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Forum
-> Household Management
-> Finances
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amother
Wine
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 Sun, Apr 19 2015, 7:08 pm
How did you manage financially?
I am crunching numbers. Two things stand out. Very high monsey taxes and higher than brooklyn tuition.
We BH have a nice down payment but because of taxes and tuition it looks like we will need an extra fifty thousand a year to make ends meet.
Any ideas? Care to share how you make it work? I am grappling with this.
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sourstix
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Sun, Apr 19 2015, 7:22 pm
I didnt move to monsey, I moved to lakewood and those are some things to do.
take in a tenant. just one idea. cut some expenses elsewhere. like food, clothing. so many ways.
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amother
Seafoam
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Sun, Apr 19 2015, 7:27 pm
| amother wrote: | How did you manage financially?
I am crunching numbers. Two things stand out. Very high monsey taxes and higher than brooklyn tuition.
We BH have a nice down payment but because of taxes and tuition it looks like we will need an extra fifty thousand a year to make ends meet.
Any ideas? Care to share how you make it work? I am grappling with this. |
Move to an area with less taxes. Get scholarships or send your kids to a different school.
I pay $10,000 a year tuition and I am one of only a handful of full payers.
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ez-pass
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Sun, Apr 19 2015, 7:28 pm
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House prices r considerably lower than Brooklyn in monsey, even if taxes r higher. U donr n3d to go away for the summer also so no bungalow colony costs.
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wifenmother
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Mon, Apr 20 2015, 2:15 pm
| ez-pass wrote: | | House prices r considerably lower than Brooklyn in monsey, even if taxes r higher. U donr n3d to go away for the summer also so no bungalow colony costs. |
Right. You don't necessarily end up with a higher monthly housing expense because your mortgage is a lot lower in the first place.
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abby1776
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Mon, Apr 20 2015, 3:20 pm
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We got more house in Monsey than in NYC, but our expenses were higher because of taxes and cars. You really need at least one car in Monsey.
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