Personal Finance Weekday Help and Victory Thread for the week of April 01, 2019 |
- Weekday Help and Victory Thread for the week of April 01, 2019
- My retired father has a considerable income but is having trouble paying bills/taxes. I'm worried about his spending habits. What course of action, if any, can I take?
- To Buy A House or Keep Renting and grow 401K
- Citi Bank Rejected Chargeback
- 23 years old, making my first Roth IRA with Vanguard. What funds to invest into?
- Positive update on Lenovo Collections "nightmare"
- When does it STOP making sense to max out your 401k?
- Account told me I should not have contributed to both a Roth IRA and a Roth 401k and that I’ll have to withdraw from my IRA and pay penalties. Everything I find online says this is OK - do I need to find a new accountant?
- I neglected to sign a check, but the recipient tried to deposit anyway. What will happen?
- Late to the game: Is this a good split for my three-fund portfolio? How would you change it?
- Should I open up another secured card, or add more money to my Discover It Secured?
- How do you plan for disaster?
- I need help: I'm unsure how to obtain a refund but in desperate need of one.
- We owe 7k in taxes. That's gonna hurt. Payment plan or 0% credit card?
- Help me understand my Roth Ira
- Help me find a solution for a leased car please.
- What is the best way to minimize paying off HIGH debt in my scenario?
- Should I start making payments towards a past-due credit card?
- Dad wants a doublewide that just came up for sale, but he declared bankruptcy a few years ago. He wants me to get the loan in my name. Trying to decide how best to help him.
- Health Insurance for medical school
- My rent is late.. how do I make quick money?
- When transferring money from bank account to Vanguard account, is it automatically invested in a fund, or does it default to your settlement/money market account???
- New, large income...what do I do with it?
- Want to buy a car a year from now. Would this be financially feasible
- (US) Is my five year plan plausible?
| Weekday Help and Victory Thread for the week of April 01, 2019 Posted: 01 Apr 2019 04:09 AM PDT If you need help, please check the PF Wiki to see if your question might be answered there.This thread is for personal finance questions, discussions, and sharing your success stories:
A big thank you to the many PFers who take time to answer other people's questions! [link] [comments]  |
| Posted: 01 Apr 2019 04:38 PM PDT My father is 74, he is retired. He inherited ~1.5 million usd from his parents. he has that money invested into an annuity, from which he receives over 5,000 usd a month. he also collects social security, and has a very small retirement from working at american airlines. overall, his monthly income is more than 6,000 usd. He lives in Utah and his rent is just under 1,400 a month. He is having trouble paying his bills, he cancelled his cable subscription because he couldn't afford to pay 300 usd per month for it. he always has trouble paying his income taxes. He also regularly brags about wearing 2,000 skiing outfits. he claims all of his skiing outfits cost that much. He asked me if he could use my address (I live in california) as his place of residence so that he can avoid paying utah state taxes. he wanted me to send all of his bills, mail, etc. to him in Utah. I told him I couldn't do that because I did not want to knowingly assist him in committing tax fraud. his immediate response was to remove my phone from his verizon plan after sending me a text message saying he does not want to speak to me and that I'm not welcome at his funeral. He has grown increasingly stubborn and mean in the last few months, I'm worried that he either has some sort of mental illness, like dementia, or that he has gotten himself into some sort of debt or drug abuse problem. What should I do if i think he's not capable of managing his finances? is there anything I can do? any advice or information is appreciated, thanks for reading. edit: it looks like I may have too many messages to reply to at this point. thank you to anyone who has read this, and anyone who has left heartfelt or useful advice. I really appreciate it. I'll try to read through everyone's advice/comments, whether or not I reply. again, thank you. [link] [comments]  |
| To Buy A House or Keep Renting and grow 401K Posted: 01 Apr 2019 06:17 PM PDT I live in NYC metro area. I'm finally getting rid of my student loan debt YAY! And am now thinking about what we should do with our savings once that financial burden is out of the way. I have a 2BR/2BA that I rent. It's a pretty sizeable apartment in an awesome safe and convenient location. The rent is affordable and the landlord lets me sign 2 year leases at a 2% increase (so far). Heat and water is included. General maintenance included. I could keep renting and max out 401K, shelter income in HSA and FSA account, and start IRA. Or I can put some of those things on hold and save for a down payment on a house. The issue is that to get a move in ready House it would be at the top of what I can afford or Id have to spend 3-4 years saving for a reasonable down payment. Houses that are easy to afford are actually decrepit and require a lot of investment. I kinda don't want to do that. Any thoughts [link] [comments]  |
| Posted: 01 Apr 2019 06:43 PM PDT I ordered a pair of Beats headphones and a snack at my school's bookstore. After opening the packaging of the headphones, I found them to be defective. My school's refund policy states that I am only able to make returns and exchanges for up to 14 days given that they are unopened and undamaged. I figured I'd take the headphones to the apple store to file a warranty claim but they told me that the warranty on the headphones was activated and expired a year ago so they can't fix the headphones. They told me that this probably means that my school store sold me used headphones. I go to the school store and tell them I want to return the item because they don't work and are defective. The cashier sends me to the manager who consistently denied that they would sell me a product that doesn't work and tells me to take it up with apple. I kept telling her that I already went to them and they sent me back to the school store. She then tells me to write down my name and number and they'll call their supplier and see what's up. In the meantime, they told me to hold on to the headphones and my receipt. They never called me back so I filed a claim with Citi. I just received the results today. They reversed my conditional credit. One main flaw with the merchant's report was that it was very blurry (like the ink was running out). But the ink was fine for the circles they made on the invoice and explanation of what they're circling. However, the content inside the circles were very blurry. Another thing they claimed was that this purchase occurred on their website and that because I still have the product, by filing this chargeback, I'm committing theft and that citi should reject this chargeback. I'm not sure what i should do at this point. I'm just a college student trying to get his money back. Citi included an option to reject the initial outcome and to include a detailed letter regarding my experience. [link] [comments]  |
| 23 years old, making my first Roth IRA with Vanguard. What funds to invest into? Posted: 01 Apr 2019 03:20 PM PDT Let me preface this by saying I know very little about this topic I'm 23 and I plan on maxing out the Roth IRA every year from now. I will be putting in 6k which is the max for this year. I plan on making one with Vanguard but I don't know what funds to invest in. I was looking at the Target Retirement Dates as those are 90% stocks & 10% bonds, but at my age, I heard I can be more aggressive. Should I go with a different fund? Will only having 6k in right now affect what fund I should go towards at the moment? [link] [comments]  |
| Positive update on Lenovo Collections "nightmare" Posted: 01 Apr 2019 05:42 PM PDT Here's my original post from yesterday: https://www.reddit.com/r/personalfinance/comments/b7ozh2/lenovo_cancelled_order_sent_anyway_didnt_give_me/ I'd like to thank everyone who weighed in, especially those who were thoughtful and took time to hash it over, but including those who just called me an idiot. I didn't handle this correctly, but thankfully there is a happy ending. I spoke with accounts payable this morning (the number from the person who emailed me just rang and rang so I found one on a Lenovo post from years ago). They explained that the debt collection firm did not own the debt but was working to help them track down accounts, contracted with Lenovo rather than buying debt from them (at least in my case, and it sounded like that was the set up more broadly). I paid the balance by phone, and received a confirmation email that copied the debt collection firm in which the Lenovo rep said I needn't worry about any sort of credit reporting. To be absolutely positive, I emailed back the rep at the debt collection firm (I had less fear of doing this now that I understood their relationship with Lenovo, again, at least in this case), who put in writing that they not report to any credit agencies under their arrangement with Lenovo as an "account receivable management company." They also confirmed the matter was closed. I am satisfied with that as I have it in writing. Anyway, thought I would share this update. Definitely learned a lesson here. Hopefully at some point Lenovo's communications between departments will improve. Oh, and if anyone wants a new Thinkpad bluetooth keyboard let me know. It's actually pretty good. [link] [comments]  |
| When does it STOP making sense to max out your 401k? Posted: 01 Apr 2019 09:38 AM PDT Basically, after reading "I Will Teach You To Be Rich" 6 years ago after graduating college, I decided to take all the recommended steps:
Things have gone well in my career, I'm making a very good salary with a potential "windfall" from stock options in the next couple of years, and am starting to think about buying a house in a few years or so. Unfortunately, the house will almost certainly be in one of those high cost of living areas where it costs well over a million dollars for a small home (bay area, etc.). Out of dogma, I've been maxing my 401k each year (NO company match), but I'm wondering if I should stop doing that and direct all of my savings into post-tax instead of pre-tax so I could afford a house in 2-5 years. I already have about 130k in my 401k and am 28 years old, so I don't see the need to keep maxing it out...just seems like a lot of money that I won't be able to access for a long time. Is this a good idea to stop funding my 401k for a few years and focus on post-tax accounts only? Or are there things I'm not thinking about? [link] [comments]  |
| Posted: 01 Apr 2019 08:44 PM PDT |
| I neglected to sign a check, but the recipient tried to deposit anyway. What will happen? Posted: 01 Apr 2019 08:03 PM PDT I wrote a check to a company for work performed around the house, and I neglected to signed the check before handing it off to the company. The company did a mobile deposit on their end with the check and the transaction posted in our account, removing the amount of money from our bank account that was on the check. So far so good. The issue is that the company is staying that we need to send another check since we didn't sign the first one, but the amount is still showing as a posted transaction on our end. It's only been a few days since the check was given to them, and the check posted on our account in 3/29, so I'm confused - doesn't it take a few days to clear the check on their end? What's the best course of action here? Thanks! [link] [comments]  |
| Late to the game: Is this a good split for my three-fund portfolio? How would you change it? Posted: 01 Apr 2019 12:21 PM PDT I'm 30 years old and realize I'm very late to the investing game. My portfolio is currently sitting at:
What would you change? I see a lot of people recommending I go 100% equities, so basically removing VBTLX(?). I've also had people tell me 30% in VTIAX is too much international exposure. Just curious what /r/personalfinance thought about it. [link] [comments]  |
| Should I open up another secured card, or add more money to my Discover It Secured? Posted: 01 Apr 2019 12:58 PM PDT My credit is in the low 600s, trying to improve it, I have 1 installment loan(car payment), my discover secured card, and 3 student loans, I have a few collections accounts, some of which are coming off this year or next Which would be more beneficial to my score? [link] [comments]  |
| Posted: 01 Apr 2019 08:37 AM PDT I may not be in the right place. Feel free to let me know that I should delete this. I'm questioning everything right now. All my choices. All my plans. Everything. My husband and I live a comfortable life. We aren't rich, but we aren't destitute either. He's our sole earner, and so, when our son goes to school, our plan was that I would return to work. I'm so close to finishing my degree, and becoming a teacher. It isn't necessarily my dream job, but I believe I would genuinely like it. I've always enjoyed working with people. In fact, the only jobs I've ever had were caregiving (adults with physical and mental disabilities), and daycare teaching. I genuinely loved them both, and considered going back to being a caregiver, but we thought teaching made the most sense. I would get to work with kids (something I love), and I would have off all of my son's school holidays as well. It seemed like the most perfect setup possible. Now I wonder if I should get into something I don't necessarily like, but will make far more money. It would mean giving up school holidays with my son, and moving into a career path that I would probably hate, but maybe it would be worth it? Just for the added security? All this wouldn't have even entered my mind, except I've spent the last four years watching just how bad life can fuck you over, even if you do everything right. Four years ago, my best friend was in a similar position as we are now. Her husband, like my husband, was the breadwinner. She had a job and made good money for our area. (Midwest, low income area.) Their lives were on track, and they were doing wonderfully...until he got sick. The doctors gave him 6 months to live. He made it 71 days. 71 days. That's all it took for their lives to go from perfect, to complete ruin. Prior to the diagnosis they didn't even know anything was wrong. They had no time to prepare. My best friend lost the love of her life, and her poor sons lost their father. The financial turmoil began slowly, but in the end, she lost everything. Her $15/hr wasn't enough to keep them afloat. They had filed bankruptcy already due to another medical disaster just 3 years prior, so that wasn't an option. His insurance denied payment on most of the medical bills, and suddenly she found herself so far in debt she couldn't keep her head above water. She lost her house. She couldn't find a place that would rent to her. Her wages were being garnished. She was homeless, with two children below the age ten. We took them in until they could gain their footing again. Now that her disaster has entered the healing stages, and she doesn't need my support as much, I have found myself consumed with the 'what if' worries. How can I justify taking a job as a teacher, making maybe 35k a year, when I saw what that sort of planning can do to a family. How can anyone possibly plan for this sort of disaster? I saw what those medical bills were like. I held her as she sobbed, telling me how she would never be able to pull herself out of this hole. Those numbers were well beyond what I could ever expect to put in a savings or emergency fund. Hell, they were more than what most of the houses in our area are worth. So an emergency fund isn't the answer. I can't get this all out of my head. I can't stop thinking about whether or not I'm making the wrong decision for my son. I watched her sons deteriorate because when their father died, all their stability went with him. The home they'd grown up in belonged to strangers. They had to share a weird guest bedroom, and live with other people while still trying to grieve. I won't let that happen to my son. I won't let everything we worked for be ripped away from him because one of his parents may one day have the audacity to die. How can I make sure that if the worst happens, he is still taken care of? How can I make sure that the remaining parent doesn't have to face their spouse's death with the added stress of losing everything? How do you plan for bills of that magnitude? Is the only answer for both parents to make over 100k, and spend as though the combined annual income is closer to 75k? [link] [comments]  |
| I need help: I'm unsure how to obtain a refund but in desperate need of one. Posted: 01 Apr 2019 07:51 PM PDT Hey guys! I posted this to another sub but thought it would be well suited here, too: I have a question that hopefully someone here will be able to help me out with. My husband and I booked a trip to Universal Studios Orlando about 6 months ago, and due to some horrible circumstances, we have fell on hard times and are in desperate need of money. The tickets we paid for Universal were $700, and I realize that Universal Studios says that they do not refund tickets, but is there any possible way to obtain a refund? Like I said, we are in desperate need of money and are really unsure what to do. Side note: the ticket package we bought has to be used by the end of May, and it will literally be impossible for us to go. Thanks in advance; I really wish I didn't have to post this, but I'm not sure where to go. [link] [comments]  |
| We owe 7k in taxes. That's gonna hurt. Payment plan or 0% credit card? Posted: 01 Apr 2019 07:50 PM PDT We have a lot of credit cards. All paid off, and a balance on one that's already 0 percent and we're paying down. Looking for advice on how opening another credit card will reflect on my credit report or a tax payment plan. We've also never owed this much (thanks to all the tax changes) so I'm unfamiliar with the payment plan process. How do they determine what you can afford? [link] [comments]  |
| Help me understand my Roth Ira Posted: 01 Apr 2019 10:24 AM PDT I'm completely dumb and don't understand much when it comes to roth IRAs. I hear people on here say 7%, but mine isn't close to that. The interest rate is 1.79 and the annual percent yield is 1.80. Does it grow or am I doing something wrong? Thanks! [link] [comments]  |
| Help me find a solution for a leased car please. Posted: 01 Apr 2019 04:58 PM PDT Hey everyone! So I need a little help and advice. My little sister called me this weekend and asked to help her get out of debt. Her and her wife combined make 143k a year..... Yeah, I know. I ran her and her wife through their budget and then taught them how to attack the debt. Honestly for the most part they were not spending money on anything stupid, but were not focused paying it off so basically just paying a little extra on everything thus never feeling like they were getting anywhere. For a quick recap they have about 14k in credit card and very small medical bills, 50k in student loans, 3 auto payments and a reasonable mortgage. We made a budget and I gave them a snowball plan and they "get it" now. The largest albatross imo is the auto loans, and honestly one in particular. Tacoma - $4800 Rouge - $32000 bought recently Sentra - $9k? But here is the kicker, it's a lease with 17 months left. The obnoxious part is the Sentra. It has under 10k in miles with 17 payments left of $525 on the lease and... sits in the garage untouched. From what I understand she was upside down 11k on a previous car and somehow ended up with this car. She then found a great deal on her Tacoma and garaged the Sentra. So I'm looking for advise on the best way to advise her on this situation. $525 is a lot of money that could be used much more efficiently in erasing her debt if we can unlock it. I'm just not sure how to advise her. I've always bought cars in cash until last year. The entire concept of leasing a car is foreign to me. I mean I understand that 90% of the time it's a bad gig but I'm not sure how to get out of it. I know she looked into surrendering it but from what I gather she would still owe the 9k ish left in payments and she was told it would go as a repo on her credit report, which seems ludicrous but I'm not knowledgeable enough to dispute it. Of course the dealership said she could trade it in for something else but that's because they want to sell her a car... that she doesn't need. I thought about buying out the lease but the payoff is 19k and the car is 14k private sale at best. If you all need any extra info I'll be happy to provide it. Much appreciated and much love. [link] [comments]  |
| What is the best way to minimize paying off HIGH debt in my scenario? Posted: 01 Apr 2019 05:54 PM PDT I'm in a bit of a debt pickle and need some help maximizing the best way to tackle it. I'm in a shit ton of debt due to a failed business venture and was charging everything on card at the time. Outstanding business debts:
Personal credit card is minimal, statement balance is always paid off by due date, credit score of 730 Current net take home pay is - $3400. I have 1 card currently with a free intro balance transfer offer with limit of $11500. currently $6482 out of $11500 available. 5% balance transfer fee. I currently have $6700 in liquid cash as well. Which is the best way to tackle the debt? What will not work: I have tried applying for additional 2 personal credit cards but am getting 7-10 day message. Thank you. edit: After rent + expenses, I currently have about $1000-1200 to pay off additional monthly. edit2: Would this be a viable option? With my current liquid cash I pay off balance on personal credit card of about $2000 so I would have $8482 out of 11500 available balance transfer and pay off card 2. Transfer balance of card 1 to 5% and start aggressively paying 3 then 4? [link] [comments]  |
| Should I start making payments towards a past-due credit card? Posted: 01 Apr 2019 06:37 AM PDT I have a credit card that is over 3 years past due. I get calls on occasion from the bank demanding payment, but I honestly don't have the money. They say they'll take payments, even as low as $5/month. This makes me suspicious. Obviously, this will never have any serious effect on the debt owed. However, I notice that each time they call, the amount due never changes - they don't seem to be charging me interest. If I start making payments, will that start the clock on interest due? This will drive up the amount due quicker than my meager payments will pay it down. I'm also worried about giving them my current address and banking information. Is this concern realistic? Do I run the risk of being sued or having them take more money out of my account? Thanks for your help and I apologize if this is the wrong place to post this. [link] [comments]  |
| Posted: 01 Apr 2019 01:53 PM PDT TLDR: My dad wants me to take out a mortgage for a doublewide trailer for him and I'm not sure what to do. He wants to pay the mortgage but says it would have to be in my name because his credit is bad. He wants to make a sizable down payment so that enough equity will be in the place that even if he kicks the bucket soon, I could still sell the place without losing money. The place is next door to some of his family, and would result in a substantially lower monthly housing payment than his current situation. Possibly important details: I recently took out my own mortgage for my own family, and my wife has a mortgage for an STVR she Airbnb hosts. We recently had a baby and my wife quit her teaching job to raise the baby. She also began turning over the Airbnb units herself rather than paying someone to clean them. My annual gross income is 68k. I pay $1000/month on my mortgage, $300/mo in student loans, and another $300-ish in bills. No credit card debt, auto or medical debt. I've got $20k in an IRA but no liquid savings. I owe about $140k on my home and have about $40k in student loans outstanding. My wife and I generally keep our finances separate. She currently makes enough from her STVRs that she can pay the bills there and pay her mortgage and buy groceries and have a little money left for incidentals. Our infant daughter's arrival 7 months ago wiped out most of our liquid savings. We have health insurance but it still cost us as much as you'd pay for a dependable automobile to have this baby, and so now our savings are tapped out. Dad lives on social security. Not sure what his income is exactly but it's not much. For a few years he's been paying $320 a month to rent a small place. He recently found out that a doublewide trailer is currently for sale next door to his sister. The asking price is somewhere around 40k. He estimates that the mortgage payment will be lower than his current rent payment. He thinks it will be $240 or less. So he'd be paying less per month and be closer to family (important because he doesn't get around well), and wouldn't have to deal with a landlord. The dwelling is substantially larger than what he rents, is on a foundation, and has a three car garage added on. It's a doublewide but it looks like a house, basically. The bank won't give him a mortgage. His credit is bad and his income is low. He had good credit my whole life and is a trustworthy guy, but he got wiped out by the Great Recession and a divorce at the same time and had to declare bankruptcy. I don't think most banks would give me another mortgage either (with my current debt-to-income), but dad lives in a small town and is best friends with the bank president. He says the bank pres will give me the mortgage as long as my credit is good. Dad says he thinks he can scrounge up 10k to put down on the place, leaving a mortgage of 30k or so. He says he will pay the mortgage but it will be in my name. I love my dad, and he doesn't ask for much from me. He's always paid his bills to the best of his ability. And he's paid for some of my college education and has always been a caring, supportive father. He's never asked me to borrow money or help him financially before. And I want to help him achieve his goals insofar as I'm able. At the same time, I'm really worried about taking on more debt at this point in my life. My family just lost my wife's primary source of income, and we had a baby, which turn out to be expensive ($40 for a can of formula!). I don't think dad will live another 20 years or whatever the length of the mortgage will be, which is to say I expect that I'd have to take over payments until I could sell the trailer after he passed. As far as investments go, a doublewide trailer in an economically depressed rural area is not something I personally have any interest in. Dad says that the $10k he'd put down would be enough equity that I wouldn't be underwater with the place even if he kicked the bucket six months from now. So would this be a good chance to give back to a dad who's given a lot for me, or a not-no-but-hell-no situation from a personal finance standpoint? I'm trying to sound intelligent in the info I'm relating here, but I don't know much about personal finance, real estate, mortgages, etc. Are there any risks that I may not be aware of? What would you folks do? Thanks for reading all this, and for any guidance you can provide. [link] [comments]  |
| Health Insurance for medical school Posted: 01 Apr 2019 06:23 PM PDT I'm starting medical school in late July and just lost my medicaid this month. I am 22 and live in a state that didn't expand medicaid and have no contact with either of my parents (I emancipated). I have been looking through insurance plans at the marketplace (ACA health insurance site) and everything is so incredibly expensive.... there's another website i was looking at, ehealthinsurance, that had what seemed to be much better plans for much cheaper, but this seemed too good to be true? I was thinking about getting short-term health insurance because it's incredibly cheap (like 60/month with a 2500 deductible, 20% coinsurance)---and it lasts 12 months. I figured i'd just renew or get new insurance after the 12 months is up. Something seems amiss with how much cheaper that site was compared to the marketplace prices.. Does anyone have any tips for me? I appreciate the help. Not having health insurance is pretty scary, honestly... Edit: Starting last year, my school does NOT offer student health insurance plans. RIP [link] [comments]  |
| My rent is late.. how do I make quick money? Posted: 01 Apr 2019 08:35 PM PDT Hey guys I need some advice. I didn't pay my rent yet. I'm $500 short and I recently lost my job. Do you have any advice to make $500 fast? I'm afraid of getting evicted... Thanks in advance! [link] [comments]  |
| Posted: 01 Apr 2019 08:34 PM PDT Completely new to this. I'm curious if the money is going into my Roth IRA account that I set up last year, or does it go to the money market account, and then I invest it? [link] [comments]  |
| New, large income...what do I do with it? Posted: 01 Apr 2019 08:23 PM PDT So I started making about $250,000 a year at my new job (been at it for around 9 months) and I've paid off all student loans/debt....bought a nicer/newer car.....and currently have around $50,000 in my checking account that I don't know what to do with. I don't own a house and I was considering buying one when the market is better but I don't even know how much house I should buy. My expenditures are roughly $3,500 a month + whatever I give my girlfriend (she's not financially in a good spot so I cover any surprise expenses such as new tires, or birth control etc.) I'm a relatively frugal guy. Don't want for anything...I could probably buy a house a year and rent it out for future residual income but I'm not even sure if that's the best move. I'm just genuinely curious what I should do with my money. If it helps I'm 30 years old. [link] [comments]  |
| Want to buy a car a year from now. Would this be financially feasible Posted: 01 Apr 2019 08:17 PM PDT My income per month is around $1100. My avg spending per month is around $300. That gives me $800 in savings per month. My credit is very new only 3 months history with consistent payments planned for next year. I was offered $6000 by my dad to buy next year. My price range is around $16000 for the new car and I plan to put a down payment of $5000 by next year. I want the loan to be payed off in 3 years and hopefully I get below 5% APR. At 5% APR my monthly payment comes out to $150 per month. Just asking for advice on if this is a feasible plan. I'm a freshmen at University so I don't think my income would be much higher over the next few years. Edit: oops forgot to mention the 6k was for current car. Edit 2: by new I mean new to me so used ( sorry should have clarified) [link] [comments]  |
| (US) Is my five year plan plausible? Posted: 01 Apr 2019 08:15 PM PDT So, I'm 24 and trying to move into a house of about $250k maximum back out west in the PNW (Ideally a older 2/3bd in Astoria, Oregon) before I'm 30. I just landed a job as a postal worker that seems to be working out, slow starting hours aside. Sort of seems like I just need to get $50k for a down payment plus another $10k or so to cover move costs and the downtime before I start wherever I end up...simple enough in theory, right? My timeframe's about five or six years. If I put a thou away into savings a month (theoretically doable if I can keep up a steady forty or more hours of work) I can make that happen if I never miss a beat. Currently I'm not in the best place, however - I'm recovering from an extended period of downtime following a fast food job that didn't really give me enough cash to save, so my savings account is pretty barren (just reopened with Ally). I live with my folks still, so in terms of living expenses I'm mostly just covering my own bills. I do indulge in vintage computer collecting as a hobby, however, but that's relatively spaced out. As for why not aim a bit lower, I'm not too crazy about the idea of rentals or apartments since I'm afraid I won't be able to do the renovations I wanna do and I can't stand landlords. Besides, it'd be kind of depressing to go through all this effort just for something that won't actually be mine. I'm more the solitary sort, too, so I don't really wanna do housemates if I can avoid it at all. I do have a partner, but he's tied up with school so I don't want to count on his financial circumstances as an instrument in my little attempt to get out of my folks' house. In addition, insisting on the cascades is a priority since most of my family's out that way and good GOD do I hate where I've spent the past twenty years. [link] [comments]  |
| You are subscribed to email updates from Personal Finance. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment