Should I rent a house that takes >50% of my income

My advice? Go for it: live there for a year or so and see how you feel about it. In the meantime, you can take a breath of fresh air to be alone and free (which I prefer - don't tell my wife!). You could in that time find a good roommate. You could also find a better paying job? Heck, with all of the time you are saving by not commuting, you could find a second job or do work online (fivver and other jobs like testing websites and such).

You have to also consider: You might only save $200-300 a month living with other people? Live a little and get some quality of life. Stop and smell the roses.

Also, if you are driving to work, it sounds like you will save a lot of wear and tear and gas expenses.

I had a similar situation. I had 2 kids in a small apartment far from daycare and bus for commute. I walked out of the lease, because I found a house (to share - mother in law apartment below) that cost me more, but brought me a great deal of peace of mind. The house was across the street from the daycare and I could walk to the bus to work. I saved time in the morning preparing for work. Money on gas. I was in a house and not an apartment in a busy crazy area that was no fun and no yard. Also, when my car broke down or went in for service, it was a one hour bus ride to the daycare. It was no fun. I paid more for the house for only a short time until I bought something. But I was extremely happy and in a great neighborhood and it gave me time to think and be happy. It was a huge change for me and the kids were happy. It wasn't a long term thing going on.

I am one of the most frugal people you will ever meet, but I knew that even though I was saving up for a house and leaving on a lease early, that the move would have a big impact emotionally and good for everyone. Sometimes you have to think beyond the numbers. It's good to be cheap and frugal and good with money, but sometimes you have to consider your quality of life and how that can very positively affect you.

Who knows: maybe you will find a partner and share the expenses of the place you are talking about. But it sounds like you need to take a break.

/r/personalfinance Thread