Are you living beyond your means? - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

MikeWaters · 10-06-2008, 03:50 PM

eom

bigpiney · 10-06-2008, 04:02 PM

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.

SteelBlue · 10-06-2008, 05:24 PM

Quote:

Originally Posted by bigpiney

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.

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.

bigpiney · 10-06-2008, 05:45 PM

Quote:

Originally Posted by SteelBlue

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.

That is what I want to have. I plan on adding on about 250 sq feet in the form of a master bed and bath.

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.

MikeWaters · 10-06-2008, 06:05 PM

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.

TripletDaddy · 10-06-2008, 06:23 PM

Quote:

Originally Posted by MikeWaters

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.

In South County, much of the new construction for townhomes comes with these weird 2 car garages, known as "tandem" garages. Basically, instead of 2-wide, the garage is 2-deep. Stupid concept because if you need to get the front car out, you have to move the rear car out of the way.

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.

Levin · 10-06-2008, 06:37 PM

Quote:

Originally Posted by MikeWaters

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.

"I built my house of sticks, I built my house of twigs. With a hey diddle diddle, I play my fiddle, and dance all kind of jigs."

For an emergency preparedness obsessive, you're sure satisfied with crappy houses that can't withstand a gnat's fart.

MikeWaters · 10-06-2008, 06:39 PM

Quote:

Originally Posted by Levin

"I built my house of sticks, I built my house of twigs. With a hey diddle diddle, I play my fiddle, and dance all kind of jigs."

For an emergency preparedness obsessive, you're sure satisfied with crappy houses that can't withstand a gnat's fart.

like I wouldn't use some ropes and stakes.

bYuPride · 10-10-2008, 05:23 PM

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.

MikeWaters · 10-06-2008, 04:02 PM

I think most people that are in fact living beyond their means don't really believe that they are.

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

10-06-2008, 03:50 PM	#1
MikeWaters Demiurge Join Date: Aug 2005 Posts: 36,365	Are you living beyond your means? eom

10-10-2008, 05:23 PM	#9
bYuPride Senior Member Join Date: Jan 2006 Location: Salt Lake City Posts: 1,058	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. __________________ 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	#2
bigpiney Senior Member Join Date: Jan 2006 Location: Big Pine , CA Posts: 842	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.

10-06-2008, 06:05 PM	#5
MikeWaters Demiurge Join Date: Aug 2005 Posts: 36,365	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.