Dave Ramsey

Dear Dave,

My fiancé and I are looking to buy a house a couple of months after we’re married. We’ve saved about $50,000 toward the down payment, and the payments on the house we like would only be $202 a month on a 15-year mortgage. Does this sound like a good idea?

Robbie

Dear Robbie,

You guys have done a great job saving up all that money. But I think newly-married couples should wait at least a year before buying a house. In that first year of marriage you’ll get to know each other even better than you do now. It will also give you time to figure out just how far away from your in-laws you want to live!

Spend the first year loving on each other, and mapping out a plan for your lives together. You can save even more money in the meantime, and if you’re lucky, you might be able to pay cash for that first home when time rolls around.

Don’t fall into the trap of thinking you have to run straight to the real estate office right after you slip the rings on each other’s fingers. That’s a mistake lots of young couples make, and end up regretting it later!

—Dave


Dave Ramsey

Dave Ramsey is a personal money management expert, popular national radio personality and the author of three New York Times bestsellers.
 
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