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View Poll Results: Are you living beyond your means? | |||
yes | 7 | 24.14% | |
no | 22 | 75.86% | |
Voters: 29. You may not vote on this poll |
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10-06-2008, 03:50 PM | #1 |
Demiurge
Join Date: Aug 2005
Posts: 36,368
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Are you living beyond your means?
eom
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10-06-2008, 04:02 PM | #2 |
Senior Member
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Nope, 4 kids in a 2 bed 1 bath house. Only debt is mortgage which will be paid off in 5 years. We are going to add on soon though. Going to talk to contractors next month I hope. It is getting a bit crowded.
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10-06-2008, 05:24 PM | #3 |
Senior Member
Join Date: Aug 2005
Location: Norcal
Posts: 5,821
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Wow, we are kindred spirits. I have 4 kids in a 3 bed 2 bath house of about 1400 sq/ft. We like the place. I have 9 years left on my mortgage and I bought it at a rock bottom price of $90K. Other than our home we have no debt.
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10-06-2008, 05:45 PM | #4 | |
Senior Member
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Quote:
We bought ours at 87 K but it may cost close to that much to add on. I am waiting for most of the contractors to be really hurting iwth the slow down so I can get better prices. |
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10-06-2008, 06:05 PM | #5 |
Demiurge
Join Date: Aug 2005
Posts: 36,368
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buy a storage shed, put it next to your house and cut a door in your hose to the storage shed. Caulk the seal between the shed and the house. Put up a layer of thin insulation and then drywall that sucker. Run an extension cord for your light behind the dry wall. Cut yourself a window for the air condition unit. Done.
Much less than 87k. |
10-06-2008, 06:23 PM | #6 | |
Senior Member
Join Date: Oct 2007
Location: Orange County, CA
Posts: 9,483
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Quote:
What many folks are doing......using their tandem garage as a 1-car garage. They put up a drywall halfway through their garage, mud and tape it, and convert the back end of the garage into a regular room. It connect to the main house just as the old garage door would. I have seen them used mostly as play room for kids. This totally violates the CCRs as well as the local building codes, but it is much cheaper than paying for the extra bedroom.
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10-06-2008, 06:37 PM | #7 | |
Senior Member
Join Date: Mar 2008
Posts: 1,484
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Quote:
For an emergency preparedness obsessive, you're sure satisfied with crappy houses that can't withstand a gnat's fart.
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"Now I say that I know the meaning of my life: 'To live for God, for my soul.' And this meaning, in spite of its clearness, is mysterious and marvelous. Such is the meaning of all existence." Levin, Anna Karenina, Part 8, Chapter 12 |
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10-06-2008, 06:39 PM | #8 |
Demiurge
Join Date: Aug 2005
Posts: 36,368
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like I wouldn't use some ropes and stakes.
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10-10-2008, 05:23 PM | #9 |
Senior Member
Join Date: Jan 2006
Location: Salt Lake City
Posts: 1,058
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I would say I've probably been living beyond my means. I bought my home less than a year ago, so for me, it's a pretty big mortgage. My home isn't big, but it's sufficient for now. I have 2 car payments and am still going to school. 2nd baby comes in December.
That said, I'm cutting back on a lot of stuff and rearranging our spending. So we're starting to live within our means now. My road bike is paid off.
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Get your BYU license plates http://dmv.utah.gov/licensecollegiate.html#byu You do not have to wait for your current registration to expire. Get your freakin' plates on your vehicle and be TRUE BLUE!!!!!! "I'm on my beater bike" Translation: I had this baby custom-made in Tuscany using titanium blessed by the Pope. I took it to a wind tunnel and it disappeared. It weighs less than a fart and costs more than a divorce. |
10-06-2008, 04:02 PM | #10 |
Demiurge
Join Date: Aug 2005
Posts: 36,368
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I think most people that are in fact living beyond their means don't really believe that they are.
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