The whole “being pregnant” and going into “nesting” mode is real. I’ve been spending way too many hours scouring Redfin and Zillow despite knowing that I can’t afford a home here, other than maybe a 1 bed, 1 bath in a really bad part of the bad part of town.
So. I’m trying to focus my energy on longer-term, more realistic goals, while also ensuring that I keep my job in order to hit them.
- Age: I turn 35(!)
- Networth: Close out the year at $645k-$650k
- Housing: Live in 1 bedroom / 1 bath apartment (50% = $14.1k yr)
- 401k: invest $22.5k
- Stocks: invest $30k
- Baby #1: born, 0 – 5 mo
- Baby #2: not born yet
I’m not sold that the American Dream of a white picket fence is the wisest financial move in the grande scheme of things. But, at 34 and pregnant with my first child, I long for the stability of a home with at least a small backyard and just – space.
Even though my networth is $540k, I’ve never felt stable enough in my career to purchase property. I thought by now I would – but I don’t and I don’t think I ever will. Given my husband is going back to school and will be starting over with a job making $50k, if we’re ever going to own it’s pretty much all on me. We can certainly rent a house – but when my child gets older, I’m afraid of having to downsize due to losing a job. I almost feel better about staying in a one bedroom apartment with the kid, and saving for as long as possible. Plenty of people do it, why can’t I? Continue reading
I really try to take life one day at a time, because thinking too far into the future puts me in a constant state of unproductive panic. Right now, I need to focus on the next four years of our lives:
- 2018: baby #1 born (0 – 6 mo), I turn 35, 1 yr at job
- 2019: baby #1 turns 1, I turn 36(!), 2 yr at job
- 2020: baby #1 turns 2, preg w/ baby #2(!?!), I turn 37, 3 yr at job
- 2021: baby #1 turns 3, baby #2 turns 1, I turn 38, 4 yr at job
Then we… GTFO of the Bay Area. >Insert frown face and sad heart.< Continue reading
7 months, 3 weeks in counting until the arrival of baby “E” (we have two names picked out for girl or boy child, both start with E, so calling it baby E .) 7 months, 3 weeks is not that much time before our lives change forever.
Outside of finally figuring out how to keep my apartment clean, focusing on obtaining stability at my job, and trying to eat healthy and exercise and such, I’m perturbed by our housing situation and whether or not we should move or stay put. The general consensus until my anxiety attack of this last week was stay put until kid is 1, then figure it out / move to a two bedroom / etc. Continue reading
Most jobs in my industry are an hour north of where I live (more than that in traffic) and I’m growing weary from the commute. We’re paying $2500 a month in rent currently for our 800 square foot one bedroom and I’m starting to think renting is no longer cost effective for us. Granted, we won’t be able to afford a 1 bedroom quite a nice as the one we are renting – BUT – we could buy a 1 bedroom condo closer to the city and then at least we’d lock in our monthly rates so we can actually afford to stay here.
My crazy thought is buying a 1 bedroom 1 ba condo. I wouldn’t have considered this before, but it’s the only way we can own property for <$600k. My goal would be to get the monthly mortgage under $2000 so with standard $500 HOA, we’d be paying the same (or even less next year) than what we are paying to rent. Continue reading
The other day I was having a debate with one of my blog readers about the definition of Middle Class. We were both trying to sort out what the income requirement was to be “middle class” in the Bay Area or any region of the country. I came up with a pretty simple equation…
Middle Class, to me, equals being able to afford a modest house for a family (3br, 2ba) in a reasonably good neighborhood within one hour of where you work (i.e. a suburb of a major city.) Based on various estimates you should spend about 25% of your AFTER TAX income on your monthly home payment. Thus, in order to determine what it takes to be middle class in any region, we can look at what homes cost in that region, and base our definition on that. Continue reading
Since I’m determined to read more, get out of the house more to see friends and exercise, and generally not be a lazy couch potato, I decided to avoid getting cable for the time being. Instead, we’re getting 50MB internet and skipping cable altogether.
The cable bill for the first year wouldn’t be that bad, but then I’d get used to it and have to pay the ridiculous fees charged after the first 12 month rates expire. It really is ridiculous to pay $100+ per month for cable television when most of the shows are available through other means. I even already have Amazon prime which offers many shows and movies as part of the membership. There’s also the option to buy Hulu Plus or Netflix if this isn’t enough.
Instead of the cable membership, I splurged on a waterproof case for my Kindle ($70) so I can come home after work, fill up the tub, and read myself silly. Better that then starting mindlessly at the screen. I figure if I’m desperate for television I can sign up for the local gym, which offers tv screens in every cardio machine… at least then I’ll be able to get healthy while watching television instead of the opposite.
Every evening when I get home from work, I usually run 10 miles and then follow that up with completing a new 500+ page book. Just kidding. I sit in front of the tv and veg out. For better or worse, mindlessly flipping through the channels is what I do. It helps calm me down after a long day. It is a huge waste of time yet it is one of those things that brings a little joy to my life. Who doesn’t love falling asleep to a House Hunter’s marathon?
I haven’t actually watched a ton of TV living with my roommates in my previous apartment because they had control of the living room area and I generally hibernated in my room, where my cable connection didn’t work. I still spent some time when they were out on the living room couch enjoying a few hours of random shows. And I always thought that one day when I moved in with my boyfriend in my own apartment I’d finally have access to the television whenever my heart desired.
Now, however, I have quite a first-world dilemma on my hands — determining whether I should get cable television, an alternative, or avoid tv altogether (maybe so I can run 10 miles a night and read a few classics at the end of a long day.) My bf isn’t interested in television so he refuses to split the cost with me, so it gets quite expensive as a solo bill. With internet connection, for the first year cable (without the fancy channels like HBO and Showtime) will be $70 per month. That seems somewhat reasonable, but that’s just the year one special. It can go up to $100 or more per month the second year. Yikes. Do I really want tv that badly?
There are a few different options… AT&T vs Comcast. Alternatives like Hulu Plus or Netflix or Apple TV. Yet I’m not much of a series watcher, I’m more of a channel surfer. It’s a guilty pleasure and I miss it. Yet the cost, which was reasonable split 3 ways in my last apartment, is no longer something that makes sense when I have to cover it on my own. Cable TV for $600 per year (year 2) OR… well, spend it on something more useful than rotting my brain with repeats of law and order SVU.
How much per month do you currently spend on internet and/or cable?
Wouldn’t it be nice if spending $400 per month more than I wanted to on an apartment would guarantee that the place would be ours? Yes, our 700-square-foot one bedroom, should we secure the affinity of our potential landlord, will be $2200 per month. Not even the commitment to pay that much for a relatively small (and outdated) place gets us immediate confirmation.
At least we have good credit scores. I ran mine again (*expletive* Experian for being the most scammy spammy company around) and I’m at 738. My boyfriend has a crazy good credit score over 760. I messed mine up with one or two late credit card payments in the past, but this was very clearly me forgetting the date to pay and not long-term collections type issues. However, the landlord seemed a little nervous when I told her I was changing jobs and going to work for a “startup.” I quickly responded “don’t worry, they’ve raised a lot of money. And we have enough in the bank to pay for a year of rent even if for some reason we ever did lose our jobs. Come on, how could you turn us down? Continue reading
My boyfriend and I are terrible – terrible – at making decisions. He’s so terrible at making decisions at 31 he has never left his house and after eight years of dating we’ve never moved in together. I’m slightly less terrible at making decisions, but I am not anywhere near good at making them either.
So finding an apartment is an extremely difficult #firstworldproblems challenge. We’ve seen over 40 apartments and every one is not up to my standard of living, especially for the price they charge! I always thought if I decided to move to San Francisco I’d be ok with paying an exorbitant amount for rent, but it feels wrong to pay so much to live in the burbs. I don’t care how great the town is.