I have a 2009 vehicle with 35,000 miles on it. My loan payment is 317.65 with interest at 2.99% balance due is 11,938.44. The insurance is 556.00 every 6 months. Blue book is 20,000.00.
My income is 69,700.00, home mortgage is 113,401.00 payment 1015.57, interest 3.125%. Property tax 2100.00 annually
My credit card is used for household utilities and some misc. and is usually under $400 paid off each month.
I deposit everything into a checking account paying 3%
I have started a new job and do not contribute to the 403 B because there is no match until after one year, I will probably start to contribute but not sure how much to contribute.
Had planned on retiring at 62 but now 60 I don't see that I can retire for 10 years because I have very little in past 401 K's I missed out on a pension early on in my career as I left a job short of the 10 years required for vesting. The other 29 years I invested the minimum but lost a lot in 2008. The financial planners I have had said because I don't take risks I can't make any money. My emergency fund is $7500.00. I have a couple other savings accounts worth $1000.00
I feel that I cannot afford this vehicle but they have a history of lasting a long time but gas mileage is average maybe 23 mpg. and when I have listed it for sale have had no offers.
Any suggestions would be appreciated.
My income is 69,700.00, home mortgage is 113,401.00 payment 1015.57, interest 3.125%. Property tax 2100.00 annually
My credit card is used for household utilities and some misc. and is usually under $400 paid off each month.
I deposit everything into a checking account paying 3%
I have started a new job and do not contribute to the 403 B because there is no match until after one year, I will probably start to contribute but not sure how much to contribute.
Had planned on retiring at 62 but now 60 I don't see that I can retire for 10 years because I have very little in past 401 K's I missed out on a pension early on in my career as I left a job short of the 10 years required for vesting. The other 29 years I invested the minimum but lost a lot in 2008. The financial planners I have had said because I don't take risks I can't make any money. My emergency fund is $7500.00. I have a couple other savings accounts worth $1000.00
I feel that I cannot afford this vehicle but they have a history of lasting a long time but gas mileage is average maybe 23 mpg. and when I have listed it for sale have had no offers.
Any suggestions would be appreciated.
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