So I have a little confession for ya'll.
I'm here because I was DECIDEDLY CF for about 5 years, and then for the last year have had second thoughts.
I really like this board because it's sensible and has great dialogue. I'm hoping to rebolster my CF notions, but I was losing the battle with myself... until last night.
My partner and I were working out a rough budget so that we can figure out how much of a house/condo we can afford to buy next year. I was essentially counting up all our expenses, and then trying to apply the 50 needs/ 30 wants/ 20 savings ratio from All Your Worth (though I haven't read it). Then solving for x (what we can afford for our house, property tax, and home owner's insurance) out of our 50% needs budget.
OMG. We can NOT afford that much. He has a great job, and I'm finishing up grad school and hope to be getting a good job VERY soon. We should be in the bottom of the upper middle class bracket once I'm employeed. We had to adjust our expenses to 60% needs, 20% wants, 20% savings to be able to afford suitable housing.
That KNOCKED the baby fantasy RIGHT out of me. LOL. I don't know how people do it. I hate to shop. I hate to buy excessive things (in fact I'm a minimalist who prefers purging to acquiring). I hate to waste money, we will be well off and yet, our budget will be tight once we buy a house.
That's my confession, and happy resolution. Any one have any other confessions
