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School or Keep the house.... Choices and Advice??
Hey Fellow Nesties!!!
My husband and I are currently living in a brand new house that we love.... but the only problem is it is really weighing us down financially... we cant even afford to go on a date night hahahha 
our house needs a yard and stuff put in still and we don't know when we will be able to afford that
Soooo we are currently discussing whether or not we should just sell the house and move to a completely new place.... mind you we are 20 years old, no kids, and are looking for an adventure together. We are debating whether or not we should take a leap of faith and move 5 hours away from all families and get a college education....
What would you guys dooo........ loose a cute house that you got a killer deal on and keep working dead beat jobs or move to an apartment and down size a lot but get a college education??
Kay
Re: School or Keep the house.... Choices and Advice??
~Benjamin Franklin
DS dx with celiac disease 5/28/10
"You know you're in love when you don't want to fall asleep because reality is finally better than your dreams." - Dr. SeussWhat do 2 20 year olds need a house for????
Jeez --- didn't you and he discuss MONEY before you got married? didn't you discuss anything at all?
How are you planning on paying for school? Please don't tell me "student loan."
Consider working your way through school: work one year and use that money to pay for the next 2 semesters of college. Alternate years with 2 semesters of school.
College will take you 8 years, more or less, but you will not have a horrific tuition loan debt on your tail when you graduate.
Better still:
Go to a trade school.
A college degree no longer guarantees you a job when you graduate -- I know more than one person who graduated from college and who cannot find full time jobs in their majors. One guy majored in finance, the other one majored in education.
Learn carpentry, plumbing, culinary, funeral science, graphic arts, CAD/CAM, welding (welders are hard to find and it is a lost art) mechanics or something tech where you'd learn how to repair computers or other electronics.
The money is great in all of those fields. Plus you can always go to college later.
I agree with bolded. It's a great perspective. Actually, trade jobs are becoming in short supply and will continue to be so. There are so many people with degrees. Unfortunately, a bachelor's is becoming the new high school diploma and does not mean much in many fields (more employers are wanting master's degrees).
For the cost of a bachelor's degree these days and with so many needing to get SLs to afford them, many people find themselves burdened by SL debts after college that don't have employment to match repaying what they owe. It's very top heavy.
All. Of. This.
Oh yea, as far as going to trade school - plumbers make lots of money. lots and lots of money. Yes, it's kind of a sh!tty job (pun intended), but those guys make some serious bank for doing that job. One of our friends is in school for this now and he told us how much those guys make and my jaw dropped to the floor. I believe it though - he actually saved us at least $300 when we had a plumbing emergency last month - something that was pretty minor that would have cost us that much to have someone come just to stick a snake in one of the pipes to unclog the trap in the basement (took 10 minutes to fix it).
And OP - can I ask why on earth you and your H bought a house when you knew you couldn't afford it? I realize the idea of being home owners is appealing, especially for married couples, but if you can't even afford it, that's no way to start out in your adult married life. You guys are 20 - plenty of time to saddle yourselves down with a mortgage. For now, go back to school, or figure out how you are going to make more money, then worry about the house stuff.
Baby Boy loved for 15 weeks, 5/31/11
Baby Girl loved for 16.5 weeks. 3/1/12
I no longer recommend college for anyone -- unless the person is going to pursue a field where it is needed: physician, dentist, attorney or an engineer, to name 4 fields.
There are many trades you can pursue; more I can think of:
Culinary!!! Think about being a cook, a chef or a pastry maker. (My uncle and his brothers were bakers. They had excellent jobs in a commerical bakery -- they distributed cakes, breads and other baked items to other bakeries) Excellent salary...
And your job CANNOT be outsourced or offshored!!!
Same goes for many of these careers:
Cosmetology, fire science, paralegal (maybe), EMT, glazier, mason, metalworks (people still need gates, awnings and decorative metalworks for exteriors and interiors, and banisters also -- outdoor kitchens are also big; lots of big money clients will pay good money for an outdoor kitchen) tailor, seamstress (I know somebody who did this at home for many years; she made wedding gowns, fancy after 5 dresses, men's pants and even covers for television cameras) -- there are many more I can't name.
You are not some dummy if you pursue any of those fields, or the ones I previously mentioned --- you have to be smart to measure pipes, weld so that the item doesn't come apart at the seams -- and we still need people to install sideewalks, cut hair, do makeup and produce glassworks.
There is a company not far from me that is a giant in the sacred glass field --- they get many a contract re-doing and remodeling and replacing stained glass windows and also making sure the lighting for a house of worship is precise for the inside and outside of the building.
Mirrors and certain glass works are key in many items: cameras, telescopes ocular microscopes and more. You can't be a dummy if you are doing precision works.
Let me ask you bot this:
What do you like to do?
What are you exceedingly good at? Everybody is good at something.
And what classes did you excel in in high school?
What is your passion?
Use that as a guide to what you might like to pursue in the future, a trade included.:)
One of the best classes I ever took in college was a personal financial planning class. In it, I learned that your mortgage should be about 30% of your income. If I was in your position, I would sell, sell, sell!!
That being said, I would totally endorse college courses. Some classes are kind of pointless and boring, but others (like that personal financial planning class) teach you SO MUCH! Just the fact that you've taken college-level classes makes you a better candidate for some jobs.