Financing Home Buying

Though I had quite a few expenses that were necessary, many of my expenses I had to make tough decisions about and think about the opportunity cost. Taxes were a necessity that I had to pay, as was insurance. But, I decided to buy a less expensive house and pay for transportation rather than buying an expensive house and not needing transportation. I bought a two bedroom house in Federal Way, which is a 30-50 minute drive away from my work downtown. Though this can be a long commute, I lucked out and was able to rent two cheap cars that don’t have too much mileage on them. I decided to buy this house farther away because even though it is a long commute for me, the apartment comes with many amenities and is very close to a great school for the boys. I also decided to …show more content…
I could have easily spent $200 less on food, but healthy food is a strong value for me. We still don’t have enough money to eat out, but the store bought food will be healthier than it could've been. Another perk of our far away apartment is that it covers the cost of some utilities such as heat and electricity. But, I did decide that I should buy a cheap phone plan for both my husband and me because we are parents who should be easy to reach if trouble occurs.
As mentioned earlier, I decided to rent two cheap cars for both me and my spouse to drive to work. I devoted $100 to child care either for after school sports, clubs, or other programs for my boys. I then dedicated $252 to personal care so that my family can purchase clothes, get their haircut, and be able to buy anything they need. I decided against