Wow my life is changing!! I've been with my boyfriend for three years and it's pretty much understood we are getting married. He finished university two years ago and after a couple different jobs he has settled into a very good job making decent money and he just got transfered to where I live!!! (instead of being an hour away) He is moving into my apartment with me which is fine because we've lived together before.
I am currently a graduate student and will have to be in this location for ATLEAST 5 years.
We have made a budget based on both our salaries and we have a choice to make. If we stay in the apartment i'm in (520 square foot 1 bedroom $650/mo) we will be able to save for a down payment for a house in 1 year!! Which to me is amazing and so exciting! (both of us are 24 this year). It just to me makes so much more sense to pay money into a mortgage rather then rent.
However this budget that allows this doesn't allow for much other savings for the next couple years. (until we are done first term of our mortgage)
I am in NO RUSH to get married, especially since I wouldn't have time to plan or anything since I'm in school so I think the house is the right choice, instead of having a wedding and setting the saving back a year or two. I'd rather get married when I'm out of school and I have time to enjoy the whole process.
Wow, so I guess that's whats on my mind!!
Any comments?? thoughts??? Does that sounds like a smart decision? Or is it easier to get a mortgage if your marrieD?? I know little about that stuff!!
I am currently a graduate student and will have to be in this location for ATLEAST 5 years.
We have made a budget based on both our salaries and we have a choice to make. If we stay in the apartment i'm in (520 square foot 1 bedroom $650/mo) we will be able to save for a down payment for a house in 1 year!! Which to me is amazing and so exciting! (both of us are 24 this year). It just to me makes so much more sense to pay money into a mortgage rather then rent.
However this budget that allows this doesn't allow for much other savings for the next couple years. (until we are done first term of our mortgage)
I am in NO RUSH to get married, especially since I wouldn't have time to plan or anything since I'm in school so I think the house is the right choice, instead of having a wedding and setting the saving back a year or two. I'd rather get married when I'm out of school and I have time to enjoy the whole process.
Wow, so I guess that's whats on my mind!!
Any comments?? thoughts??? Does that sounds like a smart decision? Or is it easier to get a mortgage if your marrieD?? I know little about that stuff!!