Quote:
Originally Posted by towch
I am a 28 year IT professional work as a Systems Admin making shit money for that position. I make $53,000 per year before taxes. I have student loans which currently sits at $28,000.Student loan payment began in January. I make payments first of the money every month @ $300/month. I plan to deposit my year-end bonus and 2017 tax return to student loan payment.
Seeing as I don’t plan on getting married or having children (open to a kid if I am making stupid money), getting a house has been pushed way back in my future. Living in my studio apartment is good enough for me. I try to save as much money as I can’t while also trying to enjoy life a little (treat myself here and there, nothing expensive).
As of today, I currently have $39,000 in the bank, this really gives me a sense of security and peace of mind. I sometimes struggle with the idea of paying of my student just like that but I cannot bring myself do it. It is a lot of money for something that would bring me no pleasure. On the other want buying the 2017 BRZ I assume will bring me please but then I suspect that my peace of mind would be out the window.
My cut of mark for money I prefer to have is $30,000 so that gives me $9,000 cash if I was thinking about getting the car. I drive a 91 mr2 turbo, I at this point feel I have spent enough money on that car I feel I’ve had enough of it. I however would prefer to buy the car cash or very close to complete payment. Thus why I haven’t pulled the trigger.
For now I keep pushing it and saving up more money, hopefully I can win the lottery or scratch haha.
Well, I just wanted to share my story. Maybe this will help people in similar situation knowing you are not alone.
I am also taking advises on my debt and car ownership
Thanks!!
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If that was me that money would be in a Cd/Mutual And if your credit is decent would be financing, just be sure the rate of return on the money in the bank is higher than the apr on the car (just my .02) but congrats most people dont have the strength to save up that kind of money
, and if i was in your actual position i would pay student loans in full use whats left to put a good deposit (40-60%) on a 2013-14 Theirs No NEED for a brand new 17 even know they are nice and very worth it but maybe look at something a bit lower, dont want to have 80% of your annual income into a car (0.02 again)