(Closed) Save more for house now or travel more? What would you do?

posted 4 years ago in Travel
  • poll: What would you do?

    Save more money now to buy a house sooner

    Travel more and save for a house later

    Other? Comment please!

  • Post # 17
    Member
    605 posts
    Busy bee
    • Wedding: February 2016

    View original reply
    zwimmerz:  I actually think home ownership is incredibly overrated! Especially since you want to have children, I would travel now! 

    Post # 18
    Member
    944 posts
    Busy bee
    • Wedding: November 2012

    If I were in this situation, I would save up and buy a home, BUT I am not huge on travel. We have places we want to visit but they’re almost all in the US. We plan on doing road trips with our kids. Buying a home was our priority so that’s the direction we went with. 

    If travel is big to you guys and youve got the means to do it, then I would go that route but maybe try and save towards a house at the same time? Obviously don’t know your financial stats and don’t care to, totally your guys’ business!

    Post # 19
    Member
    1386 posts
    Bumble bee
    • Wedding: June 2014

    We’re traveling first. We have a two bedroom townhome in the city. The housing market here is crazy. A dump is going for more than it’s asking price so unless you can pay in full it’s not worth it. Maybe we’ll look into buying a house in a few years. Plus – we love the city and aren’t ready to move out into the suburbs. We love traveling – Mexico, Europe, Canada, etc. It’s easier with the townhome to leave. That’s just our experience and what we think. We don’t have any debt except my school loan. 

    Post # 20
    Member
    343 posts
    Helper bee

    I’m in almost the same situation as you, OP. We rent from my mother-in-law and pay just about half of what she would charge otherwise, but we just recently had to use all of our savings after my husband had his second brain surgery this February. It taught us that tomorrow isn’t always going to be there, and as a result we have decided we would like to travel a little bit more before we buy our own house. A house of our own sounds so exciting, but traveling and making memories with my husband means so much more now. That doesn’t mean we won’t save for our house, it just means we are taking the scenic route to get there. So I voted to travel now before you buy your house. 

    Post # 21
    Member
    1448 posts
    Bumble bee
    • Wedding: May 2016 - St. John\'s Lutheran Church

    Another vote here for travel. You’re young. Enjoy travelling the world while you still have good knees.

    Post # 22
    Member
    906 posts
    Busy bee
    • Wedding: October 2016

    Why not both?

    What are these destinations you want to visit? If they’re domestic, they could be affordable trips. If they’re international, then you could plan them out a year or more in advance for best savings. 

    Post # 23
    Member
    2639 posts
    Sugar bee
    • Wedding: April 2014 - Italian Villa

    View original reply
    zwimmerz:  We are in a somewhat similar situation. We (okay, mostly I) have a bunch of places we’d like to go before kids, but we’d also like to buy a new home before kids. The way I see it, it’s easier to take a trip ($3k-8k) than it is to save up for a house (we need an additional $60k or so to get our “dream home”), and if something happened and kids came sooner than we planned, I would rather have spent our time traveling and “deal with” our current house than be in the dream home and be sad about not having travelled. 

    Yes, the world will always be there to explore, but it’s easier to travel widely and feel less guily about it when you are young and don’t have kids, retirement funds, or a hefty mortgage to worry about.

     

    ETA: We are taking a pretty wild trip this summer (Italy, Greece, and Turkey!), which I am veiwing as sort of a last hurrah, and after that we’ll get more serious about saving for the dream home and only taking smaller, domestic trips or none for a bit.

    Post # 24
    Member
    103 posts
    Blushing bee

    I agree with previous sentiments that you don’t have to make this an either or decision.  You can travel a LOT for relatively cheap and if you spend some time and effort on points churning you can make it even cheaper.  

    I almost never pay for flights because I usually redeem points/miles that I earn through credit card sign up bonuses (I never carry a balance) or in the airlines shopping/dining/survey portals.  It can be tedious to track all that… but for me its worth it bc I never have to feel guilty about how much I spend on travel! 

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