How to Love Your Home (And Afford It, Too)

– Your home could either
be a blessing or a curse. But in this episode,
we’re going to talk about how you can love your
home and afford it, too. (upbeat pop music) Well, hey you guys, I’m so
excited about this episode, because we are going to be talking about how to own your home
without letting it own you. That’s right. Now, a lot of you are
currently paying off debts or you’re saving up for
your emergency fund— which is fantastic—and
paying off your mortgage seems so far away. But there are some things
you can do to help you now and in the future with
paying off that mortgage. So, we’re going to walk through
how to pay off your home early, because who doesn’t want to do that? We’re also going to Skype in a couple who’s currently on Baby
Step Two with a mortgage, but they want a new home. I know some of you out there,
you have the same situation. And last but not least,
we’re going to talk about when is the right time
for you to buy a home, and we’re going to have a
real estate agent here to give us some great tips
on the home-buying process. But listen, the topic of
your home; this is a big one. It’s kind of an emotional
one, because not only is it the biggest financial investment most of you are ever going
to make in your lifetime— it’s a big deal—but it’s
also your home, right? Like, this is where you
go to bed every night, where you wake up every morning, where you raise your kids,
where you have meals. Like, this is a huge staple in your life. And for a lot of people, it brings a lot of joy, which is so great. But at the same time, it also can bring a lot of financial stress
and financial strain and even some discontentment—yeah— when you’re comparing your
house to everyone else’s. I feel like I’m in the season of life where a lot of my friends are moving out of their first homes because they have multiple kids now, and
they’re busting at the seams. And I’ve heard the
phrase over and over, like, “Ugh, if we just had more space, everything would be better, right?” So, it could be the size of the house that you’re discontent
with, or maybe it’s not. Maybe it’s what’s inside your house you’re discontent with. Or, you know, when you walk
into someone else’s house, and you’re like, “Am I in
Pottery Barn right now? What is this?” Every light fixture looks like it’s from Restoration Hardware,
and you’re like, “Oh, my gosh, this is just the most
put together, beautiful— like, your paint colors work
with the fabrics on your couch.” All of it is just gorgeous, right? Like that feeling you have? Ugh! So, listen, you can be very
discontent in your home. And trust me: I have been there. And this is a big deal,
because this is totally what happened to Winston
and I when we moved into our first home. (jazzy piano music) So, just a little backstory: We bought our first home; it was in 2009. (claps) That’s right. We bought at the bottom of the market. So, we actually go our
house on foreclosure. We were able to get a bigger home than we probably normally would’ve just because of where the market was. But here’s the deal: When
you’re moving in to your home, it’s a little bit bigger
than what you planned. You don’t have furniture. Yep, we had no furniture. We bought a couch, we
bought a coffee table, we bought a kitchen table,
and some bedroom stuff. So, like, that’s it. We had places that were just empty. Like, barren rooms. There
was nothing in them. And when we moved in, I was like, “Oh, man, I kind of now get why people go into debt.” It really—it was
one of these first moments where I was like, “I could go
to Pottery Barn or wherever, and I could go buy
all this furniture. We could pay for it, you
know, a little bit each month.” But my instant gratification and that itch would be scratched. Like, “Oh! It’s just going to feel so good. I just want to do it
now, I want to do it now.” The idea of waiting
and saving was so hard. But, of course, we did. Don’t worry. I did not go
into debt for my furniture. But it took us years. And when I say years, I
mean a solid five years to finally furnish all of the rooms. Because we took our time,
we wanted some nice pieces. But those first five years,
there were moments where I genuinely was kind of embarrassed to have people over. And I look back now, and I
was like, “That’s so stupid.” But beforehand, I was like,
“Man, I like don’t want to have people over because it
looks like we have nothing. They’re gonna walk
into this empty house.” But I got over myself. And it’s so funny when you
put expectations on people, and they don’t have them. My friends, they don’t care. They didn’t care at all—like, at all. And so, it was just that
moment that I look back and I’m like, man, I’m so glad
I got over that rather quickly and that we took our
time to furnish our home, because we still have those
pieces now, nine years later. Right? So, they’ll
probably move with us to our next home. So, we did
some investment on that end. But it was just important
to point out that discontentment is real, you guys. It is. But you can overcome it in your home, and you can learn to love your home— not everyone else’s. I promise. All right, coming up next, most
of you are paying off debt, and you are killing it. You’re in the process, and
you’re doing so great. But there are some things
you can actually do right now to help pay off your mortgage early. – Why do we fight with the
person that we love the most? – What’s crazy is one of the
leading causes of divorce in America today: money
fights and money problems. – Money’s the number
one source of conflict. It doesn’t matter how much
you have—a little or a lot. It’s still the source
of a lot of friction. And what happens to negative
feelings that we bury? They have a high rate of resurrection. – It’s amazing that money hits
us in a place in our marriage that no other subject does. I want you to put yourself
back in the driver’s seat of your life and your money,
because I want you to learn to love your life, not theirs. – Your relationships can only
be as healthy as you are. – Don’t get on the same
page with your spouse just because of your bank account. Do this for your marriage. All right, I think everyone out there wants to pay off their
mortgage faster, right? So here are three things that you can do no matter what Baby Step you’re on. Now, if you’re wondering,
“What is a Baby Step, Rachel?” Well, if you don’t know
what the Baby Steps are, it is a proven financial
plan to get you out of debt. They’re amazing. So, make sure to check out
my recent episode, titled, “The Seven Step Plan to Live Debt-Free.” You’ll learn all about the Baby Steps. All right. Number one how to
pay off your mortgage faster is to refinance for a
better interest rate. So, if the current interest
rate is actually lower than when you bought, this
could be a great option for you, because, ultimately, at the end, it’s going to save you money, which we love. Number two is to refinance your mortgage from a 30-year mortgage—
if that’s what you have— to a 15-year fixed rate. So, when you do this, I will warn you, your monthly payment
will go up a little bit. But the good thing about that is that you’re paying off your home faster, and you usually get a better interest rate with a 15-year mortgage versus a 30-year. So, if you think about
it—like the math side— a $250,000 mortgage—
you could save over— get ready for this—$130,000 in interest by going to a 15-year fixed rate. You guys, $130,000. What could you do with $130,000? I could do a lot of shopping—
that’s what I could do. I mean, that’s a lot of
money back in your pocket. So, if you want to do that—
if you want to refinance, I recommend Churchill Mortgage. So, they are awesome. They work with people all the time on this. Make sure to check them out. And last but not least, to
pay off your home early is to look at your current situation and look at what your mortgage is costing you in your budget. How much is your mortgage? Is it half of your
monthly take-home pay? If that’s the case, you guys,
you have too much house. This is a hard pill for a
lot of people to swallow. But, seriously, think about it. It’s going to be really
hard to win financially and pay off debt and save
up for an emergency fund if half your income or more
is going to your mortgage. And so, you’re working really
hard to keep that house, okay? So, you might be in a better situation if you sell that home and move
to one that you can afford, where you have less house,
but in the long run, it’s going to help you. You’re going to pay off
that mortgage faster because, financially, you will be ahead. All right, most of you are in Baby Step 2, and it probably feels like
paying off your mortgage is so far away, but
stay motivated, you guys. You can do this. Use those steps we just talked about, and pay off that mortgage.
You can do it. All right, we’ve called in
a couple who is currently where, probably, a lot of you are. They are paying off debt,
but they want to move. But they want to be wise. So, welcome to the show, Emma and Rolando. Thank you so much for coming
on and sharing your story. – Thanks for having us. – Yes, thank you for having us. – Absolutely. Okay, so, you guys are on the
debt -free journey right now. You’re working your way out of debt. So, I want to know—
How much debt did you have, and how much have you paid off so far? – So, we started out with $169,000, and in 25 months, we’ve paid off $153,000. – You guys, that’s insane.
That’s absolutely insane. – Thank you.
– Okay, I want to know— What made you start
when you had all that debt? What made you say, “Okay, we
want to actually get out. We want to do something
proactively with our money and get out of debt.” How did
you—what made you start that? – So, initially, Dave came to
our church here in Houston. And he made the pitch for
Financial Peace University, the class, and Rolando
was pretty much all in as soon as he heard it. I was more hesitant. I was—we both have student loans. I had almost $90,000 in student loans. So, I figured I’m always gonna
be paying these loans anyway. Why would we sacrifice so much? And then, we laid out all of
our debt when we got home. And that’s when it hit me that we have to do something about this. Dave illustrated a borrower
being slave to a lender with the chains.
– The chains, yeah. – And that just—that just
got me whenever we laid out all of our debt, and I said we have to. Because I’m literally working
to pay my student loans. – Totally. Okay, so how long
will that debt-free journey be from start to finish? What do you predict? – From start to finish,
it’ll be about 28 months. – 28 months. Okay, and you
guys own a home currently? – We do. – And so, are you guys happy there? Are you itching to move? Where are you at in that process? – So, we’re kind of on different
sides of the fence there. We’re both happy where we’re at. However, I’m excited that,
once we’re out of debt, we’d be able to save up, sell our home, and eventually purchase a larger home. She’s got a different
perspective on that, though. – Yeah, he’s the one—
I guess I’m the more content one, I guess you could say. He’s already looking
at homes, you know, “Just for fun,” he says—
ready to move to a bigger house. And I’m just more content and comfortable where we are already. – And so, I’m curious—
What’s the biggest motivation to move? Do you feel like you’re
busting at the seams for a bigger home, or
you’re just like, “Man, we could afford it, and it’ll be fine?” Like what’s the—what do you think? – I think it’s both, right?
So, as our family grows, I’d love to grow into a bigger home. And then, again—being out
of debt—not having that weighing us down, it’d
be a whole lot easier to move into a bigger home,
because we can then afford it. – Yes, totally, totally. Okay, so the fact that
you kind of have that itch and together, you guys
may not necessarily want the same things right this minute. What keeps you from not doing it? What keeps you guys
paying off all your debt, saving up for a down payment? What keeps you on the plan when you still have that itch to move? – Well, I think—starting
off—it’s understanding that we’re so close, first of all. We’re so close to being out of debt. Why jeopardize that at all right now? And then, just being able to say
“We’re free, we’re debt-free, we don’t have any bondage now.” And it’ll open up and free up that income. – Yeah, and I agree
with that, and it’s also seeing the success of focusing
on this getting out of debt— how successful you are by
just focusing on one thing, rather than spreading your efforts out, and then just remembering
why we’re doing this. We have two little ones, so
knowing, like Dave says, we’re changing our family tree. And that is worth the wait for us. – So good, I mean that’s
just, like, the classic example of that long-term goal— that long-term freedom—what you see. It may not be in the moment,
but you see it’s out there. You see it’s possible, and
that keeps you motivated, which I think is just so important. So, what would you say—what would you say to someone watching, and maybe
they have $85,000 in debt, and they’re like, “Man, I think
I’m going to start this journey. But, like, ugh! I hate my house.
I hate the carpet in it. I hate the paint,
I want a different floor plan.” And they just want to move
right now with all that consumer debt, what would you say? – I’d say, “Just wait. It’ll be worth the wait. And again, because you’ll be able to use the income that—instead
of paying toward debt, you’ll be able to throw it at a house. You’ll be able to, possibly,
afford the home of your dreams, instead of having to
settle for something less.” – Yeah, I agree that it’s worth— it would be worth the wait. And you have to learn to—
I guess my big word is just being content and be
happy for what you do have. Work at this current goal,
and know that, in the future, those all will be possibilities—
that you don’t have this debt weighing you down. And like he said, you’ll have even more options available to you. – Oh, I love that. Right.
Because it’s not like you’re never going to be able
to have the nice home, right? It just, maybe, putting
something—put things in place for you to enjoy that home
so much more than right now. So, I think that’s such
good advice, you guys. And you’re killing it. I mean, you guys are doing
crazy stuff right now, paying off all that debt. You’re sacrificing, putting
some of your wants aside for the moment, but absolutely—
absolutely incredible. And you’re exactly right
what you said earlier, Emma. You are changing your family
tree for those two kids. So, thank you so, so much for coming on and encouraging those watching. – Thank you for having us. Appreciate it.
– Thank you so much. – I mean, how awesome were they? You guys, I love how focused they are. They’re just so great. Okay, so those of you working
through the Baby Steps or those of you who haven’t
even started the process, there’s one requirement I have of you. And yes, I’m going to require this of you. You have to have life insurance. Okay, I know we go over this often, but it’s really important,
and you have to have it. I mean, imagine if something
were to happen to you or your spouse, and they
left you with that mortgage and all the other expenses? It would be terrible,
so you need to make sure that you and your family
are taken care of. Now, Winston and I, we use Zander Insurance, because they make it so easy. All it takes is a simple phone
call or visit their website, and they will shop the best rates for you. We recommend getting 10 to
12 times your annual income. And if you already have
term life insurance, then it would be a good
idea to get a new quote, especially if you’ve made
any lifestyle changes, like losing weight or you quit smoking. All you have to do is go to or click the link in the show notes. Alright, coming up next is Alex Helton, who is an awesome real estate agent. And he is going to walk us through when you are financially
ready to purchase a home and what to look for. He is one of our real estate
Endorsed Local Providers, and these are agents that we recommend all over the country to help
you buy and sell a home. (synthetic music) – Well, thanks, Alex, so much for coming on, sharing your wisdom.
– Thanks, Rachel. Glad to be here. – So appreciate it. All right, you guys. So, when
you’re looking to buy a home, here are three things to remember when it comes to your money to know that you are ready to buy that home. First and foremost, I want
you completely out of debt and a fully funded emergency
fund of three to six months of expenses in the bank. So, this is great, because this sets you up for your house to be a
blessing, not a curse. And, Alex, you know that,
but it is—it’s so key. So key to be out of debt and
have that emergency fund. Because if you’re broke, you
guys, and you buy a house, you become broker, is
what ends up happening. So, getting that solid
foundation is so, so key. And then, next, I want to
make sure that you have a good down payment on your home. So, Alex, I always tell people
10 to 20% down payment is the ideal world, so would
you agree with that? – For sure. So, we would
recommend putting 10% down. By doing that, you are—keep in mind these folks are working toward ultimately getting the
home paid off, right? And so, if somebody says,
“Hey, can I get a loan and put nothing down,” they are
out there. Those are options. It’s just not consistent with
where we’re trying to go. – I think that that is great advice. And, you guys, if you are
saving up for a down payment, you can click the link in the show notes and get my free Down Payment Goal Tracker to help you stay encouraged
while you’re saving up for that down payment. And then, last but not least,
when you’re taking out your mortgage, make sure
to get a 15-year fixed rate and that your payment is no more than 25% of your take-home pay, so that’s key. All right, Alex, you’ve been
doing this for how long? How long have you been selling homes and helping people buy homes? – Six weeks now. (Rachel laughs) – I, literally, was like,
“You’re really good at this.” – 12 years, 12 years.
– 12 years, okay. So, what are some things that
people should be looking for when they’re going to buy a home? – The first thing I would
do would be encourage them to remember what got them here, right? So, patience. They’re working a plan, and they’ve had discipline. And so, what you don’t want to do is throw all those things out,
get into the process, be overly emotional, and then put yourself in a bad situation, right? The second thing that we
want to encourage people that have never bought a home before is that this is your first home. There’s probably going to be a second, maybe a third, a fourth, a fifth. This is not your forever home,
so just keeping that in mind. – Because it’s emotional, right? Because when you’re buying a home, you’re imagining yourself in it, especially your first one, right? It’s like—this is the biggest purchase you’ve ever made in your
life, for most people. And it’s like—this is where
I’m going to raise my family. This is where life’s going to happen. It’s going to be so exciting and so great. But it’s probably not
going to be your dream home, especially your first one. So, I think that’s a great,
realistic expectation just to throw out there and
remember, so that’s good. – Yeah, so now that we
have the right mindset, then we’re going to work on three things before we go shopping. The first one is getting
really clear on a budget. We know what you all recommend
with having a mortgage with HOAs and taxes no more
than 25% of your take-home. But that doesn’t mean that
they’re clear on their budget. So, they need to get clear
on their budget first. – That’s good. – The second thing would be a wish list. And not just a wish list but
prioritizing your wish list. And some of those may be non-negotiable, and others may be strong preferences. But that’s going to be really helpful for somebody starting out. – And those non-negotiables,
I think, are so important, because, I mean, I think
about, like, for instance, it could be a yard, right? You’re like, “I don’t
want a zero-lot-line. We want a yard.” And what it does is it
just starts narrowing down what you want. And those big priorities— those non-negotiables—you’re
still going to have options, but it’s not like this
whole world of houses, and it’s so overwhelming. It does narrow it down, and it helps you be wise in those decisions. – That’s right.
– I think that’s so smart. – Yep. The third thing is going to be choosing an agent—hiring an agent. You know, we recommend reaching out to an Endorsed Local Provider in your area for real estate services. And when you’re looking for an agent— when you’re interviewing those agents— we recommend interviewing, you know, anywhere from two, three, however many it takes to be comfortable. And you’re probably going to
be comfortable with them, because you trust them. – Yes, trust is huge. – And not a blind trust.
Like, you’re the expert. I don’t know what I’m doing. But we’re partnering together, and I’m trusting you to guide me. I’m trusting that you’re
going to be patient with me— to answer questions that I have, right? If red flags pop up or whatever it may be— I’m trusting that you’re
looking out for me and that you’re giving
me really good advice. – Such good tips. Okay, so I want to know some red flags. Some things when someone walks in a home— that they have to just
run out the back door, and you’re like, “Get out
of there! Don’t do it!” What are the big
red flags to look for? – Yeah, just throughout the process— so we’re assuming that
you’re working with an agent that is an ELP and that you trust them and that you’re comfortable with them. But if you hear the words—
I was thinking about this— if you hear the words coming
out of anybody, alright— – Can’t wait. – of, “That’s not a big deal.” And then they want to keep moving on— huge red flag for me. – So good. – And it may or may not be. – Yes. – But I— – But they’re not taking
the time to explain it. – And these folks should
expect that they take the time to explain it to the point
that they are comfortable making their own decision
to move forward or not. – So good. Oh, I love that. Guys, there’s so much in this. Yeah, for real though,
such great advice, Alex. Thank you. And I know you guys
probably learned a ton, so seriously, thanks
so much for coming on. – Yeah, my pleasure. (upbeat pop music) – Okay, you guys. If you’re
getting ready to buy or sell a home, make sure you connect with an ELP real estate agent like Alex. So, click the link in the show notes to get in touch today. All right, best part of the
show. I celebrate you guys. That’s right!
#sheworkshardsavingmoney. And it’s a Baby Step 6 edition. That’s right! These are all people who are currently paying
off their mortgage. Tami said, “Baby Step 6: Took my coin jar and took a bit of money from selling a couple
of items from our home for a $55 principal-only mortgage payment. A little at a time is better than none. I now owe less on the mortgage
than my annual salary. Feels so great!”
Oh, great job, Tami. – Kevin said, “What a year! We finish out the year with our biggest mortgage payment ever! Over $10,000!! $75,000 of debt paid off in a year! And one year closer to freedom. Don’t let anyone tell you
you can’t do something. You can do this! Crush 2019!” I love that, Kevin. That’s right. Anyone—
you can do this you guys. Melissa said, “We are celebrating a major victory over here today. Last week, we brought in
our final mortgage payment to Veridian Credit Union and walked out with a weight off our shoulders.” You can do it, too, and we are here to support you along the way. Melissa, you guys paid off your house. Look, guys, it’s possible.
They’re doing it. Oh, I love it so much. Well, I really hope you guys
found some encouragement on today’s show and ways
to pay off your home early. All right, thanks to Emma
and Rolando for Skyping in and for Alex for coming on and giving us some great real estate tips. And make sure to subscribe
to my new podcast. That’s right! The Rachel Cruze Show is on the Apple podcast or wherever
you get your podcasts. I don’t want you to miss out, so make sure you go and subscribe there. Well, thanks, you guys.
Thanks for watching, and remember: As always,
take control of your money and create a life you love. (upbeat pop music)

46 thoughts on “How to Love Your Home (And Afford It, Too)

  • That is so me right now! Moved into a much bigger home than where we were and it is soo expensive to furnish a home BUT we are doing it in baby steps… cash flowing everything. Just ordered this coffee table that I had been eyeing for months and today it is on sale!!

  • This was so helpful! My husband and I are saving $100k for our down payment, closing costs and upgrades … we will be buying at the beginning of 2020! So excited and this really motivated us!

  • People who judge you by your furniture are not friends. And the opinion of other people should not bother you. Friends should support you not give you a bad feeling for not having the latest and coolest stuff. So true Rachel!

  • Rachel, thanks for sharing information about the house. I'm taking notes and be prepared for a down payment. I'm going to be a 1st home buy, when I'm ready.🤗👍🏽🎉🎉🎉🎉🎉🎉

  • Is it better to live very modestly while saving for a home and buy it outright or finance one like normal and pay it off over time?

  • I live in my car I love it I just updated my kitchen and its beautiful and no mortgage Iam saving money so that I can buy land an acre at least and put a tiny home or a van so excited

  • Will you do a show about remodeling a home? What does it take to save to reach that goal? I inherited an old home, that needs lots of repairs. Please, help. I feel overwhelemed and lost.
    I began 10 years ago by reapiring the roof, painting outside, and changing all the electrical. That was finished 5 years ago, and it took all my savings to cover those tasks that needed to be done. Now I'm a little recovered. However, I need to fix the rooms, paint, and may be remodel the kitchen, and he bathrooms. This will be my forever home, it's paid off, but I do not like the inside layout of it. 😱😱😱

  • Hi Rachel. I've been watching your channel for a few months now after checking out the Dave Ramsey channel. My husband and I will soon be starting the Baby Steps. We are in South Africa, how much would the Emergency Fund have to be in Rands? Should we save R1000 or equivalent to 1000 dollars which is actually R14 000.

  • Hi Rachel, I am also a huge proponent of the 15 year mortgage. How do you advise your viewers/listeners to pay attention to the fees associated with refinancing? I have decided not to refi in the past because the payoff was too high.

  • Can you even think about saving for a home when you and your significant other only make about 75,000 a year living in Minnesota? Am I stuck renting for the rest of my life?

  • I truly feel like this video was God sent for me. I ended up finding this home I LOVE online but it’s double the price of our home now. And the couple you talked to was definitely my husband and I except I was more like the guy looking at properties. My husband is more content where we are. We still need to do all the renovations at our home before we could sale it and everything so it would be a rush for us to purchase another home. We simply aren’t ready and still owe to much. It spoke right to me though about the size of our home and the things inside it like the carpet 😂 but we can definitely do with what we have awhile longer. Even though it’s a starter home we can try to pay it off and make it into a 15 year mortgage after we pay our other debts off. Thankyou so much for this video. If we would’ve signed for this home we would have been BROKER! This saved us 🙌🏻

  • No more than 25% of your take home pay is not possible unless I’m moving back to the hood where safety and other things are issues. I have a family now so In my area 25% isn’t possible

  • I was talking to a smart vester pro who said that some people buy these huge houses they can't afford to furnish, so when they have a party, they rent furniture!

  • I dislike the phrases "starter home" and "forever home". My house is what many people would consider a "starter home". That phrase and thinking leads to discontentment. We've been in our "starter home" for 13 years and have no intention on moving. That being said, the phrase "forever home" leads people to hold an object too closely and get overly attached. Life happens. Change happens. Why can't we just call our home, home?

  • Major house fever right now! We have about a year left of baby step 2. The idea of THEN saving and emergency fund THEN saving a down payment feels impossible. Thanks for the encouragement.

  • I love this show! Rachel has such great ideas and inspires me so much to save and to not worry what everyone thinks. Thanks Mary

  • I love your show. Honestly, it’s so relevant and you present everything in such a way that is down to earth and people really understand. And you must be a mind reader on these topics you’ve been choosing because so far, they’ve been exactly what I’ve been thinking/needing to hear.❤️

  • Wow…love this couple’s story. Great job paying off so much in a relatively short amount of time. Your options in the future will be amazing!

  • I really like how Alex emphasized to expect your ELP or anyone involved in the purchase process to listen and answer questions until you feel satisfied with the answers.

  • A majority of your audience is Target/Value City Furniture/Bob’s Discount Furniture/At Home people, not Pottery Barn/Restoration Hardware/Ballard Designs people. Cater to all demographics please. No wonder people are loving other people’s lives and not theirs.

  • Hi Rachel I love listening to you and have been trying to implent your teachings in my life. I live in Ontario, Canada where homes start at $600,000 and up… Rent costs an average of $2,500 per month…. What are your suggestions as the advice given seems pretty unattainable??…

  • What worries me about refinancing for a 15 year and a higher payment … what if you lose a job? What if you take a paycut? You can always pay more when you’re able to but having that lesser payment option makes me feel better for the “what if’s” just in case …

  • I just subscribed. we are doing things a little weird. We are below poverty way below. We are shunt have extra money to pay on debt much. But been paying on my house for 10 years now. My husband and i agreed to use our tax refund to pay our house off. Then use the money we would be paying for a house payment on starting the baby steps. But our house is no exaggeration identical horrible problems like the money pit home.

  • Thank you for addressing the embarrassment and unrealistic expectations from guests we put on ourselves when buying a new home. That feeling is so normal and so unnecessary! Wait and acquire what you can afford as you can afford it for no regrets.

  • I’m in my first house for the past 2 years. I managed to replace the kitchen and bathroom. Still have disgusting old carpets, 2nd hand couch and old bedroom furniture that came with the house. It’s so tempting to get a home improvement loan but I recently became debt free. Doing it the hard way, will be so much more satisfying in the long term. Hoping to have it finished by Christmas 🤞

  • Your friends didn’t care about your empty house. Lady, you are Dave’s daughter, they knew you were taking your time 👍🏽 Smart

  • Ok, my house is one DR himself would advise against. It's a double wide manufactured home on foundation/land. We've been here 15 years and love it. Its needing some work but I don't plan on moving anytime soon.

  • Why not just rent until you can afford your forever home? Why move so much, just for the sake of moving, and destabilize your kids' childhood? Also keep in mind that most people cannot afford their "forever home" until their kids are half-grown already.

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