#afford

How to afford a house (… and other goals)?

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How to afford a house (… and other goals)? Situation: 26M. I make $82k/year as an electrical engineer with a bachelor’s degree. ~$26k in total savings and able to save ~$1500 each month on average with remaining paycheck. I have about $31k in my 401k in which I’m contributing 15% per paycheck plus an ~8% employer match. Rent is $700 thanks to sharing a townhouse with two friends. Not muc…

Reddit Personal Finance 762 2024-07-26

How do I get rid of a vehicle I can’t afford anymore.

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How do I get rid of a vehicle I can’t afford anymore. I bought a Tacoma for work because I let my father in law talk me into it. I was able to easily afford the monthly payments but the job I was at went under. Now I work from home but for $5 less an hour. I owe 35k on this stupid thing but I can only get 22.5k at the dealership or maybe 30k if I private sell. The issue is I don’t qualify for the l…

Reddit Personal Finance 831 2024-07-23

Approved but can we really afford this house?

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Approved but can we really afford this house? Our gross income is around $200k. The house is $625k we are putting 20% down and mortgaging $500k. With taxes and interest rate our monthly will be around $4700. Our monthly take home is around $9500. We have about $2500 of monthly bills (including groceries), subscriptions, student loans etc that we can not reduce further. We are putting 12% ea…

Reddit Personal Finance 919 2024-07-21

My 34 year old sister passed away, my mom cosigned an auto loan she can’t afford, and I’m footing the bill of a car I don’t know if I should keep. What would you do?

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My 34 year old sister passed away, my mom cosigned an auto loan she can’t afford, and I’m footing the bill of a car I don’t know if I should keep. What would you do? My sister unexpectedly passed away November 2023 at the age of 34. At the time of her death, she had no life insurance or savings and an auto loan of about $10,000 USD for a 2016 Ford Fusion, which our mom is a cosigner. My mom was not in the financial position to afford any of the cost of my sisters final expenses (cost to transport her body b…

Reddit Personal Finance 828 2024-07-18

How can we ever afford a larger house if it’s always a moving target?

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How can we ever afford a larger house if it’s always a moving target? Do we need to lower our retirement contributions or something? We have a starter house and want to move to a larger house but feels like every year houses increases more than what we saved or it cancels it out. Do we take the risk with a higher interest rate? or lower our retirement contributions (we have sufficient for our age already)? How do …

Reddit Personal Finance 1.0k 2024-07-13

If I can afford to, is it worth splashing out on Premium Economy for a very long flight?

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If I can afford to, is it worth splashing out on Premium Economy for a very long flight? I’m planning to visit the UK from Melbourne, Australia, but I’m a pretty inexperienced traveller, and certainly never done a flight anywhere near that long. I’m considering going with Singapore Airlines, because I’ve flown with them before, and even their regular economy experience was very good by economy standards. Difference would be about AU…

Reddit Travel 1.2k 2024-07-13

Maxed out federal student loans ($57k), one year of college left and I can’t afford to attend

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Maxed out federal student loans ($57k), one year of college left and I can’t afford to attend I unfortunately learned the hard way about student loan borrowing limits. I owe my university $5k if I want to attend this upcoming semester. I have a job where i’m making slightly over $60k, but I live in a HCOL area, so my money goes to my apartment ($1.5k), car ($289), regular bills, and paying off CC debt. I tried to take out a private loan…

Reddit Personal Finance 711 2024-07-10

Laporta: Barça can afford Nico Williams deal

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Laporta: Barça can afford Nico Williams deal Barcelona president Joan Laporta claims the club have the money to sign winger Nico Williams, who has been one of the revelations of Euro 2024.

ESPN 794 2024-07-08

Recommendations for a friend who can’t afford her car; can’t afford to be without one.

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Recommendations for a friend who can’t afford her car; can’t afford to be without one. Seeking Recommendations My friend bought a used Hyundai Equis then began experiencing issues with it. Fast forward since the purchase and we arrive at the Kia car theft scandal so insurance skyrocketed and it seems there is a recurring problem with the car at every season. Still owes almost 12K, credit isn’t the best although I am helping with …

Reddit Personal Finance 811 2024-07-08

What car can I afford comfortably?

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What car can I afford comfortably? I’m a 23/M netting $4400 monthly in Houston Texas (I invest $325 in Roth 401k) I have no debt and am scared to take a car loan out. Just need something reliable for short commutes…..(not really a car guy) My housing is somewhere around $1600 (single apartment and includes utilities and Cable and spend )$300-$350 in groceries. I currently am ca…

Reddit Personal Finance 444 2024-07-04

Can anyone explain to me in a perfect world how much things would cost that I could buy a house and afford everything else?

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Can anyone explain to me in a perfect world how much things would cost that I could buy a house and afford everything else? UPDATE: Someone just told me this subreddit is for the US. Thank you American friends, I will take my queries to the Canadian subreddit. I tried to cover all aspects of the scenario. I mean I know I can’t afford it but I’m hoping someone could break it down for me. I make $70,000 per year gross. Let’s assume that I will never have more money t…

Reddit Personal Finance 423 2024-07-03

How much can I afford to spend on a car?

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How much can I afford to spend on a car? New college graduate that recently started work with a base salary of 65k. I have about 17k in my savings account and will be living at home with basically no expenses for the next ~10 months. My credit score is 784 and I have no debt. My current car that I bought used turned out to be a bit of a lemon and has left me stranded on the side of th…

Reddit Personal Finance 738 2024-07-01

I can’t afford rent and i don’t know what to do

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I can’t afford rent and i don’t know what to do I can’t afford rent and i’ve exhausted all my options. I told my landlord i can’t afford rent and don’t know when i’ll be able to get the money and he gave me until the end of the month. The date is getting closer and i’m panicking. I’ve tried to get a loan but i have bad credit and it’s practically impossible. I don’t have anyone i can ask for …

Reddit Personal Finance 790 2024-06-26

(NY) I bought a home 1 year ago, made a lot of mistakes, and may no longer be able to afford it, should I sell? What should I do?

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(NY) I bought a home 1 year ago, made a lot of mistakes, and may no longer be able to afford it, should I sell? What should I do? I bought a home for $160K last year, using all of my savings in order to do so. Currently I still owe $155K. It could be worth $170K with some work done, potentially. It needs work done, which might cost me another $5000, just to get it to a sellable condition. I’ve made a lot of poor decisions, I admit. I landed a job making $105K annually, an…

Reddit Personal Finance 449 2024-06-24

Redbox missed a multimillion-dollar payment it couldn’t afford to miss

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Redbox missed a multimillion-dollar payment it couldn’t afford to miss Photo by Smith Collection / Gado / Getty ImagesRedbox’s financial situation continues to spiral out of its control. On Thursday, a Los Angeles court entered a $16.7 million judgment against the company in favor of NBCUniversal, after Redbox failed to pay a scheduled installment of a settlement the parties reached earlier in May. The missed payme…

The Verge 1.1k 2024-06-22

Can we afford this mortgage?

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Can we afford this mortgage? My spouse and I make a combined $165K a year. Currently our mortgage balance is around $240K at 3%, monthly payment with escrow and everything is around $1450. The house is worth around $340-$360K. No debts other than our car. We share one car (as we both work from home), which is a lease, at $500/mo. $80K in HYSA. $10K in checking. We are looki…

Reddit Personal Finance 502 2024-06-18

Can we afford this mortgage on one income?

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Can we afford this mortgage on one income? Buying a house for 255k 0% down. Never bought a house before so this is all very new to us. The realtor is saying we will get 3-6% in concessions and that the mortgage will be around 2500. The interest rate is 6.9, but she says we can buy down the rate, which could lower the mortgage even more. We have a 525.00 truck payment, other vehicle is pa…

Reddit Personal Finance 912 2024-06-17