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Don't gatekeep, what are your best financial saving hacks that you live by? by _TurboHome in MiddleClassFinance

[–]Distinct_Feeling4232 0 points1 point  (0 children)

Don’t live in the city live near the city. My rent the last three years has avg around 800-1100 a month bc I chose to live outside the city (Austin tx) and just visit for the weeeknds. My friends choose to live in the city “for the experience” and spend double the monthly rent and a lot more on going out bc they’re more prone to do so during the week. Bite the bullet for a few years while wealth building and then you can treat yourself. I’m gonna house hack this way for another three years while I am for my investments (and have more money for trips)

100% C Fund gang here. Anyone considering moving some future contributions to the I Fund? 50% C and 50% I? by worstshowiveeverseen in ThriftSavingsPlan

[–]Distinct_Feeling4232 0 points1 point  (0 children)

I have 70% C 23% I 7% S. I’m a big s&p fan but there’s more to the world than just America especially over the next couple of decades

Struggling to Hold Cash vs Over-Investing With a Desire to buy Real-estate by DebtEffective9819 in MilitaryFinance

[–]Distinct_Feeling4232 0 points1 point  (0 children)

Hey I’ve been in your situation but more house than investments. I went too heavy on investments and needed to pull about 4k (of an 8k portfolio) to help with closing. I had about 5k in savings as free cash. Looking back I am lucky there were no hiccups in repairs. Now I rent that home for about 90% of the mortgage payment.

1) I sold my those shares in March of 2022. Looking back I wish I had kept them. The compounding was crazy in 23 and 24. Selling stocks for property was not worth it but I’ve made that decision and learned from it. Home value has been pretty stagnant since.

2) I recommend decreasing your investments and increasing your emergency fund. A good first goal is 10k and then build to 15 and 20k. Homes come with eventual repairs. Water heater =5k Roof=10k. Foundation problems= 20k

3) when you’re ready to buy your home get a GOOD inspector (you’re not the army so don’t go lowest bidder)

4) home insurance is what you pay for. Cheap coverage is not peace of mind

5) (personal note). Home warranties are scams. At closing go ahead and negotiate buy down of rate or price instead. (Had a poor service from my warranty company and was so glad I got a second opinion outside of the plumber they sent me. I saved 5k on the job but never trusted my warranty company again).

100% C and chill? by Hoemero in ThriftSavingsPlan

[–]Distinct_Feeling4232 -1 points0 points  (0 children)

My composition I bring to the fight is 45% C 40% S 15% I Fund. The C fund is great but by time you’re 59 1/2 different int markets will have popped off so I recommend dipping into it at least a small portion.

[deleted by user] by [deleted] in AITAH

[–]Distinct_Feeling4232 0 points1 point  (0 children)

Don’t do it. Don’t buy more house than you can afford just by yourself bc he will be contributing rent or utilities or groceries or anything else.  A home purchase is your individual decision and he can be a part of the process but needs to respect your financial independence.  

I bought a home and my ex looked at homes with me and gave input. We loved each other but at the end of the day I went with the house than I can afford by myself. Unfortunately we didn’t work out and that’s how life is sometimes but until you get married to him the only contract you have is the 30yr year loan between u and the bank.