Thursday, March 03, 2005

the big stuff

it looks like when you calculate our tithe and daily cost, we're spending about 14k a year. see! i was right! we do live like we're on welfare. that accounts for all travel, food, purchases, gifts, rent, tithe, insurance, out of pocket medical, what have you.

so, where does the rest of the income go? taxes and savings.
at this rate, we'll be able to afford the 20% on a new house (i'm estimated a 160-180k house) by THE END OF THE SUMMER.
it's crazy: last year we leveled the 24k in student loans, got us a 'newer' car for 5k, a new dining room table for 500 smakers, an xbox and some new clothes for that person that lives in my house with me (not near as many as she'd lke i'm sure).

we've only been saving since about october last year for the new house and we're almost half way to 40k (whatever that is). my taxes never felt so good. it allowed to me to sit down and see that we are way ahead of the financial game and COULD live on welfare if we had to.

we ran the numbers last night and played like we worked at mcDonalds - we could afford our current lifestyle (just no savings or new house).

maybe i hsould have gotten in on google's ipo. that would have been nice.
i guess it's time to start looking on the house market. see what's out there.

2 Comments:

Blogger Unknown said...

it looks like spokane is a decent area to invest in real estate: it is increasing and the median home price is still reasonable. 2004 home sales

3/03/2005 12:16:00 PM  
Blogger forkev said...

wow, reno is considerably more!

3/03/2005 02:07:00 PM  

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