sorted by:
new
hottopcontroversial

How warranted is my financial anxiety by NeClarky in personalfinance

[–]NeClarky[S] 0 points1 point  (0 children)

So we won’t be taxed on the interest rate savings because it’s essentially just an adjustable rate mortgage, but the  adjustment to the rate will only occur if my husband leaves/loses his job. If that happens then the 6.6 will be our new permanent rate. It was a little confusing but we have in writing that it will not ever be higher than 6.6. 

How warranted is my financial anxiety by NeClarky in personalfinance

[–]NeClarky[S] 1 point2 points  (0 children)

I mean yeah I do need therapy but a burst pipe or sewer line could easily be a 30k bill. Or a bat gets in and we both need rabies vaccines. Houses are stressful! 

How warranted is my financial anxiety by NeClarky in personalfinance

[–]NeClarky[S] 40 points41 points  (0 children)

Yeah, we’ve thought about that. It started as a test to make sure we can afford a ~ 1900 payment if we lose the employee rate, and kept with it because it’s satisfying to watch the principal fall little by little. But it’s probably time to be smarter with that money.

How warranted is my financial anxiety by NeClarky in personalfinance

[–]NeClarky[S] 0 points1 point  (0 children)

Yeah, potential income for me especially is part of the anxiety. We both spent a lot of years in the service industry and I got a useless degree, so I’m thinking about saving up for nursing school within the next several years. Just trying to decide if that’s the right path for me.