Monday, May 18, 2009

bright lights, big city...big bills!

Here's the situation.

J and I are moving in T-minus 13 days. We're moving from a two bedroom basement suite in the country to a two bedroom condo in the city. The catch? Oh, nothing much - only about $1000. Per month.

That's right, our rent is increasing three times over. We're paying $500 a month up here in the backwoods, but that's just not going to cut it when you're talking luxury condo - so hello $1500 rent!

Somehow we have to make this work. And it's going to be tough - we've lived the life of having extra cash to throw around, but those days got us in a bit of trouble. Now we have to clean it up. We've got to get ourselves out from under thousands of dollars of debt, put money aside to buy our own house within 5 years, and start saving for retirement - all while stretching our paycheques to the max just to have a roof over our heads.

Well, good thing I like a challenge. We're going to get through - and I'm going to blog about it along the way, because I've got a lot to learn and I need to keep myself accountable!

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