The 282k house looks to be manageable payments albeit on the high end of what you can comfortably live with. You say it’s a dream house for you so I think you should go for it. The best time to buy is when you really want to. Like you should know it’s worth it due to quality of life improvements.

Take a screenshot of the message that says it.

You are paying 3100 a month in child care. Once school starts (as in the kids are old enough) you are going to get a 3100 a month raise for 9 months out of the year. I’m assuming you’ll need summer camp which is still expensive. I personally wouldn’t throw away a job I like when pinching pennys for a temporary expense (which child care is a 5 year per child temporary expense). Fwiw, we have similar incomes, and once daycare goes poof, you get a lot more breathing room in the budget.

This is bad. Did she say that it is a dept conversion or was the denied loan a new one? At least the credit card shall be converted to sth with lower interest.

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Everything for rent is either for college students, in a rough neighborhood, or $1700 for a 1300 sqft house. If I'm gonna pay $1700/mo for a 1300sqft house, I'd rather just buy the 2500 sqft one for $300/mo more.

She’s gone to her credit union and was denied a loan. I don’t know if there’s other comparable options

The aforementioned index ETFs are generally considered rlow-risk investments relative to other ETFs and stocks.

That being said, investment returns are usually dependent on the level of risk involved. The rate of return is directly proportional to the level of risk

Got it, thank you!

Hey just fyi this probably isn’t enough information for most people here. For me, if your husband is also working and you guys can pay all of your bills and you have already contributed to your tax-advantaged retirement accounts, go do it.

Well then buy the house and refinance later. Silly to rent when you paying someone else's mortgage.

Rent

The S&P is a basket of U.S shares it includes companies like Apple/Microsoft/Amazon and hundreds of other shares.

You are essentially buying just over 500 shares in the American stock market and its a great place to start investing, when some companies are struggling the others help balance it out. I D.C.A (dollar cost average) into it every week. I would recommend doing that.

Yes! This is exactly what I'm looking for, set it and forget it! Thank you!!

I would move out but find somewhere cheaper to move to.

Me too. Best of luck to you!

I'm in the very middle of the US and I'm in my mid-30's. I started a savings account that my part time job check goes into. Gross base pay per month is $500. I'm using a lot of that to help my husband pay off his debt, but want to put at least $50 into a retirement or investment account. I plan to also use some of that to put into a HYSA for emergencies. The $50 was decided on because I easily blow that amount on stuff I don't need every month and would rather put it to good use.

> How are your taxes so low?!?!

Just back of the envelope MFJ math, $125k of taxable income and assuming the standard deduction of $26k, OP's federal tax ought to be about $13k, so a bit higher than they withheld.

They're benefiting from the married filing jointly status, which is basically double the single status, and one of the two of the couple earns almost nothing.

Problem is, I'm 34yo, my daughter and mother get in fights, then I get pulled into the fights, and chronically single because I've been at my parents for >7 years. If I keep "One more yearing it" all my youth will be gone before I leave my parents again.

Thank you! Anyone in particular?

I am employed on a PRN/part time basis due to disability. I want to save this money for "retirement." I do also have a goal of working on a down payment for a house, but the retirement is my first goal. With that said, can you advise me on both goals?

Appreciate it! This really is inspiring that I can hold on to. Thank you.

Does it have to be full time employment? I think it will be for retirement.

The person is referring to ETFs. They’re essentially securities whose price depends on the assets they contain (more or less a collection of investments)

Since this is all pretty new to me, a lot about your comment is confusing me. I am mid-30's, no children, no possibility of children and have a Master's degree, so no plans to further my education. Most of my money in my early part of my career went to help support my disabled parent.