Gosh, It Would Be Nice To Be Married
July 5, 2010 13 Comments
I’m working on my short term and long term budget for my new job. Honestly, the budget for the first year doesn’t look too bad. Thank you all who gave me your advice in my last post! I’ll be posting my budget shortly.
I then started making a long term savings budget. I assumed no raises and no other changes to my day to day budget. Just working with the amount that I will be making next year projected over the next 15 years.
After 2 years my debt will be gone.
After 5 years I’ll be able to buy myself a new car ($11k – I don’t plan on buying a car with frills and I plan on paying cash).
After 9 years I’ll get my E-fund fully funded (assuming I never have to pull from it, unlikely).
However, even after 15 years my house savings will only be at $46,000. I know saying “only” $46,000 probably sounds harsh. But I want to be able to buy a house for myself outright in cash. Thus it would take another 15 years just to be able to afford a “mid range” house now.
I just keep thinking that it would be so nice to have a second salary to add to these figures.
In my “ideal” world of husband + wife one salary would go to the bills and day-to-day living expenses and the second would go towards savings goals. I just imagine how quick it would be to get to a $250,000 savings goal when $3,000/month is being saved rather than just the $1,000/month that I can put towards it on my own.
Well, I suppose I’m moving to a whole new city with a whole new set of men, so who knows what sort of men I’ll find there who can share in my life goals with me. 😉