My Wife and I are considering divorce to afford her student loan payment. What other option are there? My Wife and I are considering divorce to afford her student loan payment. What other option are there? Since we are married they want $780 / mo for the next 10 years. She used to pay like $150. This is totally unreasonable and unaffordable. How can we lower this? If we cant come up with any other option we will need to get divorced (on paper). A…

Wife and I are newly married, and have no idea what we can afford as a second drivable car based on our income and savings. Sorry in advance for the long post. I’m kind of verbose at times. There will be a TLDR at the bottom, but for those curious about details, carry on! Anyway, my wife (F23) and I (M23) just got married on June 24th, and neither of us brought much to the marriage financially. Our complete finances are roughly as follows: Me Checking: 2250 Her Check…

My dad can’t afford his current lifestyle and has borrowed an extensive amount of money from family. He has dementia and I do not know how to best help him. My dad (age 64) has not managed his money well and has not saved up at all for retirement. I live out of state (attending university and going to med school next year) and am his only child. He recently had his disability approved and has been receiving social security. Currently, he’s getting $1611 in social security. $284 is taken out because…

Cannot afford to drive gifted car My parents gifted me a car, with no strings attached. I’m really grateful for their gift, but am wondering how on earth i am going to afford driving. I graduated university last year, and have been working for about 1 year. My monthly income after tax and the 401k equivalent is about $2,800. Usually i budget about $800 for my monthly spending, a…

can’t afford dental work, please help I don’t know what to do and this stress is only making shit worse. I was quoted almost 2 grand for a root canal on my back molar, which they generously brought down to 700 bucks. they also found 3 other cavities in my mouth. I had a severe depressive episode a few years ago that i’m certain is the cause of this. the pain is only getting worse an…

Can I afford this car? So I’m looking at a car with a MSRP of $26,998 brand new. I have excellent credit. I assume that there’s taxes and other fees I need to pay. I have $6,000 in cash currently set aside for this vehicle. I make ~$67,000 per year. I’ve lived without driving for a few years. So I don’t have car insurance and idk how much that is going to cost me. I’m…

Can i afford this home? Hey personal finance folks, I would like your opinion on whether I can afford a new home. Current total compensation – 170K. Base salary – 120K. Total debt: Student loans – 30K. Paying 600$ a month. Car loan – 18K. Paying 300$ a month. Credit cards – 1.5K. Rent – 1.8K. Emergency fund savings – 20K. Cash saved for down payment of the house – 80K….

New(er) cars, how can one afford them? US My girl and I drive 06 cars. Lately I been wanting something newer, more comfortable for road trips. We both have 6 figure jobs, invest a lot back into our 401k’s. I look at car prices and wonder how so many people can justify and pay for them. I just cant get myself to do it. What am I doing wrong or am I doing it right? We both have credit sco…

Can my family afford this house? My family currently lives in San Jose, CA, USA. We are moving to Midway City, CA, USA in September 2023 because my brother bought a house there. The house is 3 bedrooms, 2 bathrooms. My brother bought the house for $930k, with a down payment of $465k, and he took out a mortgage of $465k to pay for the house. The interest rate of the mortgage is …

Lost my job and cant afford my Car Lease Long short story with out getting into details. I lost my job and my side business all at once loosing both my month to month salary and my savings (30k) Now I am in a position for the last 2 months where I found a new job and got an extra part time job to recover, my monthly expenses went from high 5k to about $3500 now I need to give up on my …

I own a house with my disabled sibling, I moved away and my other family is pushing for them to buy me out, but my sibling can’t afford the mortgage without me Last year I bought a house with my disabled sibling and their partner (who were living together for a few years prior), they needed the housing stability and had found their dream property and I wanted to live with them, had no debt and make ~80k a year and had more then enough for the down payment so could afford it, while I lived there they we…

How much car can I afford? 25 years old. 90k salary. 75% of my net monthly salary goes towards living expenses with ~$1400 left over. Currently have ~$17k in savings. I’m carless and rely on public transportation or Uber to get to work but living in Texas the heat has gotten way too brutal for me to keep doing that so I’m looking at my options for buying a car. I’m also a…

I can finally afford travel. Where to begin ? I recognize traveling does not have to be an expensive hobby but I was not raised in a household where travel was prioritized. Up until my mid-20s I worked endlessly to finally make it to a salaried corporate job. Study abroad or summer trips were really only a fantasy for me. Once I got here, almost all of my vacation days in my corporate life…

Can I afford this house? I’m going to give you real numbers so we’re not dealing in abstracts. Thanks in advance to anyone who reads this through and gives a thoughtful response. I recently accepted a government job in a large city in the Southwest. My starting salary will be $77,500 but will increase by about 10% after one year and 4% from year to year after that. Insu…

Can no longer afford to make payments, how severe are the consequences if I stop making payments for two months? EDIT: Should clarify I’m only talking about stopping my credit payments, I’m still paying my mortgage. I’ve needed to sell my home and move into my parents old house for two years now because I can no longer afford my lifestyle due to credit card debt I’ve racked up due to significant others disability, my own health care bills and generally mak…

My brother is thinking of selling his house, but i know i don’t have income to afford it what are my options? As the title say my brother is selling his house (no appraisal yet, but last time it was around 300k.) I make roughly 30k a year (I work as a manager for a middling retail company.) I live with our mother (rent free, as I also act as her personal driver.) My credit score is excellent at 768. I have 401k, IRA, and at least 10k in an HYSA. (mainly…

Wife may need to go part-time. I need to figure out if we can afford it Title says it all. Wife and I had our first child about four months ago. With both of us working from home we thought we could balance taking care of the baby and work, but with my wife’s maternity leave running out and me potentially returning to the office part-time she is having (reasonable) doubts about this. I am an extremely anxious person…

Can we really afford a house? throwaway because I’m too scared to post on main. I am 26M, married to 26F recently, and looking for a house has been quite a shit show. I work on site, she works from home mostly but goes in 1-2 times a week. We have been visiting some houses but I really don’t understand who is buying them. Everything is old, needing complete remodel including…

What is the smartest stupid way to pay for a once in a lifetime opportunity I can’t otherwise afford ? I need to supplement my meager savings for a trip in a few months , I have very good credit and no other debt. Is there a “less-stupid” way to borrow this money? submitted by /u/REmarkABL

Is it inevitable that my in-laws will be unable to afford to live at some point? My FIL and MIL are in a difficult situation financially and I want to know if anyone else has had a similar experience or if anyone can help me forecast what the future holds for them. My MIL is 59, FIL is 64. This is Texas, btw, in a MCOL area. MIL hasn’t worked since she was a teenager so I’m pretty sure she didn’t pay into Social Security eno…