In college, I never saved for anything unless it involved a vacation. I mean, why? Money was for spending, so I was going out! Again!
Here I am at my real job, making a real salary, and I'm mostly spending but I am saving a little bit. And I'm thinking where me and my fellow recently-graduated friends can go on our next trip: Cancun? Miami? VEGAS! The possibilities are endless.
Oh wait. Then I had a reality check at work today. *Real* people in the *real* world don't save up for trips to Vegas or Cancun. They save up for down payments on houses and condos.
Wait, what? A house? You mean, with a mortgage? But doesn't that mean you have to stay there...like...forever? In my world, the only people buying houses were parents! Since when do 26-year-olds buy houses?
This concept is beyond me. What if I want to move next year? or next month? Or next week?
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I think house-buying is saved for the "past 30" crowd personally - without a family to support, I plan on traveling all I can!!
ReplyDeleteI found it easier to think of it this way... you either pay rent to a landlord or pay rent to the bank, only they call it a mortgage payment. You lose some of the flexibility but you gain from any increase in property value, and by about month 3 into the mortgage you quickly forget about the fact that it's a mortgage.
ReplyDeleteAnd here's a question for a question, do you want to move next week, next month or next year? If you do, you should! Simply wanting to keep your options open is slightly different.