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Old 01-12-2009, 03:46 AM
 
Location: Living in Odum GA, stationed at Fort Stewart GA
107 posts, read 136,617 times
Reputation: 27
Question Ok yet another question.....

Well we are in process of putting the house on the market I have a few real estate agents coming this week. I have been reading the threads on here about taxes and utilities. My husband is the only one working now he brings home every 2 weeks after taxes, allotments(take home pay) $1751. So that is $3500.00 a month. With a family of 6 would we be able to survive in Colorado? Before utilities we have 3 bills 1 Credit card, 2 loans totaling $930.00. We are going to pay off the credit card and 1 loan before we move so that will leave us with the van payment of $390.00. We don't pay for the mortgage as our BAH takes care of that, thank god!

I don't mind putting my info out there. I just want to make sure we will be able to afford to live out there before we make a huge decision. Thanks
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Old 01-12-2009, 07:27 AM
 
Location: SC
1,929 posts, read 4,166,438 times
Reputation: 779
Well, there are lots who are surviving for less here. The average teacher salary is $40K annually. So, I think you will be okay...you won't be living in a $400K home by any means, but I think you will be okay. For a family of 5, I spend about $700-800 a month on groceries. There are several homes in the Fountain Valley area that are about $150K- FV is the district that supports Fort Carson though there are several other districts to choose from.
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Old 01-12-2009, 08:21 AM
 
Location: Las Flores, Orange County, CA
26,365 posts, read 51,689,764 times
Reputation: 16194
Quote:
Originally Posted by officerwife2005 View Post
So that is $3500.00 a month. With a family of 6....
Are budgeting two Roth IRAs (2 X $5000/year), (presumably) four education IRAs (4 X $2000/year), and a 401(k) max out?
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Old 01-12-2009, 08:45 AM
 
Location: Living in Odum GA, stationed at Fort Stewart GA
107 posts, read 136,617 times
Reputation: 27
Ok Charles you lost me lol If you are asking if we have any investments no not yet
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Old 01-12-2009, 09:00 AM
 
Location: westside
435 posts, read 711,134 times
Reputation: 105
you BAH will cover all of your housing expenses to a certain extent so the rest is how ever you manage your money. so you will be the deciding factor.
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Old 01-12-2009, 10:20 AM
 
Location: Colorado Springs
650 posts, read 1,987,349 times
Reputation: 158
You guys will be fine. We have a family of 6 too and we make it work. Plus you guys get to go to the commissary right? That is much cheaper then the stores here. FrogginCOlorado metioned teacher's salary, are you a teacher?
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Old 01-12-2009, 01:42 PM
 
Location: Living in Odum GA, stationed at Fort Stewart GA
107 posts, read 136,617 times
Reputation: 27
No I am not a teacher, I want to go to school for nursing but I put my stuff on hold to raise my family. So now that all my kids are in school now I can focus on myself and my education
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Old 01-12-2009, 01:45 PM
 
Location: Living in Odum GA, stationed at Fort Stewart GA
107 posts, read 136,617 times
Reputation: 27
And yes we do shop at the comissary and walmart. We get some good deals at walmart. And I get my breads at the outlet. We average about $600.00 a month on grocerys. ANd yes we are looking for a house within our BAH so that is not a problem.
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Old 01-12-2009, 04:21 PM
 
Location: SC
1,929 posts, read 4,166,438 times
Reputation: 779
See, you will be fine! Welcome to beautiful Colorado! The worst thing about our state... you will never want to leave. I have met one military family who couldn't want to leave...mom couldn't stand how we were trying to hold her accountable for her kid.
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Old 01-12-2009, 04:37 PM
 
Location: Living in Odum GA, stationed at Fort Stewart GA
107 posts, read 136,617 times
Reputation: 27
Well we are trying to get orders or even requesting a TDY in route we have to get this one sold first. Geez and I thought buyin g a house was hard selling is even harder. The real estate agent was here today let's see what she can do
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