LogFAQs > #929846667

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Topic	how much money do you save each month?
emblem boy 11/08/19 11:24:35 AM #18:	Romulox28 posted... emblem boy posted... Couldn't the savings be used for the house down payment then? Or maybe I'm misunderstanding your situation we have the down payment, its more about me saying "we can afford up to this amount because i want our debt to income ratio to be X and i want to be able to have Y amount of money coming in after expenses while retaining 20% savings each month" Oh my bad. Not sure why I was thinking this was about down payment. I agree with you. Don't become house poor, or whatever the term is. And the savings is gonna help considering full house costs are not always transparent. Things like renovation, repairs, etc. --- Pitter-patter, let's get at 'er <cite>emblem boy posted [p:929846667] in how much m... [t:78144571]...</cite> <quote>Romulox28 posted...</cite> <quote> emblem boy posted...</cite> <quote> Couldn't the savings be used for the house down payment then? Or maybe I'm misunderstanding your situation </quote> we have the down payment, its more about me saying "we can afford up to this amount because i want our debt to income ratio to be X and i want to be able to have Y amount of money coming in after expenses while retaining 20% savings each month"</quote> Oh my bad. Not sure why I was thinking this was about down payment. I agree with you. Don't become house poor, or whatever the term is. And the savings is gonna help considering full house costs are not always transparent. Things like renovation, repairs, etc. --- Pitter-patter, let's get at 'er</quote> ... Copied to Clipboard!
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