Drivers Are Cutting More Out Of Life To Afford Cars Doesn’t it seem like everything costs too much? Wages have been stagnant longer than many of us have been alive, despite us all working more — and doing more while at work — than ever. Rents have been skyrocketing for fifty years, gas prices seem permanently inflated, and car payments are creeping ever upwards. Read more…

Can I comfortably afford this home and should we sell our low interest rate home? We are outgrowing our home very soon and also need to move closer to family for a better support structure as we have children. I currently own some land that I walked into with equity since I bought it under market. Estimated to be worth $100,000, my cost is $80,000. I own this land outright. We plan on building on this property with a fixed co…

Want a sanity check on if I can afford this house. Afraid of being house poor Want a sanity check on if I can afford this house The house itself is 345k My take home every month (post tax) is 5.3k give or take a a hundred. No debt. Have 180k saved (planning on putting 120k on the down payment) is that too much? The reason I’m doing that is to get the mortgage payment as low possible. Or I could spend less on the down p…

Can I afford mortgage, really? I’m 39 single and I’ve been holding my breath in the process of buying a house. I would rather live in an apartment/condo than a house, as long as I don’t have to deal with exterior maintenance. By the way, I live in New York and currently pay $1600 in rent. I am a bellman who make $2500 after taxed per month + $300-500 tips. I have no debt what…

My mothers husband thinks he can afford a home because of life insurance compensation My mothers husband is pathetically annoying at every family gathering because he think he is better because he owns a 700 credit score and 4 credit cards and hes going to afford a house with my mother because when he dies the insurance will be enough for my mother to afford which i think he is wrong but how correct is he ? could a minimum wage p…

Can I afford a mortgage payment that is half of my monthly income? So I feel kinda dumb for posting this since I will be closing on my first house next month anyway but I am starting to feel a little nervous about it. I live in Houston and I make $75k/year. So realistically I bring in $2000 every 2 weeks after taxes and everything. I got my house for $220k and put a down payment of 3% so my monthly mortgage w…

Can I afford to move out? my pay is $5000 every month, 1000 is auto deducted into a retirement account so my take home is 4000. i live in a HCOL costal city and want to move into a studio that has an average cost of $1700 monthly rent where i want to live. additionally, i have a long term goal of buying a studio condo, but moving out and paying rent means i will save sig…

LPT: “Worry is the misuse of imagination.” If you suffer from anxious thoughts but can’t afford therapy, you might be able to treat yourself by focusing your imagination on more positive possibilities. I read the quote “worry is the misuse of imagination” sometime last year. Ever since, whenever I’m anxious or worried about something, I intentionally redirect my imagination to the most positive thing I can think of instead of allowing my thoughts to spiral around the most negative things. Over time, it has become easier to snap out of those an…

Can I afford a place in Orange County with my salary? More info, I’m 30 making $100k. I’ve lived at home my whole life and would like to buy a condo/townhouse. Prices here are $600-700k for what I’m looking for. I have about 200k for a down payment. HOAs here are ridiculous, looking at $350-400 a month. Plus property tax and all the other expenses are making it tight. I would ideally like a 1 bedro…

Worst case scenario if you can’t afford your home anymore? If I bought a house which dropped in value and I can no longer afford the payments, what are the ramifications? Say I bought and overpaid for a house for $1.2M and now the house is worth $900k. Does the bank take back the house and come after me for the remaining $300k from my other assets? submitted by /u/starterupperdowner

I wouldn’t co-sign on a car loan with my boyfriend, now I’m not sure he can afford the payment he accepted. I’m posting this in both communities because I feel each could maybe give me some advice, if it’s the wrong community please let me know and I’ll delete it. Me and my boyfriend have been together for five years. We live together and split our “together” bills, so rent (450), electric (about 200ish). I pay my own car payment (230), insurance (14…

Millennials And Gen Z Can’t Afford Their Auto Loans, And It’s Only Getting Worse It’ll come as a surprise to no one, but Gen Z and Millennial car buyers are falling really far behind on their car payments. In fact, it’s happening at rates we haven’t seen since the financial crisis of 2008 and 2009, according to Automotive News. The problem is only going to get worse, too. Remember, young folks… Read more…

My old car is a money guzzler and I cant afford a new or used car Update: thank you all for the answers i do appreciate. I know im definitely the problem here and I have to sacrifice some things to get things taken care of My car is the only reason I have to ever overspend or take out loans to get something fixed. I drive an Acura TL that has 290,000 miles on it and needs SO many repairs. Costly repairs. Torn …

What car can we afford? We have a pretty complicated financial situation but I want to give as much details as possible, because it’s hard for me to make heads or tails of things: Income: My wife’s is a w2 employee. Her monthly take home: $3200/month I am a freelancer and my monthly take home varies wildly. Last month after taxes and retirement savings I made $13k. The…

Can I actually afford this car payment? I’ll be turning 29 soon and feel like I need to be more serious about my finances in preparation for home ownership. I have had a car payment for the last 8 months or so and I go back and forth between wanting to keep it since it is a new and reliable vehicle and wanting to sell it to minimize my financial footprint and have extra peace of mind….

LPT: If you can afford it, avoid carpooling when hanging out with friends If you’re an introvert like me who has a social battery that depletes very early in the night, driving yourself does wonders! You get the final say in when you get to go home and you won’t feel like a party pooper who has to veer everyone off their plans just to drive you back home! Also if something happens i.e. family situation, you can just …