New bank account at a new bank; if you open a new account at your current bank or just remove your parents, they'll probably get themselves out back on without your knowledge.

I rented in Boston many years ago (actually forgot that in my above post....so 4 complexes in 3 different states) and didn't pay last months rent upfront....

Thank you for your input.

If you put asterisks (*) on either side of a word it shows up in italics

> it only has 38k miles on it. I drive less than 2k a year
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>Would you suggest just taking on the $400-600 monthly payment of a new vehicle or stick with what I have?

I would suggest keeping the car you have.

> It would cost $900 to repair at the dealership.

Unless the car is under warranty, and you're going in for a covered repair, you don't take it to the dealership if you can avoid it.

Anyway, everything you have mentioned here is relatively inexpensive to fix, and tires are a "wear item" that you'll eventually have to replace on ANY car.

I would keep driving it until you have an ACTUAL problem with it, like the engine issue that you mentioned. The car shaking when you go over 80mph is likely because you need an alignment, which again, is something you'll need to do periodically on any car.

They need to work on building their own financing, maybe you can help them down that path. If they have no nest egg in their 50s, then they will be leaning heavily on you in their older years.

As a pretty fierce independent, I would want a separate account for financial reasons as well as for privacy. You are surely entitled to cut them off/out at this point.

I wouldn't recommend homeownership if you don't like your job and are thinking about moving countries. It doesn't seem like you are ready to settle down and deal with the responsibilities of being a homeowner.

Ultimately it sounds like you need to figure out the work and personal situation before buying a house.

Thank you

Thank you

Thank you

If they take money, then you need to keep the money out of reach (another account). Further, you have no business being on their mobile plan; get your own.

I wouldn't consider a new construction a reason for it not to need fixes. If you get a fresh lemon, it's still a lemon. I think this is an option for you, but might result in it being your main financial commitment for a long time. If interest rates keep going up there's a decent chance you go underwater while still being unable to move for a better deal.

Or it might work out great.

No issue with doing it, I do it all the time. One piece of advice though. Always, always, always, do a test transaction first before working with any bank of any kind. I always initiate a $100 transfer, wait till it clears, make sure there's no issue and then, and only then, do I xfer the full amount and only do it FROM Marcus back to your origin account. This prevents any potential issue especially with incorrectly entered account numbers. It's no big deal to unravel a screwed-up $100 transfer, notsomuch a $40,000 one!

I've had the best luck with Marcus and Ally so you should have no issues. Quick transfers too.

Usually 78% LTV

I was paying $26 a month in PMI. It's often a very modest amount, if you have decent credit score and didn't buy a high priced house

It’s happened to me before and was a lesson learned. My dad opened my account back in high school and shared access. His identity was stolen a decade later and identity thieves were able to get some money out of my account. It wasn’t cash withdrawn at a bank, everything was done online.

Don’t underestimate identity thieves, they take money from anyone, rich or poor.

Open a 2nd account. Leave the parent account open. Tell her you having money trouble. If she overdrafts it once, close it and use that as the excuse. Never your fault and keeps the majority of your money protected.

When I take the numbers you've listed above, and add in your annual expenses (spread out over 12 months), I'm getting a total monthly expense of $4696. So most months, it's going to be close. I realize that in your budget, you're considering checks 25 & 26 as extra paychecks in 2 of the months. And you also have your annual bonus that's not in here. But I'm also not sure that you've included all expenses. Cell phone? No number for home maintenance/repair? Clothes? Your budget also doesn't have any line item for savings/vacations/etc. So if we're working off of a regular net income of $5k, you'll probably be right up to the edge of it most months.

It feels like it's going to be really tight most every month, and you'll be reliant on those 2 checks and the bonus to buy back breathing room. So you'll likely run at a slight loss many months, and you'll need those checks to balance it all back out. And what happens when you need to replace a car?

Social Security benefits Medicaid benefits Medicare benefits Unemployment benefits Annuities Bonds Incomes by career, education-level, HCOL vs LCOL areas Resumes & Resume building Product warranties Insurance types Rent vs Own Home ownership Being “under-water” on assets

bro if the phone plans you can get all unlimited without contract for like 30

>Dave Ramsey says to pay the smallest debt first, but my $16,000 loan has an 18% interest rate, my student loan only has a 5% interest rate

Dave Ramsey is good for people that are clueless, have poor self-motivation, and need some direction. He says that so they can see progress, and because they are usually bad at math (otherwise they wouldn't be in dire straights and needing his guidance to begin with)

Paying a 5% loan down before an 18% loan is financial suicide

Pay the student loan down ASAP. As much as you can possibly afford every month

Normally it wouldn’t make a ton of difference but the 16k loan is triple the rate. Please pay that first, and fast.

This can’t be upvoted enough. Don’t withdraw 401k funds so you don’t have to pay PMI. PMI can get removed once you hit the 75% LTV mark and it’s not permanent.

Edit: assuming conventional loan and not FHA

When you get your first job you should get your own bank account. For many people, this when they are a teenager.

It’s sensible to keep an account shared with your parents in addition for a few years after high school as it’s a convenient way for parents to transfer money to their children in college or living away from home for the first time.

In your case, you should already have your own bank account and use that primarily. If you want a shared savings account that you can move money into to gift to your parents, where they can transfer money into their own accounts, that’s fine. However, you should not be giving them access to your personal bank accounts. Doing so grants them control of all your money, and you could see them drain the account for a reason they think is good, but you would not concur. You need to have the extra step in place where you move money from your personal account (only accessible by you), to the joint account.

I’d also say that you want to be very careful with your generosity. Your parents are in a uniquely good position to take advantage of your kindness.

Closing on a home usually takes around 30-45 days from the time your offer is accepted to when you get keys to your new home. If you want to have keys to your new home a week or two before your lease is up, then you'd need to have an offer accepted no later than early May.

If you are seriously thinking about buying a home, I'd go get pre-approved, talk to some agents, and start looking at houses within the next few weeks.