Nah. You can run the math, but I doubt it's going to make more than a $10 a month difference.

You'd run the math two ways:

1. Finance the car. Keep 15k in a brokerage account. Every month, reduce the amount in the account by the amount due for the car note. At the end of the loan maturity, whatever's left in the brokerage is your "arbitrage."

2. Pay cash for the car with money removed from your brokerage. Then, take the money that would have gone to the car payment (the same dollar amount) and put it in a brokerage account. Increase the account value by whatever the expected rate of return is.

The difference between 2 and 1 is the option cost for maintaining your liquidity (in the first example) / opportunity cost (second example).

While it's possible, it's hard to imagine such a life where you deprive yourself of everything. Need a careful balance.

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For someone your age with a long time horizon, the standard guidance is a simple, cheap, and diversified index fund portfolio. I personally use VTSAX just because I didn’t know what the hell an ETF was when I started investing and I wanted one fund to cover everything in the domestic market. VOO will work about as well, although it only has exposure to the S&P 500, so you’re omitting a bunch of small and mid cap companies from your portfolio. It’ll still track very closely, though. If you buy just one fund that matches market returns and minimizes fees, and you hold it for thirty years, you’ll have essentially maximized your risk-adjusted return in the simplest way possible.

Something to keep in mind is that you can still make the 2022 Roth IRA contribution (up to $6,000) until Tax Day, even though we’re well into 2023.

If I were you, I would in no way consider this. I would tell my spouse "Honey, we both love them; but no, this is a deal breaker for me."

The nightmares that can come of this are numerous. I just don't see the upside... Anywhere.

On the one hand, if the employer offers to pay directly to the school, even by being delinquent then OP’s credit score takes a hit.

On the other hand, if the employer offers to reimburse, and is delinquent (or doesn’t pay), then OP is left holding the bag.

What state do you live in? That also impacts the answer here. If the company is based in Idaho and you live in Idaho, there is no state or federal legal obligation to pay out any vacation time or other PTO you had accrued. Payout would be determined by company policy at that point

I believe 401k loans can be optimal when three conditions are met:

You’re not required to pay it back at once should you lose your job.

You still get your normal contributions and employer match.

You take it right before a market downturn.

I would add your monthly 401k loan repay amount to your monthly mortgage bill and compare that to your mortgage alone under PMI.

You obviously can’t time the market, but if a 401k loan will secure you a net monthly savings compared to a mortgage without a big down payment, it’s definitely an option. The maximum payback time on a 401k loan is five years, and that’s just not a significant dent in your retirement potential, and could even be a boon if the market timing happens to work out.

You are trading one investment for another, after all, stocks for equity. My house has done much better than my 401k over the last five years.

You may find these links helpful:

• Leaving a Job (resigning, quitting, fired, laid off, etc.)
• Job Loss Megathread: unemployment resources, state-specific information, and help

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Ordinarily they should prorate the first month. Basically break down a month and divide by days in the month. So if you moved in say February 14th that gives you two weeks of rent to be paid instead of an entire month. So if your monthly is 600, it would be 150 a week or 21.43 per day. I would think you should pay $850 until the end of March. Then not pay again until April 1st

It depends on where you live and what you want. Do you want land? Do you want to live on a golf course? Suburbs or city? It's less about money and more about where you want to grow as a family. For instance, we lived in a lower priced house with some land and a pond but poor schools but we planned to use private schools. We ended up moving to Appalachia to a college town where all the schools were good and got a great house in a private neighborhood. Our priority went from cost to safety.

I just realized that the score that I'm shown on Experians app and the one I'm shown on WF app that is labeled "Experian data" are not even close to being the same. Just goes to show that credit info can be interpreted very differently by different entities.

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Congrats on the new gig! Wonderful news for you & spouse!

What can you do? That's really a matter of the math and what you're willing to give up. You and your spouse need to be on the same page here, because either one of you can sink the plan. A plan has to be executable or it is done as soon as the ink on the paper is dry. Be balanced, not punitive.

If you aren't already, consider a very strict budget and understand where ever single cent in and out of your checking acct is going. Doing this will help you understand where your money is going and what choices you are willing to make. What are the expenses that can be removed, reduced? Is there an expensive car? Is there a better rental option?

Check out the wiki and prime directive content here. There is a great flowchart.

Is saving up and paying cash for the pool an option? It's not as if it is a necessity, like an HVAC system.

How much debt do you currently have, besides the house?

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First step is the emergency fund, which is done. Do you contribute to your retirement at all? Any house buying in the near future that you would need to continue saving for?

Sounds like the HELOC is the way to go. You say I would be limited to the amount of principal payments made over the last 3 years? I had a higher than normal down payment plus almost 20% appreciation (according to Zillow I know that probably way exaggerated) so there the loan balance is now probably less than half of the market value of the home

Honestly, I'm going to give you some advice that I struggle to follow myself.

Think of someone you love. And then imagine they have the EXACT financial situation as you. And they tell you they need/want something. What advice would you give them?

I've been having heart palpatations and my arm is numb, but I have such a high copay. Would you tell them, "Yeah, it's probably OK to put off seeing a doc and see if it just goes away on its own"?

I literally have not bought new clothing for myself in 3 years, and my pants are becoming threadbare. Would you tell them, "Yeah, you really don't deserve new pants until you have another $2,000 in savings"?

See what I am saying? Thinking of a loved one helps you love and respect yourself a little more. And trust yourself. You know you wouldn't steer your loved one wrong. Why are you doing it to yourself?

You kinda lost me at

>divest the account as needed to cover the note.

Do you have no income? Index funds are not for short-term investments. You the put money in there and leave it in there. And you pay the car payments with your income.