Budgeting, Homeownership, Lifestyle, Personal Finance

The Cost of Owning a Home | My Personal Experience

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Hi friends,

It’s been a while! I want to thank you all for the incredibly positive, warm and supportive feedback I received on my last post, How I Save Money on an Inconsistent Income. It means a lot to me to know that I’ve helped and inspired some of you with your own finances!

Today I’d like to share with you all the costs & expenses I’ve come across as a homeowner. Of course, everyone’s experience is different, so this is tailored to my personal expenses – after all, my house is no luxury beachfront villa; it’s a modest, free-standing house in a safe and sensibly priced suburb. I thought it would be interesting to share what I pay for now that I own a home vs. when I was renting, and hope it will be helpful to both other homeowners and future homeowners with my transparency.

What do you think of when you think of buying a house? Personally, I think it’s so easy to simply think of the purchase price and mortgage payments – plus mortgage protection if you want that peace of mind. I obviously knew there was going to be more, but now that it’s been two years, I truly have a fuller picture to share with you all.

But first, some background..

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