(Closed) Normal or irresponsible?

posted 6 years ago in Money
Post # 3
5273 posts
Bee Keeper
  • Wedding: October 2009

I think that if his pay alone can cover the cost of the rent/bills then go ahead and sign.

If you both are relying on your pay to be able to afford the rent/bills, then its not a risk I would take.

Post # 4
12974 posts
Honey Beekeeper
  • Wedding: November 1999

When we picked a place to live, we would only consider places we could afford on one salary, and the lower of our two salaries, in case, heaven forbid, one of us lost a job.  I wouldn’t sign a lease banking on what you think you’ll be making..it’s risky business!

Post # 6
2401 posts
Buzzing bee
  • Wedding: September 2013

We did the one salary option too. If one of you can afford it (on top of the rest of your bills), then go sign the lease. Also be aware that most places will ask to see proof of income.

Post # 7
1030 posts
Bumble bee

I did exactly what you’re doing right now. He was still at university, and I was only working part time. We could JUST about cover it and went for it.

Then I got sick. And my sick pay alone couldn’t pay the rent let alone the bills.

HOWEVER. we scrimped. we scraped. we went into overdrafts. AND WE MADE IT. it was tough, sure, but we look back on that time with the opinion that that was the hardest struggle we’d ever face – and we got through it. it put so much perspective in life – and we’re happy knowing that as a couple we got through the hard times.

My personal opinion is just go for it. If it’s not THAT much more than what you’d be paying for something smaller, I would bite the bullet.

That all being said – my home is a massive factor in my life. I couldn’t be happy living in a studio apartment, and I was willing to do everything it took to live somewhere beautiful.

Most people would tell you not to take the risk, and the sensible thing is to not risk it – but when it comes to a home, I do the complete opposite because it’s what my heart aches for.

Post # 8
3697 posts
Sugar bee
  • Wedding: May 2012

I firmly believe that you should be able to pay all your major bills on one salary.  I was raised by an accountant and Dutch woman, though.  🙂 Who, by the way, own their home outright, owe very little on their cars, and mom only works a few days a week.  I’ll want to stay with our children so we’d never commit to more than MrJ can pay for.  Rent is a little different since it’s easier to get out of, but you like to also save a little if you plan to every buy…

Post # 9
1375 posts
Bumble bee
  • Wedding: September 2012

I understand the concept of being able to pay all your bills on one salary, but honestly in some places it just isn’t feasible.  We could probably live on FI’s salary if I was laid off, if I got a part time job while looking, but we definitely couldn’t live off mine.  We live in Boston, apartments are expensive, especially if you aren’t sharing with 3+people.

You said that everything is included in the rent for this large apartment (heat, parking, etc).  What about the smaller places you’re looking at?  If everything isn’t included in those, I think the larger place could turn out to be cheaper.

Post # 10
1866 posts
Buzzing bee

@AnnieAAA:  I agree with you.  If worse comes to worse and you can’t get a job or something happens to your job that you have lined up, you need to be able to pay the rent on his salary.

Post # 11
1719 posts
Bumble bee
  • Wedding: September 2012

There is a lot of uncertainty with the way the economy is now so it’s not irresponsible to sign a lease if you’re not sure where your income is coming from.  However, I wouldn’t want to put a strain on the relationship if something to happen.  So…if you have substantial savings to fall back on and you’re ok with that possibility, you can go ahead to sign the lease. //  This is a toughie! Good luck! 


The topic ‘Normal or irresponsible?’ is closed to new replies.

Find Amazing Vendors