Do you own your own home?
Recently, my best friend got engaged to her boyfriend of only 6 months (they are both only 21..). They are both heavily in debt with credit/debit cards and other payments–yet they want a huge wedding and a big house that will cost them a fortune. They can do what they want with their lives, but it doesn’t sound reasonable.
Seeing their money problems and unrealistic expectations scared me. My boyfriend and I are only 18 and have been together for 2 years. Despite being younger, we’re learning from our friends’ mistakes. We’re putting off marriage (hopefully with each other) until we’re done college. That means we’ve given ourselves about 5 years to get ready.
Most girls want a dream wedding, but I want a secure financial future without worrying about a mortgage.
Is it possible to straight out BUY your own home, or is it really better to take out a mortgage?
On a side note, my boyfriend has excellent credit whilst I abhor credit cards. Cash only in my book haha.