Post to Facebook on 20/11/2019 1:15 PM
Commenting on “Six reasons why living in a small house is better for you”
Many reasons stated in the article are very valid. However, for me to choose a small house at the start was nothing more than economics.
The loan repayment was much less and did reduce the mortgage stress. Any spare money was saved for rainy days, or a little "luxury" of dining out once in a blue moon.
Especially these days, the biggest expenses come from utility bills. Savings in heating and cooling a small volume of space can help paying extra towards mortgage. Based on compound interest calculation, that can mean many years of early loan retirement.
Now you understand why I recommend to buy a small house for your first home, unless you can afford a bigger budget and have no problem with finance.
I doubt most people drop dead at 50 years old, so keep the extra savings to enjoy your senior age!
Thank you for reading.
Commenting on “Six reasons why living in a small house is better for you”
Many reasons stated in the article are very valid. However, for me to choose a small house at the start was nothing more than economics.
The loan repayment was much less and did reduce the mortgage stress. Any spare money was saved for rainy days, or a little "luxury" of dining out once in a blue moon.
Especially these days, the biggest expenses come from utility bills. Savings in heating and cooling a small volume of space can help paying extra towards mortgage. Based on compound interest calculation, that can mean many years of early loan retirement.
Now you understand why I recommend to buy a small house for your first home, unless you can afford a bigger budget and have no problem with finance.
I doubt most people drop dead at 50 years old, so keep the extra savings to enjoy your senior age!
Thank you for reading.
