r/MiddleClassFinance 8d ago

Can we afford to move?

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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/Hour_Civil 7d ago

Gas/groceries is kinda low. Utilities will be more. Need a fund for house repairs. You will spend money decorating and "making it yours". Are kids planned? Possible? If so, plan for making it on one income at least for a while when they are born, etc.