I’m 34 and make $122k per year as of last year. I max out my 401k and a Roth IRA and have about $60k in a 2% savings account and 20k in a taxable brokerage account. Single and rent in an expensive city (1br is $1600/mo). A tiny house in the metro area would be at least 500k.
I drive a 2010 Nissan Sentra with 100k miles on it which has been paid off for almost 5 years now. I’m really itching for a new car though, and considering buying a lightly used car for around 40k. I’m a car person that has been through austerity for the last 9 years to get things in order.
Am I being stupid for considering this before I own a home? I can swing the payment without an issue except Financial Samurai and the frugals basically say I should ride a scooter still.
Any thoughts? Thank you!
Submitted February 04, 2019 at 04:12AM by yobbo7 http://bit.ly/2Ry71Hb
