(Topic ID: 110193)

Does buying my first house mean the end of pinball?

By eggbert52

9 years ago


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  • Latest reply 9 years ago by rommy
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    #203 9 years ago

    House is definitely expensive and it's very easy to become "house poor" (1st world problems). However, sounds like you are in a good position to me. I'm a young guy, so take my long-term financial advice with a grain of salt, but here is my suggestion:

    - Max out your 401k contribution
    - Build up a house emergency fund (planned & unplanned upkeep: roof, furnace, leaks, etc)
    - Build up 6 months of salary replacement savings
    - Make a savings plan for any renovations/furniture, etc -- it's tempting to do everything at once when you 1st move into a house, like I did
    - Set a modest pinball budget to tide you over until you meet those goals

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