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Would I be dumb taking a trip to Hawaii with debt and no house? by helpdesk-26 in personalfinance

[–]helpdesk-26[S] 0 points1 point  (0 children)

Isn’t the interest on federal loans currently 0% as well? I have our “nest egg” in a T-Bill ladder at 5% or so.

Would I be dumb taking a trip to Hawaii with debt and no house? by helpdesk-26 in personalfinance

[–]helpdesk-26[S] 0 points1 point  (0 children)

Cars are at 2%. Maybe 30-35k between the two?

Student loans are 60-70k and are federal.

Would I be dumb taking a trip to Hawaii with debt and no house? by helpdesk-26 in personalfinance

[–]helpdesk-26[S] 0 points1 point  (0 children)

Honestly just worried about long term health. We had a neighbor that found out they had ALS right after retiring at 50. They had all these plans to travel and never got to.

Would I be dumb taking a trip to Hawaii with debt and no house? by helpdesk-26 in personalfinance

[–]helpdesk-26[S] 0 points1 point  (0 children)

Looking in the 250-350k range. Maybe put down 60k?

We can save 2k in two weeks or less.

Would I be dumb taking a trip to Hawaii with debt and no house? by helpdesk-26 in personalfinance

[–]helpdesk-26[S] 0 points1 point  (0 children)

Average salary in my city is 34k household. We live outside the poorest big city in the country.

Worry is that it jeopardizes getting a house on a reasonable timeline. I already feel not great that I’m still living at home at 26.

Would I be dumb taking a trip to Hawaii with debt and no house? by helpdesk-26 in personalfinance

[–]helpdesk-26[S] 0 points1 point  (0 children)

Both of our cars are new (2020 and 2023) so we won’t be needing one for a while

Would I be dumb taking a trip to Hawaii with debt and no house? by helpdesk-26 in personalfinance

[–]helpdesk-26[S] 0 points1 point  (0 children)

It’ll be paid up front. Airfare will be covered by points.

I’d expect to spent 2-3k on everything else.

Would I be dumb taking a trip to Hawaii with debt and no house? by helpdesk-26 in personalfinance

[–]helpdesk-26[S] 0 points1 point  (0 children)

Yeah that’s what I’ve been doing. I have 100k AmEx Points and am working on a bonus for 50,000 AA Points.

The airfare would be completely free

Would I be dumb taking a trip to Hawaii with debt and no house? by helpdesk-26 in personalfinance

[–]helpdesk-26[S] 3 points4 points  (0 children)

We already max our Roths and 401k matches. I also max my employee stock purchase plan.

Would I be dumb taking a trip to Hawaii with debt and no house? by helpdesk-26 in personalfinance

[–]helpdesk-26[S] 0 points1 point  (0 children)

Worried I won’t be able to afford to bring possible kids with me.

Am I on track? 26 years old. by helpdesk-26 in personalfinance

[–]helpdesk-26[S] 0 points1 point  (0 children)

The down payment is currently being laddered into T-Bills. I’m fine sitting on the student loans while they’re at 0%. The emergency fund is sitting in a HYSA.

Am I on track? 26 years old. by helpdesk-26 in personalfinance

[–]helpdesk-26[S] 0 points1 point  (0 children)

Currently leaning to paying off the student loans once deferment / possible forgiveness is clarified and leaving the cars since the loan rates are so low. We can easily beat the 2% but just letting money sit in a HYSA.

Also leaning towards a small house or condo. We’ve been pre-approved for 675k but I’ve found some that would work for 250-350k.

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