I think you guys are doing the right thing by putting the extra margin towards your trip. The down payment must be making you interest in your high yield anyway, so, live it up! Great update. Thanks for sharing!
I'm with you on the frustrations in the market place. I've been scratching and clawing for 4+ years to put away a nice chunk of cash for a down payment but still not even close to home ownership and really questioning if i really even want it anymore. I'm definitely feeling the 'blow it all on awesome vacations vibe' and have found myself googling flights to Ireland a lot lately. Ugh... There's a lot to be thankful for though!
Love your videos, just wondering are you guys still wanting to move to Colorado or is that on the back burner now you’re stepping back from saving for a house? Hope you had an awesome birthday! X
Thank you to your editor for putting back Kyle‘s rock & roll intro. I feel like I was missing it in a couple monthly budget videos. For T-Mobile, I linked my bank account for autopay to receive the discount. I submit a payment before the payment due date on my credit card to get points and I still get the $5 monthly discount.
maybe it's a slow roll out to bank debits only to receive the discount. They were notifying us of this change and I was pissed. I want those CC points!@@Ivy-wv4wd
We share the same birthday - yeah! Though I only just turned 30 on Friday the 13th. I have a question: how do you reflect the Ally surprise savings in your budget? To which category do you add them? Are they part of the leftover money?
Happy Birthday, Justine! 🥳🎉 October birthdays are the best 🍁🍂 I always get excited when a new B&B video drops. Hooray for international trips! I’m glad you guys are allowing yourselves to enjoy life a little more! Thanks for sharing 💖
Re: the rent vs. buy debate: purchasing a house is not an “investment” unless you’re a landlord…maybe. The Money with Katie Show did a podcast episode called “The Rent Vs. Buy Decision…” calculating all the costs that go into home ownership, versus renting and investing the difference (back in 2022 when mortgage interest rates were much lower) and the difference was negligible at best.
Just in case people don't know, you can adjust the video playback speed! Just go to the little cog wheel in the top right corner of your screen to find it. I do this ALL the time watching videos on YT!
I can empathize with you all about wanting to live a little more with interest rates just being so nuts. I had to bail on a trip because i felt guilty that the money could've been put towards the down and now i kinda just wanna go on the trip with how bad rates are lol.
Yuengling Lager--it's the local swill and all we drink. Ok We need to overhaul our budgeting process and track our expenses in a more precise detail. We've been a little lax lately.
Ok, I live in SoCal. Find a new daycare. Both of those things you mentioned are completely ridiculous. Best ones are child development centers associated with local colleges or in home.
Since you are from Kansas, you should move back to Kansas, specifically Western Kansas, where that "disappointing" down payment would become enough to buy a whole house almost here, like big yard, basement, double car garage, 4-5 bedrooms
I think when she said "you guys are getting whiny", they meant...for someone who is having $2,000 extra in their budget and 200+k in savings, you shouldn't be making it sound like you are so hard off. there are people who are in far worse situations than you are.
And that 2k is on top of their planned savings and in top of thousands of guilt free spending already budgeted for. People are right when they say that you can make more money and still feel miserable... It's a mindset thing.
I don't feel miserable. And what I know is we have to stop chasing after what we think will make us happy and get back to contentment. It takes constant reframing. We're human.@@lookingforsure
I don't really agree with the rent vs. own comment. The significant difference is that your mortgage will not last forever (for most people) - the majority of people retire mortgage free. On the flip side, you will continue to pay rent forever, which will certainly keep going up in price over time.
I think taking a break from the housing situation is smart. Get some distance from the disappointment of the market and enjoy your money. Then maybe reevaluate your housing plan. I don’t think you’ve mentioned building vs buying a home… that might be the cheaper way to go and you would get what you want. Besides you’re not going to out save the market right now living in LA. Regardless, Happy Belated Birthday I hope Harry Potter world was a blast!
You guys are such high income earners now, seems to me it might be better to purchase a rental property out right in cash in a lower cost state like Iowa or something and then you get rental income as well as the chance to be property owners. Maybe get one of your family members to be the landlord or something
I live in the upper peninsula of Michigan and your down payment fund would be enough for at least 40% if not 50% down on a nice house with lots of land here. However, not as much to do around here as where you live now. My heart hurts for people in your situation, making great money but with the interest rates and cost of living where you are home ownership is still out of reach.
Haha! I was thinking that they’ve drank the california kool aid and are enjoying life here. It’s very expensive but we are always looking for ways to stay. Especially after living here your entire life. It’s so hard to leave.
That does not bother me in the slightest. She has access to so many amazing things in our neighborhood. It's me who selfishly wants to indulge in a house.
A BIG flaw in the "your rent is the ceiling and your mortgage is your floor" analogy is that my floor will stay the same (other than tax and insurance costs). Your rent will continue to go up over the years. In addition, my mortgage will eventually be paid off and I will have taxes and insurance only. I am not saying homeownership is for everyone, there are certainly many situations where renting makes sense, but the argument is way too simplified!
Your biggest mistake is that $4,200 rent. Use the $165,000 to buy a house outright, even if it's an extreme fixer upper and you free up at least $3,000. Using the $165,000 as a down payment will be a huge mistake. I'm 55, I make $129k, less than your monthly expenses, and I own two houses outright. Time to roll up your sleeves and buy an ugly ass house outright and remodel it yourself. 90% of remodeling costs is hiring people. You're better off buying tools from harbor freight for $2,000 and go room to room remodeling it yourself for a total expenditure of about $12,000 in materials from home Depot. You can have a fully renovated paid off house in 2 years for a total of $177,000 and saving $3,000/month more.
I think you guys are doing the right thing by putting the extra margin towards your trip. The down payment must be making you interest in your high yield anyway, so, live it up! Great update. Thanks for sharing!
We love Allagash!!!!
From Maine, watching this after the horrific week we’ve had. Thank you for the beer support ❤️
Absolutely horrific.
I'm with you on the frustrations in the market place. I've been scratching and clawing for 4+ years to put away a nice chunk of cash for a down payment but still not even close to home ownership and really questioning if i really even want it anymore. I'm definitely feeling the 'blow it all on awesome vacations vibe' and have found myself googling flights to Ireland a lot lately. Ugh... There's a lot to be thankful for though!
Hi Kyle & Justine 👋🏽.
Happy birthday Justine 🎉. You guys are my favorite couple & you both inspire me so much. Love the beers & budgeting videos 💛.
Love your videos, just wondering are you guys still wanting to move to Colorado or is that on the back burner now you’re stepping back from saving for a house? Hope you had an awesome birthday! X
Thank you to your editor for putting back Kyle‘s rock & roll intro. I feel like I was missing it in a couple monthly budget videos.
For T-Mobile, I linked my bank account for autopay to receive the discount. I submit a payment before the payment due date on my credit card to get points and I still get the $5 monthly discount.
I was not aware that Tmobile was doing this. My payment just went through on my credit card, and I am still receiving the discount.
maybe it's a slow roll out to bank debits only to receive the discount. They were notifying us of this change and I was pissed. I want those CC points!@@Ivy-wv4wd
We share the same birthday - yeah! Though I only just turned 30 on Friday the 13th.
I have a question: how do you reflect the Ally surprise savings in your budget? To which category do you add them? Are they part of the leftover money?
Happy Birthday, Justine! 🥳🎉 October birthdays are the best 🍁🍂 I always get excited when a new B&B video drops. Hooray for international trips! I’m glad you guys are allowing yourselves to enjoy life a little more! Thanks for sharing 💖
Re: the rent vs. buy debate: purchasing a house is not an “investment” unless you’re a landlord…maybe. The Money with Katie Show did a podcast episode called “The Rent Vs. Buy Decision…” calculating all the costs that go into home ownership, versus renting and investing the difference (back in 2022 when mortgage interest rates were much lower) and the difference was negligible at best.
Thank you!!
WHOAAAA. Moving down payment fund into fun money fund?! Even for you guys that’s a DANGEROUS game to play.
What makes you say that?
I’m still amazing at your home down payment. Great job!
Just in case people don't know, you can adjust the video playback speed! Just go to the little cog wheel in the top right corner of your screen to find it. I do this ALL the time watching videos on YT!
EXACTLY!!
I can empathize with you all about wanting to live a little more with interest rates just being so nuts. I had to bail on a trip because i felt guilty that the money could've been put towards the down and now i kinda just wanna go on the trip with how bad rates are lol.
❤
Yuengling Lager--it's the local swill and all we drink.
Ok We need to overhaul our budgeting process and track our expenses in a more precise detail. We've been a little lax lately.
I need a beer glass with pumpkins! Wherever did you get it?
Ok, I live in SoCal. Find a new daycare. Both of those things you mentioned are completely ridiculous. Best ones are child development centers associated with local colleges or in home.
Since you are from Kansas, you should move back to Kansas, specifically Western Kansas, where that "disappointing" down payment would become enough to buy a whole house almost here, like big yard, basement, double car garage, 4-5 bedrooms
Holy cow the costumes are awesome!
Is your pretax money going to retirement shown in your Future area under one of the IRAs? Thx for sharing!
Currently pre-tax dollars are going to Kyle's 401k and my SEP only. We show my IRAs as a way to track month over month.
gotcha! do you consider adding your 401k balance to your tracking?@@DebtFreeMillennials
I keep forgetting that Justine has the same birthday as me! I keep forgetting that, also hope Universal was a blast!!
Happy birthday!!
I think when she said "you guys are getting whiny", they meant...for someone who is having $2,000 extra in their budget and 200+k in savings, you shouldn't be making it sound like you are so hard off. there are people who are in far worse situations than you are.
And that 2k is on top of their planned savings and in top of thousands of guilt free spending already budgeted for. People are right when they say that you can make more money and still feel miserable... It's a mindset thing.
I don't feel miserable. And what I know is we have to stop chasing after what we think will make us happy and get back to contentment. It takes constant reframing. We're human.@@lookingforsure
Oppenheimer! I haven't seen Barbie either!
Also, when are you guys moving out of California? I can't wait for you guys to move!
CVS lmao!!!
I don't really agree with the rent vs. own comment. The significant difference is that your mortgage will not last forever (for most people) - the majority of people retire mortgage free. On the flip side, you will continue to pay rent forever, which will certainly keep going up in price over time.
I think taking a break from the housing situation is smart. Get some distance from the disappointment of the market and enjoy your money. Then maybe reevaluate your housing plan. I don’t think you’ve mentioned building vs buying a home… that might be the cheaper way to go and you would get what you want. Besides you’re not going to out save the market right now living in LA.
Regardless, Happy Belated Birthday I hope Harry Potter world was a blast!
Thanks! HP World was a BLAST!
Screw the housing market! let it fly in Vancouver!!!
YASSS
October 13th is my dad’s birthday
You guys are such high income earners now, seems to me it might be better to purchase a rental property out right in cash in a lower cost state like Iowa or something and then you get rental income as well as the chance to be property owners. Maybe get one of your family members to be the landlord or something
We will be doing geo-arbitrage very, very soon. It's time.
I live in the upper peninsula of Michigan and your down payment fund would be enough for at least 40% if not 50% down on a nice house with lots of land here. However, not as much to do around here as where you live now. My heart hurts for people in your situation, making great money but with the interest rates and cost of living where you are home ownership is still out of reach.
I’ve heard that people say us Californians talk slow! You’ve officially developed our “accent” I guess?
Haha! I was thinking that they’ve drank the california kool aid and are enjoying life here. It’s very expensive but we are always looking for ways to stay. Especially after living here your entire life. It’s so hard to leave.
Ugh Kyle’s right it’s so annoying having an account for everythingggg
You don't want your kid to be an apartment kid her whole life, do you?
That does not bother me in the slightest. She has access to so many amazing things in our neighborhood. It's me who selfishly wants to indulge in a house.
A BIG flaw in the "your rent is the ceiling and your mortgage is your floor" analogy is that my floor will stay the same (other than tax and insurance costs). Your rent will continue to go up over the years. In addition, my mortgage will eventually be paid off and I will have taxes and insurance only.
I am not saying homeownership is for everyone, there are certainly many situations where renting makes sense, but the argument is way too simplified!
I am sorry but the daycare charging you for not signing out and then closing and only crediting you for half a day is unacceptable.
Sorry, I'm not seeing any great budgeting going on here.
Your biggest mistake is that $4,200 rent. Use the $165,000 to buy a house outright, even if it's an extreme fixer upper and you free up at least $3,000. Using the $165,000 as a down payment will be a huge mistake. I'm 55, I make $129k, less than your monthly expenses, and I own two houses outright. Time to roll up your sleeves and buy an ugly ass house outright and remodel it yourself. 90% of remodeling costs is hiring people. You're better off buying tools from harbor freight for $2,000 and go room to room remodeling it yourself for a total expenditure of about $12,000 in materials from home Depot. You can have a fully renovated paid off house in 2 years for a total of $177,000 and saving $3,000/month more.
You guys are a little boring. Won’t be watching again
Thanks for leaving a comment. It really supports my channel!