omdongi t1_jadbtph wrote on February 28, 2023 at 4:53 PM

It's technically within the rule of 36 (or 40). But not sure if you've adjusted for property taxes, maintenance, HOAs, or insurance, which may make it a little tight for you.

Caribbean_Investor t1_jaddeav wrote on February 28, 2023 at 5:03 PM

Just a little???

Needospeedo OP t1_jadfbsp wrote on February 28, 2023 at 5:16 PM

Yes that's kind of what I'm seeing I've got a spreadsheet with expenses. HOA, insurance etc. Comes out to around 1000 left over at the end of the month. How tight is too tight? Whats reasonable? Not looking to be house poor if I can help it.

omdongi t1_jadzs4i wrote on February 28, 2023 at 7:24 PM

Yeah could be doable but you're going to really need to budget. Hopefully that's not 1000 before saving money. If it is you probably need to reevaluate the decision.

Needospeedo OP t1_jae828g wrote on February 28, 2023 at 8:17 PM

That's 1000 savings every month give or take. I have retirement with a 5% match through work that comes out of my paycheck already. The 1000 is after retirement is taken out already.

Needospeedo OP t1_jae9njo wrote on February 28, 2023 at 8:27 PM

Health savings as well are already taken out as well like retirement. I put in the max allowable per year.