I've really started to tackle my finances since this past November (can't say enough good things about Dave Ramsey).
Last August I was looking to buy a house, even put a contract in on one. Boy, was I not financially ready. Plus it was 60 miles one way and with gas prices even with a Civic I can see gas would have ate me alive. Not to mention repairs on the house.
I've really turned things around.
I want to say in August I had a debt to income ratio of probably around 35-40% IIRC. After this month or mid July I'll have a debt to income ratio of 6%. The only thing left to pay off will be my student loans. I was planning on paying those off ASAP as well, but I'm going to start sitting money aside for a down payment on a house.
My credit score wasn't bad, but not great either at around 660 IIRC, curious as to what it is now. Haven't opened any new accounts in a year and have paid off all credit cards and only $2500 left on a $10,000 car loan.
Don't think I'll consider buying till I have 10% down, which in this area that's going to be a good amount of cash.
How old was everyone when they bought their first home? I'll be 27 next month (assuming I'm starting rather late), but I'm glad that I'm going to be in a better financial situation.
Stupid me was even going to buy a house when I still have access to a house that I can walk to work for only $200/month
Look like I'll be here at least until the winter it's looking, maybe even longer. What a blessing this has been for me.
I used to think that not owning a home by now was a sign of failure, as there seems to be some pressure in this society to owning a home. Hell, I wouldn't mind renting for a while even after I have to move out of here.