Reply
Established Member
Lily
Posts: 12
Registered: ‎10-17-2007
0

Re: whats the % again when figuring out what you can afford?

I just wanted to chime in and say that setting a budget of estimated expenses is a great idea - it certainly helped us figure out what we could afford.  We estimated that our utility expenses would go up because we were moving from a very old 700sq apartment to a 2200sq ft. home - however - utilities actually went down because the home is so much newer and energy efficient than the old apartment!  We did not, however, think about the cost of maintaining our large lawn - which has run us about $450 this year alone so far - and we didn't account for an alarm cost of about $40 a month either.  Fortunately we are able to cover the costs because of the utilities being so much less than anticipated.

 

Good luck with this process - it looks like you are going about it in a sensible fashion!


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+