Hi all. I live in a HCOL area and I’m only able to save roughly 800 a month with a regular 40 hour week. Im currently about half way through my electrical apprenticeship, one i finish that I’ll be saving roughly 1500 a month. One day i would love to purchase a home but I’m afraid of overextending my finances into accounts that i cant access for a long time without being penalized. My 401k allows me to borrow up to 50k to buy a home but thats one a scratch of what i need for a down payment. Is it worth taking advantage or the tax incentive? I also have no car payment or debt of any kind. But i do have my eyes on the new ford maverick truck which costs roughly 25k-30k said and done. Thanks for your help!
Submitted September 27, 2021 at 08:24PM by SwampyShlong https://ift.tt/39I7qSR
