I'm 22, single with no kids. I have worked at the same company for the past five years and have worked my way up to a management position. I currently save approximately $1000 per month even after I deduct 15% for my 401(k). The balance on my 401(k) is almost $20,000 and I have about $15,000 in my saving account. Everyone says that I should buy a house to save on taxes, but is there any other way? I’m really not excited about the idea of being tied to the responsibility of a mortgage, plus all the added expenses. I’m not even sure where I want to put down my roots. Still, it hurts to see a third of my check go the government and the $1,100 rent a month down the drain for my house. I know I’m more or less on the right track, I just feel pressured right now to make the right decision before my lease expires. If I don’t buy, where should I invest my money? I’m really stressed out about this.
2007-03-26
17:25:07
·
5 answers
·
asked by
Red
2