I encounter one colleague who is going to get married to a guy. She has a problem. Almost all of her salary that she earned, went to feed her own family, ie. her father, her mother and brother. However, she wanted to get married and stay together with her future husband in their own house, as she do not want to stay with the parents-in-laws due to her mismatch of characters to the mother-in-laws. So, this means, they got to buy a new house, new furniture, new stuffs and items that can make the house decently to live in. They got 2 cars to pay. One for herself and one for her husband.
Her problem is, how to buy her dream house, while she need to feed her own family & pay for the 2 cars (both her and her husband) ?
To, understand this problem further. Let me put some figures in.
Her income, $2500
Her hubby income $2800
Her car instalment : $500 per month.
Her monthly expenses : $800 per month.
Her money to family : $1200 per month (for house rental, food, utilities bill, etc)
Hubby income : $ 2800
Hubby car instalment : $1000 per month.
Hubby expenses : $1000 per month
Hubby money to family : $600 per month.
Target dream house : $200,000
Dear fellow readers, how can she find a way to buy the house she wanted? Please give some suggestions.