Post # 1
We’ve been saving for a house but we luuuuuuurve to travel! Travel is something we’ve always done, it defines us as a couple and as individuals. We’ve done some amazing trips including a big trip for our elopment last year which was 5 weeks and included a cruise and it was the most fabulous thing we’d ever done.
At the time we decided that we were going to come back next year (2013) and do another one, so then we started saving. We have decided that we aren’t going to TTC for a few more years. I’m 27, he’s 32. We’re thinking 30 and 35 is when we’ll ‘settle down’. I like the idea of buying a house, because I play the Sims alot and I’ve been keeping an eye on the market and we know what we want. We know our first home won’t be our forever home, we would need to buy something cheap to start off and then continue to save forever for the home of our dreams (we have expensive ideas!).
I really want a house but am also REEEEEEEALLY tempted to do another trip as well!
We will need to save a minimum of $25,000 for a home loan deposit and the trip I’m looking at doing (Italy) is about $10,000. We currently have $6000 saved and I was thinking of booking the cruise and surprising my husband for his birthday (even though technically it’s half his money but I am the treasurer so he wouldn’t mind how I spend it either way, although I KNOW would be totally stoked to go to Italy and that would be the most awesomest birthday present ever).
What do you think I should do..?
Post # 3
@KellyLouise: Oy. That’s always the conundrum, isn’t it?? Travel is part of your lifestyle (I have enjoyed your wedding posts!), so I am leaning toward the travel since you’re not going to settle down for a while. Is there any way you can make the Italy trip cheaper? Or stay longer and teach English so you can earn some cash while you’re there?
Post # 4
Also…a house is a house but travel is experience. When you die, will you be more excited that you got to see the world or had your dream home sooner?
Post # 5
I definitely don’t think you should surprise him. He might be really upset that your home savings goal was derailed.
I’m of the mind that you should still have fun, and saving for a house doesn’t need to be your only priority (however, our 20% dp is 150,000 so that kind of intense saving just isn’t sustainable years and years on end). Once you have a house it’ll become the priority, so if you’re ok with delaying the purchase for X amount of time it will take you to re-save that $10,000 then I think you should take the trip.
Post # 6
@KellyLouise: Umm…honestly, with a large purchase like that, I would want to be 100% sure he is on board with it before buying it. Half of it is HIS money and initially you two planned to put it toward a house.
What if he is really set on purchasing a home soon? While he may love to travel, he might also like a house sooner. Perhaps “surprise” him with the spontaneous idea to go on a trip and then go from there….
I would not be comfortable spending that amount of “our” money before consulting my Fiance first.
Post # 7
@bmo88: He is of the exact same mind set of me… being my soul partner 😉 we are both equally torn between the two choices. I 100% know that he would be happy with my decision either way because he is awesome like that. Buuut I would definitely pick his brains to see if he’s suddenly leaning more towards buying a house instead of a trip before I committed to anything.
Post # 8
@KellyLouise: I voted for the trip, for a few reasons.
1. Like you said, you’re both young and don’t want to settle down just yet. So you’ll have a few more years after this to save.
2. Going to Italy is my dream! One day…
3. Home ownership sucks. It’s one big money pit. Then, when you want out its difficult to sell and make any money from it once the lawyers and realtors get their cut. (Yes I’m speaking from my bitter experience- worst decision I made in my late 20’s)
4. You can do the trip you want for 6K, no problem. 10K IS a lot to spend in one vacation.
I don’t know about surprising your hubs though, you may discover he has his heart set on the house you’ve been saving for. This is a big decision and a big trip, something you need to discuss and plan together.
Post # 9
@KellyLouise: I would say my Fi and I think are on the same page 99% of the time and typically make the same decision/choices. But soulmate or not, if it were our situation…I would recognize that it is still “our” money and therefore would warrant a joint decision beforehand.
But you know your relationship better than we do, so if you are comfortable doing it that way, I would say go for it.
Post # 10
OK I agree that the surprise is probably not the best idea 🙂 I wish someone would surprise me with a trip to Italy though LOL If by the end of the week I’m still hell bent on Italy, we’ll have a sit down chat. The poll is saying buy a house though but no-one has really explained why they think it’s a better option than travel..?
Please post why you’re picking the house. I need convincing 🙂
ETA: Meanwhile, via text, ME: “Sooooo tempted to buy sale fares to Europe” Darling Husband: “So how much are these tickets?” ME: “I’ve been looking at holiday things all day, dreaming away” Darling Husband: “I love you my yerksa. I’d love to take you away to Europe for our anniversary”
100% know that we are on the same page.
Post # 11
@KellyLouise: I did not vote to buy a house, but some people may be thinking the following:
- It’s the best time to buy a home right now because the market is down (in most areas, not all)
- You mentioned wanting to start a family in about three years and you still have quite a bit of money to save for a down payment–a $10,000 trip could seriously derail your plan
- $10,000 is a lot of money to spend on one trip; you could probably take a similar trip for less money
Not 100% sure, but that’s what some people may be thinking…
ETA: Didn’t realize you were in Sydney, comments 1 and 3 may not apply.
Post # 12
@mtnhoney: Thank you for this reply! very insightful. $10k for the trip is pretty reasonable I think… flights alone are about $2500pp return ($5000) from Sydney to Rome or Venice.
Post # 13
@KellyLouise: oh god, right. You’re down under! Sorry. Well then I hope you get a flight deal!
Post # 14
OP, I get that you’re on the same page as each other, but IMO $10K is a lot to spend on a surprise if it wipes out your house deposit.
Post # 15
Go on the trip! You’re young and you only live once 🙂 We love travelling too, personally I would be content to rent forever 😛 (owning a home, while it may happen one day is not a goal of mine)
Post # 16
I’ll vote for House, and this is why:
You’ve said you guys have gotten to do a lot of traveling. That’s amazing! A lot of people never have that extra money (and time) to take overseas trips, yet it seems like you’ve gotten the chance to do it multiple times. At this point, it almost seems like traveling is insatiable for you, and even if you go on this trip to Italy, there will be a next trip you want to take…
If you’re serious about wanting to buy a house in the next few years, that money would be really helpful to have saved up. Things like “You only live once” and “Do it while you’re young” don’t really apply to you, because you’ve actually gotten to travel and have those experiences! It may be time to save up for a new experience—buying a house and starting a family, which some may argue is best done while you’re young!