Updated - Monthly Expenses - 2kids - owning house

[Kurrodu1]

2 minutes ago, Android_Halwa said:

India tickets and kids day care, renditlo edo okati compromise…parents are here then no need for the day care. 

Yeah ade cheyali. bayata prapancham parents ni ikkadiki teskochi baby sit cheyistunnam antaru but ground reality is different 

[kevinUsa]

26 minutes ago, Telugodura456 said:

Those who are advising rent - should take note that out of 5k he is spending on mortgage - 2.5k is savings only. There is also a chance of appreciation of property.

What nice townhouse you will get for 2.5k with 4 bdroom?

Em Anna andaru 5k sft house lo undala Canada lo people live in  townhomes near Greater Toronto area.  Mee  America nri LA kastalu chuste navvalo edavalo artham kadu 

If u think that how are people managing with less than 100k and live a peaceful life

[Android_Halwa]

2 minutes ago, Kurrodu1 said:

Yeah ade cheyali. bayata prapancham parents ni ikkadiki teskochi baby sit cheyistunnam antaru but ground reality is different 

Kids start going to school at 5, you should take that into consideration. So 1500 save in day care. Ipudu ante 8 tickets pedtunaru India Ki…in the days to come, you will cut down…year Ki okasari pothe/vachina ekuva

[Telugodura456]

3 minutes ago, kevinUsa said:

Em Anna andaru 5k sft house lo undala Canada lo people live in  townhomes near Greater Toronto area.  Mee  America nri LA kastalu chuste navvalo edavalo artham kadu 

If u think that how are people managing with less than 100k and live a peaceful life

he mentioned 2.5k sft. 5k is his monthly mortgage with taxes gatra.

[Kurrodu1]

4 minutes ago, Android_Halwa said:

Kids start going to school at 5, you should take that into consideration. So 1500 save in day care. Ipudu ante 8 tickets pedtunaru India Ki…in the days to come, you will cut down…year Ki okasari pothe/vachina ekuva

oka 5yrs aithe untadi ga bajana. Vaallu school ki vellaka activities, camp bills vastai.

[Kurrodu1]

3 minutes ago, plata_o_plomo said:

Good wife !!

motivation emundi kastalu vinagane vastundi, 2 interviews attend avvagane potundi. 

Hope my wife gets through competition and get a job. 

[Kurrodu1]

1 hour ago, Jalsa456 said:

Don't worry that much if u worry too much can't do much in life ..rather spend energy in getting high pay job and also remember day care expenses goes away 3 to 4 yrs also if u get solar and electric car power and gas bills go away (of course u pay for electric car and solar) but again long run investmeents..if u have gc or ead u can invest into those..

 

More than worrying about expenses..put ur energy in unskilled and ear more ..these are are more or less common scenario expenses with every other family in USA ..just giving some positive opinion..

Skills penchukune 150k salary nundi 235k+ Total comp ki camed still home konalenu. 

GC meda hopes lev. Wife job vaste will survive otherwise kastalu tappav

[Kurrodu1]

1 hour ago, praying said:

oh ok got it uncle, makes sense. emo uncle we also eat a lot at home even for that I spend 1500. idi varaku costco ki time pass ki kuda poyedi ippudu costco ki vellalante baam vestundhi uncle... debbaki 250-300 avtundi

my wife is housewife. Ardam cheskuni koncham economical ga naduputundi home ni. 

But still $1500/mo grocery bill feel steep to me. 

[Kurrodu1]

1 hour ago, phatposts said:

Good start. 

Some comments : New minivan konte Car EMI 500 kanna ekkuva avtadi, gas will be more than 75, health insurance 400 seems to be low unless your employer provides good options. 

Afford cheyyaleka pothe old build konachu kada? or as others said, rent a townhome for the time being. 

Till you are confident that the family's income can meet the expenses I would not buy a home with that kind of payment. 

 

avunu correcte, targetting to buy 2nd hand minivan for less and peddaga tirugudu takkuva car lo. may be 100 is more than enough for now. 

Old building options kuda choostunna. 

[ring_master]

5 minutes ago, Kurrodu1 said:

Skills penchukune 150k salary nundi 235k+ Total comp ki camed still home konalenu. 

GC meda hopes lev. Wife job vaste will survive otherwise kastalu tappav

235K TC petkuni endi baa nu ivanni cheptunnav

[Kurrodu1]

49 minutes ago, no01 said:

how about buying a 3 bed and 2.5 bath townhouse? Brand new ones are expensive now, but still single family homes kante thakkuve untai kada...or if u buy 10yrs old used townhomes, inka thakkuva untai. 350K - 450K lo dorakava mee area lo?

ippudu 5% down chesuko, couple yrs or later whenever interest rates goes down, re-finance and then future lo you can rent this house and move into single family.....investment property laaga undipothadi kada.

 

Down payment ki RSUs vest ayyaka paisal saripotai. Problem is home prices. Indirect ga wife ki big house mana budget kadu ani hint icha. 

2nd job lekapothe townhomes or old houses are options. 

[Kurrodu1]

1 minute ago, ring_master said:

235K TC petkuni endi baa nu ivanni cheptunnav

230k TC ki after taxes 160k vastundi. 150k bills unte, pay check to pay check aithadi bathuku.

Just felt like sharing with others which might help to others that want to take home.

[soldier]

3 hours ago, Telugodura456 said:

Looks realistic. good job.

Endhi 5k mortgage aha? 

[Cosmos]

1 hour ago, Kurrodu1 said:

230k TC ki after taxes 160k vastundi. 150k bills unte, pay check to pay check aithadi bathuku.

Just felt like sharing with others which might help to others that want to take home.

Eh technology? 

[Telugodura456]

12 minutes ago, soldier said:

Endhi 5k mortgage aha? 

3300 is principle plus interest assuming 6.5 percent interest. Depending on where he is it is 1000 for taxes. 

So 4.3k - better to put aside 5k