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re: Wise friends of the MB: Am I anywhere close to buying a home? UPDATED pg. 3

Posted on 4/7/15 at 11:03 pm to
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89775 posts
Posted on 4/7/15 at 11:03 pm to
quote:

Car- $9600 ($257/month)
Credit Card- $1,799 (will be gone in four months) 0% apr
Student loan-$7,000 (I pay $250/month) 0% apr
That's it.



Work this down to nothing.

quote:

I have $1,000 emergency fund and a few grand in investments.




Get this to about $10k

quote:

I contribute to my Roth and buy $100 worth of Ford instead (god I'm an idiot)...


Get this to 15% of your gross.

Then lets talk about a house. If you're motivated, this can happen in 2 years. Get to it.
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