We are staying with my father the first two years of the marriage.
During this time, I hope to accumulate at least $100,000 in savings.
My fiance will be a lawyer (we have no idea what kind of job he will have).
I am a teacher that is making:
$50,000 starting this Sept
$58,000 next year
$65,000 the following year
$73,300 the next year
$82,000 the next year
Contract ends there and the union renegotiates.
I will be moving out when I am making $73,300...but we will be married or 2 years and saving while paying my father $600 rent (way less than anything you can rent around here).
My mother passed away...my dad is a fabulous guy and pushing us to stay here...and the house is large even for the three of us.
If we were able to swing a $300,000 house - I think we could probably stay in it for over 25 years and pay it off (as long as we stay in the area). Of course, we would need to save closer to $130,000-$140,000. I might sound crazy, but I really think it is possible to do by the end of 2011. I am already saving $700-$800 a paycheck now and I get paid 26 times a year.
You are all so great - thank you for helping me!
<------ HUGE Dave Ramsey fan. I hope he would approve.
