With all this moving stuff going on I've been doing the numbers on cost of living, rough bill amounts and various bits of money coming in and out that will happen at the new house. To say the least it is looking good. The new mortgage is only a little bit more expensive than the current one and cuts 5 years off the time period even if we don't pay more each month. Property tax is less, vehicle registration is less, state income tax is about the same, no water/sewer costs, the list goes on quite a bit. Not to mention that fuel costs for the car will go down significantly, we won't have to pay a monthly fee to store our caravan, no monthly maintenance fee on the pool. Sure there will be some other fees but nothing that we aren't paying right now, satellite TV instead of cable, internet access instead of cable internet and the fact that we will need to pay for rural fire service since we are outside the city area.
All this with a salary that is based on living expenses of one of the most expensive areas of the country to live in. It just makes me hopeful that a lot of money can be saved for retirement in the future, bills will never pose a problem (not that they do now really but still) and some more can be spent on recreation for my wife and I including actual holiday trips.
I know in the end we won't know the exact impact financially until we have lived in the new house for a few months but I am certainly at the point in my life where I just don't worry about the money. After having such a hard time early on in my career proving myself and getting to the point where we could live comfortably I really don't want to give up what we have. With things as they are the rest of our lives are looking really good.
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