As for how much to save:
20% down = 70,000
closing/moving/retainer/house prep costs = 10,000
6 month efund (let’s say base expenses of 5,000…just guessing, and adding in possible additional expense after mortgage, and debt min payments) = 30,000
minus $40,000 savings = $70k additional to savings…min
* the above calculation…[Read more]
Alice Myers started the topic Landlord and dreams of becoming maybe entrepreneur in the forum Share Your Success! 2 months, 1 week ago
This is my success story. I live in Finland(Europe) which has very high tax as disadvantage, but as advantage if you study or become temporary unemployed you also get a bit economical support from the government.
Brief History of me:
1. At 18 years age I started already saving seriously(not small sums) money for my first apartment. It became…[Read more]
This is difficult for me to answer. However lets assume I would retire wealthy but not filthy rich.
This has much to do if by then I would have a wife and children…
It is also influenced by the fact that the law in my country says you need to live at least 2 years in house or apartment in order to sell it without paying any tax even if you…[Read more]
I know it’s early with 10 months to go but I was giddy to find out doing our monthly budget—when I calculated our savings rate so far at 50% level. For us that best rate of saving at year ever!! We automate our savings rate monthly so we don’t even touch or moved $$ manually. EZ!
So we are on target to make little over $200k (include raises +…[Read more]
My parents had me savings 50% when I lived under their roof. But I was always working.
I think 20% is fine. Also agree with a Roth account vs a Traditional. But that aside saving anything when you are going to school full time and working part time is tough.
Such good advice, where were you 10 years ago when I was buying new car. I wish I would have waited, I knew I made a bad decision in retrospect, but did not know just how bad it was until reading this article now.
I probably should check my bills more closely, I am guilty of just paying whatever the statement says. I always think I am always being charge the correct amount, but after reading this blog post, I perhaps, […]
Alice Myers commented on the post, 4 Free Budget & Personal Finance Apps For Everyone 3 months, 1 week ago
An app for budgeting is huge, I think you need the right one to fit your lifestyle, but it can be a valuable tool for anyone. I need one for the grocery store and I will be all set!
Hello everyone! My name is Alice and I am new here. I’m really enjoying the look and feel of these forums. The design is minimalistic and easy to use. I love that it doesn’t look like virtually every other PHP-based forum out there, which tends to prioritize sheer volume of features over the ease and simplicity of a minimal design.
It also…[Read more]