Christian (Caller)

Um, I'm single, no kids, all that good stuff.

Um, and you know, I'm working my job and I'm able to save about half my income, which is pretty good.

Um, but I'm also renting with a couple of housemates and I just feel kind of stuck because I can't afford to buy a house out here, even with like a 20% down payment and all that kind of stuff.

So,

I don't really know kind of where to go from here.

You want to be a homeowner in DC?

Um, I do want to be a homeowner eventually, but probably not for the next few years.

Probably like I see that as maybe something like four or five years away.

Um, which is also kind of complicating how I should save for down payment for a house eventually, because, um,

Typically, from what I've heard from listening to your guys' shows, you usually don't recommend investing in mutual funds and things like that if it's shorter than losing the money.

So I don't know if I should just keep piling up money in the bank and get the measly 2% on it or what.

If I were to jump to maybe step seven, I'd still be renting, but I'd probably just, I don't know, probably just like kind of go on more vacations, I guess.

That's kind of part of the quandary of where I'm at.

Hey, how are y'all doing today?

Good.

Kind of two different questions here.

I'm wondering to know, is there some sort of budget for an unstable income?

Like I've, I hate to admit this, but I'm 36 years old and my wife and I have never really had an actual budget.

And we're struggling with this, and we make enough money to sustain our bills.

We do have some consumer debt.