Once again....we tried and failed. No move for us. While this is disappointing in itself, the larger impact is looming. The cost of living here just outpaces our income. No raises coming.
We can't afford to live here. Mortgage (and taxes) and utilities are supposed to be no more than 30% of your income. Counting utilities as electric, oil, water, then we are at 47%. The mortgage alone is 37% of our take home. Dumb us. We took the equity out of the house 3 yrs ago to pay off debt...then ran up more debt. Couple this with an above average interest rate. And rising cost of gas and oil. And here we are.
The oil price is going to go up about 50% in the next budget year. We can't afford that. I am getting scared that we are going to have to sell the house. We are current on the mortgage, but not sure how we can pay off debt without some drastic changes.
We are so royally screwed. I might have to find a way to go back to work full time. Of course that poses some child care challenges....especially with an Autistic child with a feeding tube.
No idea how to do this.