How To Budget and Save For Down Payment On A Home

[@annoravetz6697]

“Rice winner”, that’s good! Rice is a lot cheaper than bread, lol.😁😁😁

[@aneesahthequeen]

Very funny😂

[@stevennguyen100]

man the food section is unbelievable. but thats what it takes. thank you.

[@soullfire]

Great tips. Many people don't realize that the amount of money you earn isn't the key to wealth, but the amount you're able to save. Having a personal fund allowance is great because is it allows you have have some enjoyment and not feel oppressed in your saving sacrifices. Health insurance is an expense wildcard depending on what your employer benefits are or if you are an entrepreneur. You and your spouse have awesome insurance to be fully covered at no additional cost. That saves you as much as $1600+/mo which is the expense in some situations.

[@cwong1229]

Annie, you are my inspiration and role model !!! Your lifestyle of being frugal and strategic (aka work smart) is truly motivational!! Your channel makes me want to follow your footsteps EXCEPT the marriage part because marriage and children are very expensive in Corporate America. NOT getting into marriage and parenthood will definitely save me another layer of money. On average, American spend $33k on wedding and $233k on raising a child from age 0 to 18 NOT including college tuition.

[@AnnieMargaritaYang]

Haha marriage itself is not expensive. The wedding is expensive. You can always just get married at city hall. Our marriage at city hall in 2016 cost us only $300 for the licensing / dressing up / dinner after. But I do see you are Asian and know what you mean. In Asian culture, you're not considered "married" unless you throw that huge wedding and invite everyone you've ever met, including your elementary school classmates. We had to do that, but all the red envelopes we received paid for the wedding.

[@cwong1229]

@@AnnieMargaritaYang , as you can see even the licensing & dressing up part cost $300. Meaning a person needs to pay $300 just to sign a government contract (aka marriage) with the State Government at City Hall. If things don't work out, the consequence will probably be over 50% of all my assets. I want you to imagine how many dishes of Dim Sum you can buy with $300. If you just cohabitate (living together) with your partner without the licensing process & dressing up part, then you don’t even need to pay that $300. You can save $300 for Dim Sum or a smartphone; by the way, $300 can buy you last year's flagship smartphone for real if the brand is not famous like Apple or Samsung. I can probably get a LG V50 (LG Flagship phone 📱 from last year) with just $300. Same logic applies to other less famous brand such as Sony, Motorola, Nokia, Oneplus, and the list goes on. The point I am making is: $300 can buy good quality stuff if you research and use it wisely.

[@AnnieMargaritaYang]

@@cwong1229 I see what you mean, but I also think you misunderstood. So the paperwork/licensing/certificate was actually $125. The dressing up part and dinner after is optional.... just gives something to remember about the day. It depends on what your values are. $300 can get you dim sum or a smartphone. In my case, $300 was the first step to giving my husband the right to be able to stay in our country and get a job easily after he finishes school because visa won't be an issue. When you cohabitate, you avoid paying $300, but you pay in the long run through taxes, auto insurance premiums that factor in whether the man is married, etc.

[@lalita2688]

I needed this. Love your videos thank you.

[@AnnieMargaritaYang]

You are so welcome!

[@annamariecruzflores]

Yess *Rice winner* .. thank you for another awesome video 👌🙏

[@evacoutinho3022]

Thank you for the video! very insightful!

[@NADJAR-UxSamurai]

Wow you actually are doing the video thanks Bc I appreciate it I really want to get one soon.

[@neriflores3878]

Love your tips.

[@alen-commentnazi8774]

Hey Annie! I was wondering what u do for work now

[@AnnieMargaritaYang]

I am a private accountant in industry, specifically for real estate and property management. In a nutshell, everything money related in the company that isn't taxes, whether it's collecting money from another business, paying vendors, bookkeeping, creating reports, managing the cash flow, I'm in charge of.

[@Arizona_lilly]

Rice winner 🏆

[@anaorso3431]

Thank you 😊

[@uzeela]

good content Annie!

[@ZZCool123]

I want to be a homeowner by the time I’m 27 (:

[@AnnieMargaritaYang]

Awesome!!

[@MoneyTalkwithMP]

Thank you! Very informative. I just made a similar video on my channel as well. It will be so worth it when we wait, save up and then put down a good amount as Down Payment, so we can truly enjoy our DREAM HOME!

[@mimipastry]

I just got a part time job a few months ago and was wondering how I can save and spend responsibly without being too extreme. I make slightly above minimum wage in my state. I’m already paying on my student loans before the grace period ends at the end of December this year and would like to be able to move out from my mom’s home and/or have a more enjoyable/self sustaining job in the next year or so. I’m not exactly sure of where to start but I do have a degree and work experience in relation to my degree, I just didn’t fully immerse myself in potential opportunities within the field before graduating in May😩. I adore your videos!

[@AnnieMargaritaYang]

I can't help you without knowing exact numbers. If you live with your mom and you're not paying rent while working part time, I would determine 1) how much I want to save every month and follow that 2) what is the monthly student loan payment 3) live on the rest for lifestyle but out of this 3rd category, I would already be buying second hand stuff I know I would need if I moved out so then I don't have to scramble later and pay extra. That means things you use right now that belong to your parents, but that you would have to own if you lived on your own: pots, pans, cooking utensils, etc.

[@mimipastry]

@@AnnieMargaritaYang absolutely, no rent but I pay for my own food, personal care/hygiene, and some other expenses such as gas for transportation since I don’t drive myself currently. My student loans were estimated to be almost $300 but my grace period hasn’t ended so I’ve been paying exactly $300 on ones I’ve learned will gain interest quickly one the grace period ends. I do have most all the clothes I need right now and have been donating, trashing, or selling the items I don’t or can’t wear/haven’t worn anymore. I still have some essential items like eating utensils from before I moved back home but intend to buy cookware before/when I move out. I have been working on a budget and/or tracking my expenses. I just started your book yesterday and I’m so excited to get concrete tips and guidance, some things I already do and there’s always more to learn and apply. Thank you Annie!

[@AnnieMargaritaYang]

@@mimipastry Thank you so much for buying my book. Appreciate it. :) hope you can save a lot of money

[@Arizona_lilly]

This very important video and the number 300k is exactly what I'm looking to pay at most here in my state of Arizona a 300 325k was almost mt limit ns I always believed that covid has made things harder but there will be there has to be a crash im willing to wait i have no current debt ov paid off items in had and couple item I have had old phone bill no longer on my credit this was 10+ years thanks for giving numbers for closing and emergency fund and me yes 25k to 35k was my best thought also my dad will be giving f me additional 10-50k girl im proud u sacrificed 2 years to have a home

[@Arizona_lilly]

The cost of both bus passes and transportation i www able get a truck insurance for u ser 1800 for 2 years insurance and beautiful 96 baby blue truck I am frugal but haver saved much past couple years im almost 35 and I feel even at 35 o am lucky that I j e a chance??

[@kataiho4405]

lol rice winner

[@23sexycutie]

Annie I love your tips.