Well as we promised on the “window shopping final decision” will be negotiated base on our financial standings. Well, the property cost $1.6M and there is a maintenance fees; of course we would need to relook at our utility bills etc too. So checking with the bank, it would cost us about 6.8k monthly on mortgage, which means easily with all in (utilities and maintenance), it is $7.5k a month for next 30 years ?!!. Well okay, base on our household income, we are still OK to have $7.5k put aside for the property + put aside for a car reimbursement + other monthly expenses, at the end of the day, we would still have monthly savings going into our accounts provided my wife keeps her business income coming at the minimum range as per what she have been doing for the past one year. So, do we decide to move on with this investment??!!
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Have you ever wondered how people spend their money or hard-earned income? Do you spend the bulk of your money on food or on rent?
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