Quote:
Originally Posted by IRISHGIRL3US
Hello, please forgive me if I am not proceeding correctly I am new at this.
I am considering buying a home and would like to know what extra cost per month there are.
ORHER THAN .
Mortgage, bond, electric, insurance. Can someone help?
Kate
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I assume you are trying to budget. People are all different. I have a long time friend, I was shocked that he knows how many rolls of toilet paper he use and how many his wife uses.
My view, you are always better having more than you think you will need. It is very unlikely that social security, pensions etc after taxes will keep up with rising costs.
Inflation. We are told the goal is 2%. Food, and medical are going up far faster than that.
Using the 2% number in 36 years you will need two dollars to buy what a dollar buys today.
Two percent is way below the real average long term inflation rate.