Question by jaysea<3: What are ways to save Money in order to buy a house in 3 to 4 years from now?
I am currently a college student.
I will be graduating 2012.
I was wondering what are ways i can be saving money in order to buy a house in three to four years from now.
Also any jobs i should apply right now that i could earn more money.
Answer by jonpierre56
I am a college freshman as of now as well but won’t be next semester. I will be joining the USAF because I will always have a guaranteed income even when the economy sucks, I also want to do new things rather than sit around in a classroom learning about things that have no use in real life. (Like art from the Renaissance) Besides, with the economy the way it is even a college degree won’t guarantee you a job.
That is a little off topic, but here’s the deal. While you are a full time college student for 4 years, you CAN work a part time job, but it’ll probably be at some place like McDonalds or Wal-mart, or some other minimum wage job that hires teenagers with no job skills or work experience. You will not make that much money, but at least it’ll be something. Remember that the time it takes being in college is lost income.
Example: You don’t work at all through your whole 4 years of college. Meanwhile you are getting into debt instead of potentially earning money had you been working full time. A house is a major purchase, and you will not be able to save nearly enough for the cost of a home, especially on a part time, minimum wage income. Pretty much everyone has to take out a loan to pay for a house.
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