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Just finished paying off large home repair loan, now what? Just save?

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Just finished paying off large home repair loan, now what? Just save? I’m 36 and never been able to save large amounts of money like this before because there’s ALWAYS some kind of emergency. I just finished paying off a $12,000 home repair loan and it took 3 years. I take home $2,100 a month after taxes and can put away $800 a month to possibly even $1,000 a month after bills, mortgage, gas for the car and utilit…

Reddit Personal Finance 930 2024-07-07

Just sold my home – looking for guidance on how I should manage the money

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Just sold my home – looking for guidance on how I should manage the money My net proceeds are about $54k and I have $16k that just sits in my regular savings account. I have a private student loan with a roughly $19k balance and my car loan has roughly $16k left. Our combined household income is about $190k. I’m not buying a new home as I’ve moved in with my fiancé so I’m trying to figure out how to manage this money …

Reddit Personal Finance 748 2024-07-06

Home Maintenance costs scenario

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Home Maintenance costs scenario I’m hoping to buy a home when the math makes sense. I’m in no hurry, but as I check in on the housing market from time to time I see the 1-5% of the homes value for maintenance costs, and I wonder if that would even be enough for me. I have ZERO interest in DIY projects, and would even want to pay someone to maintain my lawn etc. If I paid for a…

Reddit Personal Finance 967 2024-07-04

HELOC in my name?? Never owned a home

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HELOC in my name?? Never owned a home I was recently signing up for rocket money to check my credit score when it gave me a questionnaire to see if it’s actually me. Everything on it related to me except for one saying I had a HELOC opened in my name around April 2022. I wouldn’t have been 18 until later that year and to this day I don’t have a mortgage or even a rental agreement in…

Reddit Personal Finance 1.3k 2024-07-04

How can I get to a 20% down payment for a home before selling my current home?

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How can I get to a 20% down payment for a home before selling my current home? I’m looking to buy a home soon but am wondering about the best way to obtain the cash to put down a 20% down payment on the home. With the market being so hot, I do not want to have to make a contingent offer. I also don’t want to put down less than 20% and have to pay PMI. After my current house sells, I expect to be able to fully pay back the …

Reddit Personal Finance 1.3k 2024-07-02

Should we rent or sell home?

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Should we rent or sell home? Looking for opinions on if we should rent out our current home or sell it? We are moving three states away for a job relocation. We are renting as we aren’t positive how long we will be there (3-5 years hopefully). Rent at the new place is $2700. Our old home was purchased at 264k on a 15 year loan at 2.625%. Currently have a little less than 11…

Reddit Personal Finance 650 2024-06-30

LPT If your partner drove to their night out and had a few more drinks than expected. If you are able, dont make them rideshare home. Ride share to them and drive their car home.

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LPT If your partner drove to their night out and had a few more drinks than expected. If you are able, dont make them rideshare home. Ride share to them and drive their car home. Save all the trouble the next day having to both go and pick up their car. Plus if it’s your girlfriend who is out you make sure she gets home safely. Win win. submitted by /u/truelygrant

Life Pro Tips 376 2024-06-28

Pay off home loan and vehicle or choose between

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Pay off home loan and vehicle or choose between Hello, short and sweet, I have a home loan from last year that is approx 105,000 dollars and a truck loan that is 16500 dollars. These loans are at 8.3 and 5.3 percent interest. Next year I will have around 120k in a CD account that is at 4.8 percent interest. What should I do to maximize my future savings ? I was thinking about just paying the …

Reddit Personal Finance 998 2024-06-28

Financing home improvements

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Financing home improvements So I bought a home more than 3 years ago now and I’m needing to update my Plumbing because it’s failing. I’ve already been replacing some faulty pipes and flooring. Yesterday my water pump completely quit. I’m wondering if it’s time to do a HELOC? Living in Alaska I have a holding tank for my water and it’s buried underground. I’m not sure if th…

Reddit Personal Finance 1.1k 2024-06-27