So it has been a while since I've visited these forums and just wanted a check into how I am doing financially now? Recently got big promotion at work a couple months ago that essentially bumped me up from making ~58k gross to ~85k. Just pulled 7k out of my savings to put a decent sized down payment on a slightly used car. I know you'll all rip on me for that purchase, but I don't care. I've driven superbeaters for my whole life and do not regret the purchase whatsoever.
Anyway!
Age: 27
Checking: 3k
Savings: 12k
CC Debt: 0
Auto Loan: 18,800 (NADA value ~23k)
Roth: 42.5k (2017 is maxed)
401k: 27k
Monthly takehome: ~4.2k
Quarterly bonus: ~3500 after tax
Rent: 900
Notes:
I live in a very HCOL area. I know my cash savings are low and am currently working to build that up now that my Roth is maxed for the year and car is purchased. I am single and am not looking at making any major life changes anytime soon. Planning on starting to save to purchase a house someday, but will probably need/want ~100k as a downpayment.
Tell me your thoughts!
Anyway!
Age: 27
Checking: 3k
Savings: 12k
CC Debt: 0
Auto Loan: 18,800 (NADA value ~23k)
Roth: 42.5k (2017 is maxed)
401k: 27k
Monthly takehome: ~4.2k
Quarterly bonus: ~3500 after tax
Rent: 900
Notes:
I live in a very HCOL area. I know my cash savings are low and am currently working to build that up now that my Roth is maxed for the year and car is purchased. I am single and am not looking at making any major life changes anytime soon. Planning on starting to save to purchase a house someday, but will probably need/want ~100k as a downpayment.
Tell me your thoughts!
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