7
votes
3answers
609 views

When is the right time to buy a car and/or a house?

I am a 24 years old young IT professional. Since I don't have addictions to anything including drinking, I mostly save a lot (around 50% of my income after tax like $15-$25k a year). Currently I drive ...
4
votes
1answer
295 views

Where to invest proceeds from home sale to be used to buy new house within five years?

My wife and I have just sold our house (mortgage was paid off) in the city we lived previously. We're currently renting because we're not sure if we're going to remain in our new city. At some ...
7
votes
3answers
258 views

Saving for a down payment on a new house, a few years out. Where do we put our money next?

We currently have two rewards checking accounts. We are nearing the maximums permitted on each account, after which we receive .5% and .25% APY. It's within our means to perhaps open another one, ...
9
votes
4answers
1k views

Is there a general rule for how much of my non-retirement savings should be spent on down payment?

I know I should X months of cash for emergencies (I've seen X range from 6 to 24, depending on who's giving the advice). But in addition to that, is there any generally accepted rule for how much of ...