Hello r/personalfinance. I never post but I constantly think about this so I figured why not.
My girlfriend and I have been thinking a lot about home ownership and I think we want to start the process, but I have student loan debt, and a car payment I still have to take care of. I am 28 years old and I make pretty good money (at least I think). I owe about 10k on the car and about 55k in student loans. I am relatively new to financial literacy so please excuse me if I sound like an utter idiot in how Im describing my thoughts. I have about 15k in liquid cash that would go towards the down payment, I am think 5% conventional loan and I have family that would help assist a little in the down payment if my 15k wont cover it. That would be my entire checking account pretty much. My girlfriend currently does not contribute to expenses because she works part time while she finishes school. We have discussed that she will be paying her half as soon as she has a real job that allows that. She will have her masters in about a month, so Im not too concerned. That would significantly help me pay off debt while we lived in a home. Also, she has no debt. She owns her car and didnt take out student loans (shes a lot smarter than me).
​
To be clear on the debt before I get questions. I was young, dumb, and naive when I took out the car and student loans. I had no idea what I was getting into at the time. The apps that track those debts (MOHELA for student, and the bank that financed my car loan has been absorbed by Premier bank so I have no idea how to readily pull this up.) are super useless and I DO NOT KNOW my interest rates. I signed a piece of paper because I wanted to go to college and I wanted a car. Not a good excuse, but its the one I have. I realize this is something I need to know ASAP before making any real decisions but keep in mind, Im on r/personalfinance because Im financially stupid, not financially literate. Otherwise, I wouldnt post here.
​
Income details: I make about 90k a year (pre-tax), and my take home is about 4400/mo. I pay about 2800/mo for my expenses each month (debt, rent, utilities, etc). These are close approximations. Ive got about 40k in my 401k (irrelevant to this discussion probably) and I have an individual account with play money I use for more riskier stock trades. I also am planning on opening a Vanguard or Fidelity Roth IRA here in the next week and adding more money to that for retirement.
​
I think I rambled there and probably am coming across incoherent. I just want advice because I constantly question if I should debt snowball this stuff and pay off the car and student loans first, or if I should start building equity and get a home. Plus, there is this mental element to all of this that isnt really accounted for in the numbers. I hate renting. I hate living in an apartment. I feel so constrained and cant be myself. Its tiny and Im just sick of it. I have lots of hobbies and I want a garage and a place to work on my projects. It sounds so nice to me to have my own slice of heaven. That isnt really a good reason to make dumb financial decisions, but I kind of think it is to some degree.
​
Please help Reddit! I am an idiot millenial who cant tell his head from his ass!
Well, you, like the rest of us, have a lot to learn about finances. You’re obviously not stupid making 90k, so you’ll get it.
The *Personal* in Personal Finance is the you factor. What’s right for me may not be right for you. For example, 401k / IRA. I do not contribute to an IRA, but I go all-in (up to the federal max) into my 401k…and I contribute Roth there. I have both Roth and Traditional IRAs, but I’ve not contributed to either for a number of years. Why? because I think my employer supplies good investment options, and for simplicity. And, the federal max yearly 401k contribution is about 3x (4x for geezers like me) the IRA yearly federal max.
I’m not comfortable with you buying a house when you have that much debt. Yeah, it’s only 65k, but still…it’s 65k. How much progress have you made on that debt since you graduated?And have you been paying on the student loans during the pause? If no, I’d like you to think about maybe consider adding up all the skipped payments, and subtracting that much from what you put on a down payment. Otherwise you’re extending your student loan by a couple years.
I’d discourage you buying a house ***with*** your girlfriend. First of all, laws work very differently when you’re married vs not. You can work around that, but it involves lawyers and legal documents. The last thing you want after she’s killed in some terrible accident is to find out that now you half-own your house with.
Here’s the reasons I see why you *should* buy a house:
-you could have more space than an apartment
-you want a garage
-all the benefits that come with buying a house
All that is fine. I get it. But…Here’s the reasons I see why you should *not* buy a house yet:
-it is a terrible time to buy a house
-you only have one source of income as a couple
-you have substantial debt
-your down payment would cost you all of your savings, leaving neither of you with an emergency fund
-you might have to rely on other people’s money to make this purchase (family helping with down payment)
-you would be covering the entire mortgage payment until gf gets a job
-you are not married and so the house will make any possible breakup 10x more complicated
-all the downsides that come with owning a house
Would renting a larger apartment, townhome, or either of those with a garage help alleviate some of the frustration you feel with your current place? Renting isn’t always a bad thing
What is your credit score. If you don’t know you can go to experian and get it for free. After you find out your credit score see what the interest rates are on your student loans and carloans. You can then see if you can refinance for a lower rate. I would then try to pay off both of those while at the same time socking away some money for a down payment. I would think in the very near future the housing bubble is going to pop pretty bad and depending on where you are the price pre square foot could drop significantly.
If you want to talk further feel free to reach out.
Personally, I would not buy a house in your shoes.
$15K in cash only is not enough, imo, without even considering the debt. What happens if your plumbing needs to be redone, or roof repairs come up, or all the other things that can go wrong in homeownership?
Also, $65K is a lot of debt to me, especially when most of it is student loans that you can’t even default on. Probably high interest as well.
I would instead, focus on increasing your monthly income, whether that be paying down debt, finding a new gig or a side gig, cutting down on expenses, etc to further build your savings.
If your partner graduated in a month, why not wait a bit while her career gets settled?
Counter Strike Source – The reasons everyone never quits
Counter Strike CZ is the most noted and most played multiplayer online game until now. The game is being played in every area of this world. Always in, every gaming club, with every computer and Laptop and even on nearly Xbox system.
CS 1.6:
CS GO is actually a modification of the Half-life game which had already been released in the late 1990’s. This FPS game is a tactical and reaction based shooter which tests the mind and responsive abilities of the user. Valve studios took the reins of coding this game in the 2000s, re-developed it by adding some new distinct and hand made metrics to CZ.
The greatest the most innovative features of Counter Strike CZ is the right to [url=https://central-servers.net/]Host your own server[/url]. This allows a whole new battlefield for hobbiests to set up group server and group up. With such a choice available to them the combinations is impossible to imagine. In the 90s people must have used Dedicated Servers to run their CS Condition Zero Servers. However teams host with a [url=https://central-servers.net/]VPS Ryzen[/url] and will have good games in CS Condition Zero.
CS Source has been a source of hobby for the adults since its start. The question is how come? Well, it is actually that style of online FPS which won’t actually will get boring even if one plays it for years.
Here’s why CS 1.6 is a timeless game:
One can simply never get bored of [url=https://0v1.org/forums/#gaming.12]the game[/url] since it allows the player to build it according to their like and preferences. One of the main applications of this customisation is called “aimbot”. [url=https://leaguecheats.com]Legit CS Cheats[/url] are the most annoying ability of MMO shooters and most of the gamers have actually become the hackers by the time they are veterans at CS. Some may want to play CS on the stock levels and the maps with which they are familiar with but the truth is that most of the advanced players just want some different things to climax their interest in that game. LeagueCheats software works on WarGods, WarGodz, sXe injected, [url=https://leaguecheats.com/wiki/esportal-cheats-hacks/]Esportal[/url], GamersClub, EAC, Challengeme.gg, 99damage, FaceIT, SoStronk, PVPRO, GOLeague, ChallengerMode, FastCup CSGO, Akros, VAC, VACNET, Gfinity, CEVO, ESL, FaceIT Server Side, SMAC, Kigens Anti Cheat, PopFlash, Kickback, and ZenGaming. [url=https://leaguecheats.com/store/] CS Cheats[/url]
So, alliances can compose various maps for their own tournaments or for their dedi servers. Isn’t it great that you play every instance on many different maps and then clans attempt to get command on that particular game mode by practicing constantly via leet matches. This in my point of view is the universal
reason why clans will ever get bored even after tons of seasons.
The levels can be customized through different programs and software, which are absolutely free to use and one can be skilled in it by watching Video tutorials. Most people think that Counter Strike GO came with a ton of maps but the fact is that it came only with some starter maps but over time the creators created some varied distinct maps on the Valve editor platform which the users have been downloading them via multiple websites.
Another element which is keeping Counter Strike GO long-lasting and exciting is the freedom to make your own listen server. One can make a separate root for their own clans so that they can have some exciting battles with each other or they can invite other clans for a PCW. As mentioned gamers can have a [url=https://central-servers.net]AMD VPS[/url] and always have smooth game play in CS Global Offensive.
Again, there are also many cool images available which the users can customize and can spray them on the walls or anything else in maps. The spray logos sometimes show the icon of the particular players or clans.
In other news customizing CS Global Offensive was never really easy before. Now one can never get used to this amazing first person shooter game.
Also, most all the games that have various modes typically have several features that typically provide the gamers with noteworthy moments spent gaming on the PC. Whether you are a preteen or already OG it is impossible not to have played CS CZ one time.
[url=https://kapsfashion.com/inteligent-transitions-in-ux-design/#comment-4248]Counter Strike CZ Hacks & How 2400G VPS Applies to it.[/url] 34a912_
[url=https://yourdesires.ru/vse-obo-vsem/1665-otkuda-k-nam-prishel-chaj.html]Откуда к нам пришел чай?[/url] или [url=https://yourdesires.ru/beauty-and-health/lifestyle/1501-treskaetsja-kozha-na-rukah-chto-delat.html]Трескается кожа на руках: что делать[/url]
https://yourdesires.ru/fashion-and-style/rest-and-tourism/1418-gde-v-feodosii-mozhno-horosho-i-nedorogo-poest.html