Any single parent home owners?

Iamfit4life
Iamfit4life Posts: 3,095 Member
edited October 2 in Chit-Chat
Is it hard to pull off?

Replies

  • _beachgirl_
    _beachgirl_ Posts: 3,865 Member
    I guess it depends. For me it is, but I live in an area with a high cost of living, I don't work year-round and my ex is inconsistent with child support/alimony. I have down-sized considerably, which has helped, but it still is a struggle on one income basically.
  • GymRatRaceRunner
    GymRatRaceRunner Posts: 160 Member
    I'm one, and no, it wasn't.
  • mmuzzatti
    mmuzzatti Posts: 704 Member
    Oh sorry, read the wrong thing I thought it said pervert...nevermind.
  • Motorgirl6
    Motorgirl6 Posts: 14
    It's not easy by any means, but you can do it if you watch your spending/budget. Every situtation is different though.
  • Iamfit4life
    Iamfit4life Posts: 3,095 Member
    Oh sorry, read the wrong thing I thought it said pervert...nevermind.

    any single pervert home owners?
  • mumster63
    mumster63 Posts: 29 Member
    I have 3 kids - 1 in University and 2 teens. My ex doesn't pay child support and does not support my University student. I need to be very careful with my money and choose how to spend it. I shop at a discount grocery store and rarely eat out. My clothes come from the local second hand store and my kids choose to buy their own clothes more because they want name brand stuff and I can't afford to buy that stuff. It's nip and tuck but I have a good job (which I really love to boot) and I make choices that suit my financial situation.
    There are 2 ways to be rich....make more $ or soend less.
    But the feeling of being independant is awesome (sometimes scary; sometimes overwhelming but awesome)
    Good luck
  • Autumn15
    Autumn15 Posts: 213
    It's not the easiest thing at times but it is most definetly worth it. I'm single wth 2 kids and I don't make a great deal but I keep a pretty strict budget for myself and spend as wisely as possible. You have to be creative at times and even do without at others but somethings are more important. I think my kids and I live good and comfortable and we are definetly happier. Just try to make sure you don't have a house note that is more than 1/4 of your monthly income and do a budget and you should be fine. Best Wishes!
  • Iamfit4life
    Iamfit4life Posts: 3,095 Member
    It's not the easiest thing at times but it is most definetly worth it. I'm single wth 2 kids and I don't make a great deal but I keep a pretty strict budget for myself and spend as wisely as possible. You have to be creative at times and even do without at others but somethings are more important. I think my kids and I live good and comfortable and we are definetly happier. Just try to make sure you don't have a house note that is more than 1/4 of your monthly income and do a budget and you should be fine. Best Wishes!
    [/quote
    I think I could do that! And I'm used to going without as of late, which I won't complain about.
    I'm so cheap now that I walked into goodwill(need new work clothes because I'm smaller now lol) and I was like "whoa, this is too expensive"

    Yet.... I won't think twice about spending it on the kids. I've got to get better about that.
  • kbrogan78
    kbrogan78 Posts: 158 Member
    I bought my house before I became a parent and my work/finances were entirely different at the time. The mortgage industry's regulations were a lot different as well!

    I would recommend an appointment with a reputable mortgage broker. Based on your entire financial picture she would be able to calculate how much mortgage you'd be approved for. Once you know that, you can determine whether or not it's viable to find a house in your budget. In some markets, what you'd pay for mortgage isn't much different from what you'd pay in rent.

    I love having my own home but sometimes it's a hassle. If/when anything breaks, you're responsible for fixing it. Same with all the yardwork and general upkeep. That said, I can't ever imagine renting again.
  • JulieSD
    JulieSD Posts: 567
    I got the house when my ex-husband and I separated. Its by no means easy, its a pain in the butt to fix/upgrade/make pretty. I constantly work on my budget. But I love it! It was a drastic change being with the same person for over a decade, buying a home, having children and then taking my 1/3 of a double income and living (with child support and he is very involved), but I stress daily.

    But I would stress over rent too...and this house is mine!

    Talk to a broker and check out your options. Don't just give up because its hard and don't just settle with the first option offered to you. But do not mortgage 'shop' and ding your credit with numerous credit checks.
  • mmuzzatti
    mmuzzatti Posts: 704 Member
    Oh sorry, read the wrong thing I thought it said pervert...nevermind.

    any single pervert home owners?

    Trying to bring a few smiles....
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