Friday, March 27, 2009


I have updated my sidebars to reflect buying my first home. I have deleted my home downpayment fund (although it may soon be replaced by a car fund), and depleted my emergency fund. That is my first priority....getting back to saving $3,000.00. However, that shouldn't be too hard, with the goverment giving me $8,000.00 for being a first-time homebuyer. I am claiming it on this year's taxes since I owe the IRS $2,500 in taxes (which I don't have anymore - long story for another post) and paying back a loan from my grandfather for $2,100.00. All of the leftover funds, around $3,400.00 will go immediately into my emergency fund.

1 comment:

Jerry said...

Congrats on getting your first home! That's very exciting. You're smart to buy in this market. You're getting a bargain and the rates are so low. Anyone that can buy now should do it. It will lead to stimulating the economy. I heard, though, that people are having a hard time finding lenders. That was obviously not a problem for you. But, now you deal with all the great responsibilities of home ownership: insurance, repairs, taxes. Good times!! Enjoy.