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Kuli24 t1_j8wqupl wrote

Reply to comment by elpajaroquemamais in Tyler Perry to donate $2.5M to help older Atlanta homeowners by AmethystOrator

I mean that's pretty much my situation, which is what I was going off of. How did the $250k get paid off if there isn't enough to cover a simple $625 cost? That's a set of tires. That's a car repair bill. We probably just define "a lot" differently, which is alright.

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elpajaroquemamais t1_j8wztyx wrote

You are describing exactly why you need to save that money instead of spending it on a PS5 or charity. Thanks for proving my point.

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Kuli24 t1_j8x0n6p wrote

I'm saying that $625 is a typical expense we are already used to paying. What's one more of them? I'm saying if you have $250k of the house paid off, chances are you can drop $625 without it affecting you. And no, we shouldn't save all of our money. Buy a PS5 and enjoy if it doesn't hurt you financially.

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elpajaroquemamais t1_j8xmldz wrote

The house may have been worth $200000 when you bought it. But when it becomes more valuable it increases your net worth. That’s my point. It’s not cash in hand.

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Kuli24 t1_j8xr7rg wrote

Ohhh that's what you meant. I thought you meant a $400k mortgage with 150k remaining.

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