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Reply to "Buying a car with cash"
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[quote=Anonymous]Thanks PP 7:37. I think one thing I'm wrestling with is that I don't really have any slack in my budget for car payments, now that I'm paying for day care. I just started using YNAB so I should have a better view of my finances in another month or two, once I get used to its system. But right now, things really are tight. I have been continuing my contributions to a Roth IRA and I put some money in a 401K (far less than the fully funding it, though)…I could stop making those contributions for a few years, but that strikes me as more financially unwise than using my "down payment money." But maybe I'm wrong about that? Another thought: maybe I get a car loan, and just use part of my savings to pay it off over time. Maybe there'll be some month here or there over the course of the car loan where I would have enough money to cover the payment without tapping savings.[/quote]
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