At 25, my spouse and I are at the moment saving about $2,500 a month. Our plan is to proceed working full time for the subsequent 5-10 years whereas saving not less than the identical quantity. As soon as we’ve gathered sufficient financial savings we’d love to maneuver abroad.
We at the moment dwell in a pleasant a part of town the place hire is often fairly excessive. As a consequence of our landlord being notably hostile to elevating hire costs and our house constructing being a bit beat down (regardless of upscale surrounding areas and neighborhoods) we pay $1,200 in hire for a 1b house.
Though we’re fairly pleased with our present hire value, we will’t assist however really feel that we’re finally simply throwing that cash away. Do you guys assume that it’d be extra helpful to our objectives to attempt to purchase the identical house (or related) and promote it as soon as we’re prepared to maneuver?
Thanks prematurely to your assist!
Edit: Forgot to say, we at the moment have $25okay in financial savings.