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01-12-2009, 04:46 AM
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Member
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Join Date: Dec 2008
Location: Living in Odum GA, stationed at Fort Stewart GA
84 posts, read 41,569 times
Reputation: 19
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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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01-12-2009, 08:27 AM
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Senior Member
Status:
"Determined to have my actions reflect my morals"
(set 23 days ago)
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Join Date: Apr 2007
Location: VA
1,330 posts, read 969,475 times
Reputation: 344
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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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01-12-2009, 09:21 AM
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Senior Member
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Join Date: Jul 2006
Location: Hampton Cove, Huntsville, AL
11,983 posts, read 11,208,471 times
Reputation: 3088
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Quote:
Originally Posted by officerwife2005
So that is $3500.00 a month. With a family of 6....
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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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01-12-2009, 09:45 AM
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Member
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Join Date: Dec 2008
Location: Living in Odum GA, stationed at Fort Stewart GA
84 posts, read 41,569 times
Reputation: 19
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Ok Charles you lost me lol If you are asking if we have any investments no not yet
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01-12-2009, 10:00 AM
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Senior Member
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Join Date: Oct 2008
Location: westside
334 posts, read 222,153 times
Reputation: 40
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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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01-12-2009, 11:20 AM
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Colorado Springs Realtor
Status:
"is enjoying what she does..."
(set 26 days ago)
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Join Date: Jun 2006
Location: Colorado Springs
609 posts, read 754,180 times
Reputation: 114
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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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01-12-2009, 02:42 PM
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Member
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Join Date: Dec 2008
Location: Living in Odum GA, stationed at Fort Stewart GA
84 posts, read 41,569 times
Reputation: 19
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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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01-12-2009, 02:45 PM
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Member
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Join Date: Dec 2008
Location: Living in Odum GA, stationed at Fort Stewart GA
84 posts, read 41,569 times
Reputation: 19
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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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01-12-2009, 05:21 PM
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Senior Member
Status:
"Determined to have my actions reflect my morals"
(set 23 days ago)
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Join Date: Apr 2007
Location: VA
1,330 posts, read 969,475 times
Reputation: 344
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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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01-12-2009, 05:37 PM
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Member
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Join Date: Dec 2008
Location: Living in Odum GA, stationed at Fort Stewart GA
84 posts, read 41,569 times
Reputation: 19
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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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