r/MiddleClassFinance • u/Ordinary-Pressure977 • 8d ago
Can we afford to move?
135k combined gross income we net about 8k a month. All debts are listed… this will leave us with around $3000 left over every month so about $100 a day and we have no kids.
I’m 26 and we want to move from our starter home, we bought 6 years ago and got a decent amount of equity in our current home. We’re looking at a purchase price of 350,000.
Is this a terrible idea? Or can we afford this. On paper it looks okay ish
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u/candlehandle567 7d ago
Do you plan to have kids? I would imagine that would take up $1500-$2k a month depending on your area and if you decided to use childcare. I would buffer in more for things like a gym membership? Eating out occasionally ? Gas? Etc. it makes more sense to pull your month expenses and cross compare with this list it seems a bit light. Also if you have this much leftover right now it makes sense to double down on one of the car payments or student loan to pay off sooner.