@seekeroftruth343 This is very basic advice. Guess it's a good reminder for those just starting out and who know absolutely nothing.
You're doing fine, let me preface, but I feel like you're barely even middle class. Middle class used to be wealthy enough to own a home or afford a mortgage. Seems like you're not quite at that level yet. I'm in a similar position. I'm 35M, married to 30F, and house feels just out of reach for us.
We saved $90k last year into a HYSA (on top of me maxing out my 401k and IRA...my wife put 50% into hers). We're planning to continue saving up and hopefully will jump on a house soon/when ready but even with saving that much money per year we would be cutting it close no doubt with monthly payments exceeding $6k. Guess we could get a condo/townhouse for cheaper but I'd like to go straight to house.
You're doing fine, let me preface, but I feel like you're barely even middle class. Middle class used to be wealthy enough to own a home or afford a mortgage. Seems like you're not quite at that level yet. I'm in a similar position. I'm 35M, married to 30F, and house feels just out of reach for us.
We saved $90k last year into a HYSA (on top of me maxing out my 401k and IRA...my wife put 50% into hers). We're planning to continue saving up and hopefully will jump on a house soon/when ready but even with saving that much money per year we would be cutting it close no doubt with monthly payments exceeding $6k. Guess we could get a condo/townhouse for cheaper but I'd like to go straight to house.