This is my tentative budget for after the house sells.
The items on the left hand column are “required”, the ones on the right are “goals”. The total needed to live comfortably $3,807. Getting rid of my credit card debt and housing costs will be a huge weight off my shoulders. What am I missing or forgetting in this budget?
One thing to note, is this budget was created with the idea of traveling and car camping in mind (see all the gas,) but for the bulk of the summer, I will be stationary. The plan during the months I’m with my parents will be to put all monies not spent into savings.
Again, the two year goal is to save enough to be able to buy land for a tiny house. Thus, the $1,500 per month for Move. After 2 years, that will be $36,000.
I will be posting my “what will I do with the house money plan” in the next few days. It’s a really soft plan as I’m not sure how much money I will walk with. The current guesstimate is around $50K, but again, that’s a really loose estimate.
House Update
The house is currently under contract…again. Since this is the 3rd time, I’ve learned not to count my chickens before they hatch. So we wait…
It did go under contract to one of my “exclusions” with the realtor. A family who had seen the house a couple of times before I signed the contract with him. In fact, they didn’t make an offer until the day the professional pictures came back and it was going to be listed on MLS. So I am saving 3.5% in realtor fees if this one closes. I am paying the buyers’ agent 2.5%.
They had 3 contingency periods, the first has expired. They’ve put down $1,000 in earnest money. And the inspection happened this week. The second contingency period ends Sunday. If we get through that, I feel like it will most likely close.
But again…just waiting and focusing on work.
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