How could you buy a house of your dream if you can't save money because of family problems and other matter ?

Question

I am already 24 and I want to have my own house at age 27 but there are lots of hindrances to make that dream come true.

If you are in my position what would you do?



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Answer 1

First you need to find a way to resolve the things that are hindering you from saving money. No idea what they are, but there have to be some solutions. The second thing is if you aren't making enough money, perhaps looking for a better paying job is in order. Finally, you have to have good credit, which you have to build. If you have no or little credit, you should start working on it. The way I first established credit with no co-signers was to buy a new television and apply for in-store credit to do so. After I paid it off, I had a start on developing my credit. Good luck.

Answer 2

What you need is a guide to how to be cheap but not look it. Go to pawnshops for rings. Go to goodwill, salvation army, and look on craigslist for her dress. Use minimal decorations, don't worry about favors- no one will notice. Have friends take the pictures, and put up flyers at a college for photographers. You can pay them waaay less than real photographers and if you hire two or three you will very likely get enough good pictures. Some times they will even do it for the practice. Also, for locations, just google community centers in your town and surrounding towns. They are usually less than $500 dollars to rent and they have the tables and chairs. All you'll need is the tablecloths and the food. Whatever you do, don't do pizza. That is tacky! See if someone you know who is a good cook would be willing to make the food if you pay for the ingredients. It can be their wedding present to you. If not, try Boston Market or Sonny's BBQ. Hire college kids to be the servers or to monitor the buffetts. Skip the flower centerpieces in favor of floatting candles, or bunches of candles on a mirror. It's really pretty and much much cheaper. If you get married in the morning, you don't have to serve alcohol. If you get married at say 7 in the evening you can serve appetizers and cake instead of a meal. Try Dollar Tree for decorations and plastic ware. Michael's craftstores have a ton of wedding things, and every week there is a 40% off coupon in the newspaper. Buy one thing every week! You'll save bunches. Have your fiance tell her friends she's planning a wedding- sometimes married friends have stuff leftover from their weddings they will let you borrow, such as cake cutting knives, decorations, veils, etc. Good luck!

Answer 3

It's a good goal -- owning you're home is a great idea (ignore what the guy above says). It's a leveraged investment (meaning you get the full increase in value as profit, despite not owning the house in its entirety) that almost always goes up in value. Plus, the tax code is written to the advantage of the home owner.

If you have hindrances in the way of your home ownership (debt, bad credit, low income), then address those hindrances. You probably won't buy your dream house at age 27; buy *a* house then sell it five years later and buy another that you like better.

Good luck to you,

Doug

Answer 4

Owning a home is expensive.It will cost you about $500 more per month than renting.

Work out your problems first then save for your house.24 is still young you have lots of time.
Good luck

Answer 5

When your money gets paid into the bank from your employer, ask your bank to automatically deduct a certain amount of it and put it into a separate savings account.

Answer 6

Home ownership is not so great. It costs lots of money. Imagine a black hole just inside the living room door. Every time you walk in, you throw all of your money into the black hole.
Do the best you can with what you have.