Monday, January 12, 2015

Save! Save! Save!

[in this game money talks & it's loud]

There isn't enough sugar in Candyland to sugar coat the fact that, in order to lose you property virginity, you need the cold hard cash. The gross amount required for a downpayment, closing costs and countless other expenses that come with owning a home may seem farfetched. I won't lie and say it isn't somewhat daunting. Up until I did save the amount required, I had only ever seen that much money flashing under someones face during a game show. I never imagined ever seeing that amount in my bank account. I also won't lie and say it's impossible. 
If I did it, anyone can do it! Seriously!

A little about me; in my youth, every time I earned or was given $20, I would spend $40. As ashamed of that as I am now, I know I'm not alone. Saving in order to obtain my house was challenging. I moved in with my parents right out of college. I know, I know, social suicide. If I'm being completely truthful, it wasn't so bad. I was able to get in irreplaceable quality time with my folks. Years that I will forever cherish [sidenote: don't ever forget that as you grow up, your parents are growing old]. 

Enough with the heartfelt anecdote;  let's just say aside from my necessary expenses, my bank account was particularly tranquil. It was certainly frustrating at times, yes, now that I am finally in my own little corner of the world it was TOTALLY worth it. So, I couldn't go get Starbucks in  moments notice, or stock up on candles at Bath and Body Works still, I managed to survive. It takes time and determination but if you're willing to put in a little effort, your bank account will grow. My rule was always if I'm not thinking about it a week later, then I really didn't need/want it that much. If you will not die without it, don't buy it. Extra tip, every so often treat yourself! You know what I mean? Don't go off and blow your entire savings on a trip to Vegas but, see a show, attend a game, get a new purse or a pair of shoes. "Don't stop living in order to get a place to live." 

Saturday, January 10, 2015

How to Own Property... at 25.. by Yourself...

First comes job, then comes a carriage, then comes a place to lay myself to sleep at night. You see where I was going with that. I got my first teaching job in 2012, approximately, a year later I took out my first car, and a year after that I was able to close on my very first house. I have been crossing my t's and dotting my i's since I wrapped up my time in college. Everything has slowly been falling into place ever since. The story of how I purchased my home is similar to the types of things you hear in fairytales, truly. But, that's not here nor there, it'll be a story for another day. I compiled a list of "strategies" if you will, of things that helped me get to own my first place. 

My hope is these tips and tricks will help anyone who is about to embark on the same journey. If that's you, get ready for one hell of a ride. If you're fortunate enough to have a shipmate, best of luck to you both. If you're flying solo, the way I did, don't let the double signatures that appear on every single document get you down. Sign in the middle and you won't even be able to see it anymore! You'll know what I'm talking about when you see it. 

Without further adieu; here is my list of tips.



P.S. I will go into much more detail on each of these tips in future posts; including personal experiences and anecdotes