How can you afford?

A friend recently asked me about my Christmas vacation plans and then said ” I don’t know how you can afford to live like you do”

The answer is very simple. I don’t live for anyone.

I live in a small house..My house is not an architectural wonder..It is a very simple house, but it fulfilled all my criterion.
Location !Close to schools and public transport.
Small house, lots of land ( land value increases over the years)
Less than 10 years old ( older the house, the more you spend on fixing it )
Enough rooms for my children
Single story house and Disabled friendly.. ( I don’t foresee myself living in Australia for the rest of my life, but in the event I do, I wanted to be able to live in my own house independently..two story houses are a pain as you grow older and it costs a lot more money to convert a house in the later stage to make it wheel chair friendly)
Most importantly, I didn’t want to send the Bank CEO on a vacation using my money !

Simple maths can tell you that if you take a loan of $250.000 at 7.25 % over 30 years, at the end of 30 years, you would have paid  $600,000 to the bank..and that is why the banks can pay their CEO’s millions of dollars as bonus.
I don’t see the need to impress others by living in a very expensive house.. My ego doesn’t need a boost..I don’t care if I am judged by the size of my house..
I can afford my holidays because  instead of giving all my money to the bank, I chose to live in a small house and  spend my money on our holidays.

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