Friday, March 30, 2012

Debt vs. Buying a House

So, I went ahead and made the payment to our debt, rather than putting it into savings for a down payment. I feel good about doing it this way. As anxious as I am to get out of our studio and into a home, I know it's the right thing to wait. So, wait we will!

Hope you all have a nice weekend :)

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5 comments:

  1. Counting all my stars and saving itMarch 30, 2012 at 1:21 PM

    Great choice!

    Before you know it you'll be in your own home.

    ReplyDelete
  2. Cash Only LivingMarch 30, 2012 at 2:09 PM

    Good for you! The feeling if being completely debt free is awesome and it will start your home owning experience off on a much better foot if you have no other debt besides a house payment.

    ReplyDelete
  3. JaneMarch 30, 2012 at 4:44 PM

    That's the right choice - you've come too far to stop now and add to your debt instead of getting it all paid off. Hang in there!

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  4. JMarch 31, 2012 at 8:53 AM

    I think you made the right choice. We did it the other way, but we had different circumstances. A house for 10 people plus utilities was actually more than mortgage, property taxes and utilities so it made sense for us. If it was still just me and my boys, I would still be renting too. You'll get there and it will feel awesome!!

    ReplyDelete
  5. WhatHouse.co.ukMarch 31, 2012 at 12:06 PM

    Think its important to pay off your debt first before getting yet another debt in the form of a mortgage

    ReplyDelete

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