I don’t know enough, like your bills, how much your child/childcare is, any external factors like car payments, WHERE in Ohio… but in general… not at all. Pay the debt ASAP. Set a hard budget. Use year 1 to settle debts and get in good standing to start saving, and years 2-3 to really stack up. If you can swing saving even 10k a year, that’s 30k in 3 years which is more than enough to get a place in Ohio without FHA loans (but save more ideally). Ohio has pretty cheap real estate (again in general, idk where you live in Ohio) so you’re in a good spot there. It wouldn’t be the same in a state like California.
Again, take this with a grain of salt. I don’t know enough about you. I do know that with a budget and financial awareness you can do great things. Good luck.
comepollinateme t1_jedsfu6 wrote
Reply to Is it unrealistic to put a down payment on a house within 2-3 years of saving by SecondaryKitty
I don’t know enough, like your bills, how much your child/childcare is, any external factors like car payments, WHERE in Ohio… but in general… not at all. Pay the debt ASAP. Set a hard budget. Use year 1 to settle debts and get in good standing to start saving, and years 2-3 to really stack up. If you can swing saving even 10k a year, that’s 30k in 3 years which is more than enough to get a place in Ohio without FHA loans (but save more ideally). Ohio has pretty cheap real estate (again in general, idk where you live in Ohio) so you’re in a good spot there. It wouldn’t be the same in a state like California.
Again, take this with a grain of salt. I don’t know enough about you. I do know that with a budget and financial awareness you can do great things. Good luck.