Saving up for a downpayment on a house

[tfinch2]

Originally posted by: pontifex
i usually go through 100-140 a week on food and gas. i eat out for lunch every day which i know is not saving me money, about once or twice a week i eat at Mcdonald's for breakfast. this is one of the rare times that i actually eat breakfast.

thats probably where all the "f*ck if know" money is going.

Wow...just, wow.

 

[TXHokie]

20% - $150k downpayment???
That will buy a house all paid off where I live! Dang...

 

[mattpegher]

You should probably work it out but I could kick myself for waiting to buy so long because with the increase in property values if I had bought a small place 5-10years earlier I would have had a good chunk of change for a down on my last house. Considering the tax break and increase in value for similiar properties you usually make out a little better owning than renting. Granted the biggest increases/inflation of house prices occurred over the last 7 years. So this may not work out so clearly now.

 

[mattpegher]

Here in Northwest NJ houses are now going for about $200 a square foot up from about $100/sqft 7 years ago when I bought.

 

[pontifex]

Originally posted by: tfinch2

Originally posted by: pontifex
i usually go through 100-140 a week on food and gas. i eat out for lunch every day which i know is not saving me money, about once or twice a week i eat at Mcdonald's for breakfast. this is one of the rare times that i actually eat breakfast.

thats probably where all the "f*ck if know" money is going.

Wow...just, wow.

figure lunch, $5-6 a day for 5 days a week. thats $30 a week. breakfast at twice a week brings it to $37. gas is about $30 a week - $67, food for home is around $40-50 - thats $107-117. i also buy at least 1 can of soda a day and the days i don't eat breakfast i usually get a cookie or something out of the vending machine. so i'd say about $120 is about what i spend a week for food and gas. sometimes its less. i've been doing better and not spending as much lately, but its stilla good bit.