That's how installment loans work.

The first payment you make is mostly interest and a little principal. Then every month you chip away at the principal and the amount of interest paid goes down. This goes until the last payment when it's almost entirely principal.

Mortgage is $1960 a month with taxes rolled in

Good plan. I would not recommend a line of credit for emergencies. Just compounds the problems.

Yes. Stop savings and attack the car debt. Pay other debts too if you have them.

Once the debts are gone, Crank up retirement savings to 15% of gross income plus any matching at work.

> $deposit * 0.0483 / 365 * 180 = $interest.

Rookie # 2 here. I'm sorry but could you kindly explain the math another way? The asterisks and the $ sign in front of interest have me confused. I do understand that for example if the investment was $100 and the yield was annualized at 4.83% and the investment was for 6 months that you would not be getting $4.83 at the end of 6 months but rather $2.415 but I don't understand what is being multiplied and divided in the example above.

My math skills (understanding) are from " The Little House on the Prairie"

So yeah, your insurance rate is reasonable and you likely won’t find anything cheaper in the near future. If you keep a clean driving record for the next year, you can contact your agent again to see if they would reduce the rate then.

What’s your mortgage payment and APR?

The lending specialist I spoke with recommended in no uncertain terms that we go with the option where she's the only one on the mortgage. He also said there would be no problem with approval for just her and he is aware of when our wedding is

It’s about 3.5x income, is that a lot? What would you recommend we save up to?

1. Don't know
2. Settlement date
3. If buying at auction, you need to place the order prior to auction and after the announcement. The settlement will be a few days after the auction. This has some good info. Look at upcoming auctions. https://www.treasurydirect.gov/auctions/upcoming/
4. Focus on the 13. AKA 3 month T Bill. Buy this one next week. The announcement will be on Thursday. Then in 4 weeks, repeat the process. Then in 4 weeks repeat. Now you have a 3 month T Bill Ladder.
5. ​
   1. While you can sell them at any time in the secondar market, you are then subject to interest rate risk, so you will not make as much as you originally planned.
   2. Interest is State Income tax free. If you sell early though, the cap gains will not be.

3.4%. Minimum $800 saved, but usually $1000. Currently paying $466 a month on the loan just with the payments that are set up

I'd plus up the emergency fund a bit more considering how large your mortgage is relative to your incomes.

Discuss with your banker both options. If they want your mortgage, they will show you the best route.

You might run into a problem where underwriters know you are getting married in 6 months. Since they are underwriting based on your future ability to pay, they may not be willing to write a 30 mortgage based on her numbers alone. Especially if she is on the edge with credit and DTI.

I'm 25 in VA, I've had accidents and tickets before but right now I have nothing that shows up on my driving record and I have +5, progressive wanted 550 for the same deal I'm getting with geico.

The person on mortgage is the one at risk if there are problems, payments get skipped, and mortgage goes into default. For that reason, names on mortgage and deed should match.

It may be possible to do a prenup or other contract to protect her if she’s on mortgage and you are both on deed. I‘m not a lawyer.

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Thank you for this info, single handedly the best advice I have received on this post.

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I'm seconding the answer provided by u/Agile-Television-462

Here is a link to the actual bet:

https://longbets.org/362/

Warren Buffett posted the challenge on the Long Bets site and it was accepted by Protege Partners.

Vehicle insurance is required by law, that’s why the majority of policies exist. If a vendor is allowed to unilaterally decide after the fact that insurance is not valid on claims, then the policies being sold do not qualify as road coverage. Vendors need to guarantee vehicles under their policies or their capacity to act as underwriter/agents should be stripped.

The case above is one of a vendor attempting to disallow coverage and leave OP holding bad debt. This type of chicanery should not be allowed at all.

I think I'll wait before going that far. The guy is a friend of my girlfriend's, so I'm not trying to cause ill will without justification.

I'll talk to my insurance company more about this and see what the other company comes back with

Edit: I don't think I could sue even if I wanted to. I'm in PA with a limited tort policy

Honestly if you’re less than 25yo, that number would be reasonable/considered average. Have you been in any accidents ever (while you were driving)? Any speeding tickets? That would drive your rate up as well.

Not enough info. What’s the apr rate on your auto loan? How much are you currently saving monthly?

Get a lawyer also for what serene said

Depending on state as well

No corruption here, insurance is a contract if you lie on it not anyones fault but your own.