At church meeting yesterday, we went through a checklist of "survival skills" for living in poverty, middle class, or upper class. There were things like "I know what to do if I can't pay my bills" or "I know about credit rates and annuity" or "I know where to sign my child up for scouts." I realize how little I know about life in ALL of those categories. I know next to nothing about money, and I'm not sure that I need to. I just pay my bills out of my checking account, auto-pay my student loan and keep a certain amount of money in my savings account. My dad wants me to get invested in a mutual fund, but I keep stalling because money in many different places freaks me out.
I really want to live in a house with a bunch of people and be able to offer spare rooms to homeless people that I know, but I can't do that when I rent because it's generally not allowed. So someday I'll have to look into buying a house. I don't know the first thing about buying a house. I don't have any credit because I've never had a credit card, so I don't think I can get a house loan. How does a person even buy a $100k-$200k house? Do they take out a loan and cut a hugeass check or pay in installments? What the hell is a mortgage?