#house

I’m saving for a house, what should I do with my paychecks?

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I’m saving for a house, what should I do with my paychecks? I’m planning on buying a house towards the end of the year, with my paychecks I get 2 times a month should I put those into a savings account or try to put them into a stock like SPY or something to earn potential earnings? Like I mentioned earlier I’m going to be taking this money out in November/December to purchase a house. submitted by …

Reddit Personal Finance 750 2024-06-10

Moving in with sig. other financial logistics. Should I sell my house?

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Moving in with sig. other financial logistics. Should I sell my house? Hi all, My significant other and I are planning on moving in together but are having trouble figuring out what makes the most financial sense. I (32F) make $150,000+ per year, no debt other than my mortgage. Purchased my house in 3/2023 for $410,000. Estimated value now is $450,000 with the improvements I have made since moving in. I have a mor…

Reddit Personal Finance 1.0k 2024-06-10

Should I refinance my house?

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Should I refinance my house? I purchased my house last year in September. I have $213k left to payoff. Currently I have a 5/1 ARM at 7.78%. Is it worth it to refinance to a 30 year fixed now at let’s guess 6.625%? After the 5 years it could go up to a max 14%. My goal was to pay it off in the 5 years but I would rather use the money for other stuff if possible. Thanks! …

Reddit Personal Finance 1.2k 2024-06-10

Any way to keep an inherited house with low income

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Any way to keep an inherited house with low income I make like $30,000/year. I have $500 total in savings. My grandfather has been in poor health lately, and while i hope he will live a while longer, we’ve started making preparations for when he passes. One big sticking point is that he has a house worth somewhere between 2-3 million dollars. My parents don’t want it, as they already have a nice…

Reddit Personal Finance 394 2024-06-10

House Saving Strategy for a 20s couple

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House Saving Strategy for a 20s couple Hello everyone. My husband and I are in our 20s and want to save for a house. We live in CA and have Ally saving accounts and Vanguard investment accounts (Roth IRA and brokerage). What’s the best way to save for a house? A. Save in Ally ~4.30% return B. Save in Vanguard Roth IRA (limit in contributions and withdrawals but tax-free) C. Save in a…

Reddit Personal Finance 1.1k 2024-06-07

Looking into selling my house and paying off my Dads reverse mortgage and upgrading house to move in with him…

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Looking into selling my house and paying off my Dads reverse mortgage and upgrading house to move in with him… Hi and thanks in advance for any help!! I know that I need to seek professional help with this soon, but we just kind of had the idea and before I attempt to seriously pursue this I wanted to hear if this is even possible. When my Dad took out a reverse mortgage 5-6 years ago I thought that meant that you “sold” your house to the bank and then t…

Reddit Personal Finance 1.3k 2024-06-07

Buying a House in the Middle of a Divorce

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Buying a House in the Middle of a Divorce I (26/M) am currently in the Middle of a divorce from my ex (28/f). We have been seperated for about two years and have 2 dependents. She owns a home and in the divorce proceedings everything has already been divided she keeps her home and debt I keep my debt and belongings and we go to court officially this month. I am in the process of buying…

Reddit Personal Finance 859 2024-06-06

We Are the Spiders of This House

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We Are the Spiders of This House WE ARE THE SPIDERS OF THIS HOUSE SHOUTING OUR MANIFESTO AS BEST WE CAN WITHOUT VOCAL CORDS BUT ONLY YOUR CATS CAN HEAR US THEY ARE LAZY, OVERFED WE LAUGH IN THEIR WHISKERED FACES AS WE BUMP UGLIES BENEATH THE LOVESEAT THROW DOWN ON THE COFFEE TABLE – – – WE ARE THE SPIDERS OF THIS HOUSE WHEN YOU’RE ALONE IT’S SHOWTIME WE POP UP IN CORNERS PEEPIN…

McSweenys 1.1k 2024-06-06

Long-term renter: What to do with savings that I ‘might’ need to buy a house?

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Long-term renter: What to do with savings that I ‘might’ need to buy a house? Good morning, My wife and I have been renting an old farmhouse in a M/LCOL area for a very reasonable price, $750 mo. The farmer, a nice gentleman in his late 70’s, has told us that we will be free to stay without fear of being kicked out or the rent increasing for the foreseeable future. I assume this arrangement will continue but no idea for …

Reddit Personal Finance 478 2024-06-04

My Girlfriend is experiencing real FOMO about owning a house. What would you say to her about buying a house now?

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My Girlfriend is experiencing real FOMO about owning a house. What would you say to her about buying a house now? My GF has been working as a nurse for a long time now, and recently moved to a HCOL area where she’s now working a really cushy job that she loves. She’s making good money at it, is maxing out her retirement, and currently has an absolute sweetheart deal on her housing (only 500 a month). Currently we’re long distance, and eventually I’m going t…

Reddit Personal Finance 766 2024-06-04

I’m 40 and just obliterated my savings to pay off my house. What’s my next move?

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I’m 40 and just obliterated my savings to pay off my house. What’s my next move? Me – 40m, income about 80k a year depending on OT, live in a LCOL area. Been at my current job for 8.5 years and I’m hoping to retire from it in 18-19 years. I’ll probably keep working part time somewhere after retiring, in a job that’s easier on my body than my current one. Assets and finances: I own a house worth about 200k. I just (as of last…

Reddit Personal Finance 1.0k 2024-06-04

Divorcing & Selling House – What to Do With Proceeds?

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Divorcing & Selling House – What to Do With Proceeds? I’m (41M) in the process of separating from my partner (40F). Part of that is selling our house. A portion of the sale proceeds are going to clear joint debt (both lifestyle and accrued from the house rehab and sale). The remainder will be divided 50/50 and be in the low six-digit range. My personal savings and retirement accounts have been wip…

Reddit Personal Finance 983 2024-06-03