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ddmazza t1_iyb7orf wrote

Can you share a car? Insurance will be rough on two cars. If you buy a car for cash you can just get liability insurance and not comprehensive.

I'd start a roth account in addition to your 401k. Anything you put in can be taken out penalty free so it can serve as an emergency fund.

Focus on getting 6 months of expenses in a savings account and seems like you're close. That can tell you what you can afford to put toward a car.

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WyoGuy2 t1_iyb8jva wrote

Even if she buys a car for cash, it’s not a good idea to only keep liability insurance on it. If she spends 25k, that’s a giant portion of her wealth that would be one unlucky moment away from being erased.

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ddmazza t1_iybfnb1 wrote

Very true but I also wouldn't recommend a 25K car in this scenario.

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