A Reddit user, aiming to buy a $1.4 million "forever home," navigates financial considerations amid lifestyle changes, including his wife's desire to become a stay-at-home mom. With a $380,000 joint income and $2.85 million in investments, concerns arise regarding the homeâs affordability and appropriate down payment. They face increased expenses due to daycare, urging a deeper evaluation of long-term financial health against this substantial purchase.
Before buying a home, assess overall affordability, budgeting for payments, and how it aligns with future financial goalsâespecially significant lifestyle changes like a parent's decision to stay home.
Couples should evaluate their total income and ongoing expenses, including additional costs like daycare, ensuring the desired upgrade will not detract from financial health or retirement savings.
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