Jon H
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Save your money.
The housing market will be shifting here shortly. What you want to do is. Wait for the market to saturate with homes, dropping home prices. Interest rates will go higher. This is the time to buy.
Buy when rates are high, and prices are low.
Then refinance when prices go up and rates go down.
Real Estate is a good investment. Much better than bracelets. |
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Lewis Y
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Of course you should save your money for a house.
I recognize the temptation to buy consumer items, but those things lose so much value as they go out of fashion, or wear out or get lost.
Get as much cash as you can. One day you will either pay rent or build equity. If you can save up a significant down payment, you will more easily obtain a loan, and at lower interest rates.
The more downpayment you have, the lower your notes will be. |
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mrsin
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saving is a good habit be it is for purchasing a new house. Just make sure u spent wisely and u can pamper yourself once a while but pursuing luxury good will burn your saving.. but subjective if u r going for branded stuff.. |
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anelthebad
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yes.you should save your money because braiclet and clothes are not needed in our life so buy something that you're going to use for rest of your life. |
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debashis j
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don't spoil ur today 4 tomorrow. You r too young to plan for a house now. For god shake have fun, spend & enjoy. Live life...
Enjoy the present, future will be a present for you.
COME MY LITTLE ONES & FILL UR CUP BEFORE LIFE's LIQUOR IN IT'S CUP BE DRY... |
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luvz2puff
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Save for the house!!!!!!!!! I did the same thing and at 24 was rewarded with my first property. Within 3 short years the house appreciated to around 3x what I got in for:)) Now the equity will allow me to at very least have a fighting chance at a comfortable future.. Good luck:) |
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mt_roberts@sbcglobal.net
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Like you mentioned, your friends are spending. In a couple of years when you have bought your first house,Where will they be? Wishing they had been as smart as you and planned better for their futures.
I have a 26 year old brother-in-law living we me right now. Why ?because his mother kicked him out and he had no money for his own place.
Congratulations on having your head on straight. Not very many your age would be thinking like you. |
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penny_zf
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That depends on what your goals are.
If your goal is to put a downpayment for a house and eventually be able to earn rental revenue, then you may want to hold onto the purchases of the branded goods first. It may be a better approach to have the money you earn from your investments such as stocks or rental income pay for your purchases or luxuries. In that way you are not using money from active employment for things that may depreciate in value. |
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jumpingrightin
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You are doing the right thing and have the right concerns. Don't let anyone tell you different. There is more to life than spending money. I highly recommend you get the book, the Automatic Millioniare. it has a very simple system to save and still be able to enjoy other things. |
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bluerosebud1976
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save your money, you will be happier for it later. just give yourself a bit of fun now and then so you don't feel deprived, otherwise you could blow it all at once. and when you do buy a house, pay a few hundred extra on it a month if you can, it will pay it down fast. that extra money goes towards the principle of the loan which means less interest for you to pay in the long run.
you are already thinking smart about it. keep up the good work. |
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Kittie_Nash
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My boyfriend has been saving since he was like 20. now if he wanted to yea he could put a downpaymet on a house. its well worth saving then spending it on something so small like clothes or shoes |
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don w
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if buying a house is your idea then yes save that money every pennie you can muster too save now on the down payment of your purchase will save you way more on your payments on the rest of the cost of your home you are smart too start on your goals you will be alot happer when thouse goals are reached but enjoy yourself some |
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calypso925
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save interest rates are low now and will be for a while you will appericate the house more than the tid bits |
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Nisha
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Yes it's true that if u save early, u save more...it's call compounding interest and the financial guys can't stop raving about it but not without good reason...save it girl, u'll have a lot more fun later :) |
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Leon
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well save up the money and wear wat u got. |
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KALA KOUWA
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Don't just save, invest it. By investing you will get return on it and also when necessary you can sell that investment and get cash. It is always wise to save some part of our income. |
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Stars-Moon-Sun
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Save it for a down payment on a house...Later in time cost will rise and it will be harder to buy a home. You'll pay much more for one too. |
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LOW
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Nature has not promised you that one week from today you will still have the same good health! Invest your money, at lest some in a 401K account.
Also, make other investments. Use some of your earnings to but what you want!
When you cannot work, where will you get the money to maintain the life style that you have now, until you die?
No one is going to GIVE you one red cent! |
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carmztaljaard
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Well you are only 21 you are certainly not going to settle down very soon are you?. But on the other hand time can fly I think that you should maybe try and do both save for a house and to buy what you want maybe just not as much and as expensive as you're used to. |
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uncanny valley
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Have fun while you're young, don't worry so much. |
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TOMMY
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GOOD |
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