Current Events > My dad's inheritance is finally kicking in this week.

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Shadowblade 03/28/24 3:39:21 PM #1:	Would $10-15k be a reasonable budget? - Results (9 votes) Yes 77.78% (7 votes) 7 No 22.22% (2 votes) 2 Not a bragging topic. Of course some if you will still think it is. But anyway my dad died this past December due to cancer. We have never seen eye to eye. But I know he loved me and I loved him. He wasn't always there for me. Which I forgave him for that. I was kinda surprised he left me an inheritance. I take it as A life changing blessing from dad/God. Its going to be a little over $100,000. Doesn't seem like a lot. But I'm going to do right with it. My dad would've wanted me to take good care of it. I have a job. Money isn't really an issue. First thing I need to do is buy a vehicle. I know I probably made this topic before. But reality is finally starting to kick in. My budget for a car is $10-$15k. --- Your human level has changed to GOD. <cite>Shadowblade posted [p:979611458] in My dad's i... [t:80733026]...</cite> <quote> Would $10-15k be a reasonable budget? - Results (9 votes) Yes 77.78% (7 votes) 7 No 22.22% (2 votes) 2 Show Voting Form Not a bragging topic. Of course some if you will still think it is. But anyway my dad died this past December due to cancer. We have never seen eye to eye. But I know he loved me and I loved him. He wasn't always there for me. Which I forgave him for that. I was kinda surprised he left me an inheritance. I take it as A life changing blessing from dad/God. Its going to be a little over $100,000. Doesn't seem like a lot. But I'm going to do right with it. My dad would've wanted me to take good care of it. I have a job. Money isn't really an issue. First thing I need to do is buy a vehicle. I know I probably made this topic before. But reality is finally starting to kick in. My budget for a car is $10-$15k. </quote> ... Copied to Clipboard!
Robot2600 03/28/24 3:40:13 PM #2:	just buy a new honda civic, whatever that costs. --- --- <cite>Robot2600 posted [p:979611471] in My dad's i... [t:80733026]...</cite> <quote>just buy a new honda civic, whatever that costs. </quote> ... Copied to Clipboard!
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Heineken14 03/28/24 3:41:35 PM #4:	I feel like if you are asking if 10-15k is a reasonable budget for a car then that means you don't really give a shit about vehicles in terms of having many specific wants from it. 10-15k should get you something good in that sense. --- Rage is a hell of an anesthetic. <cite>Heineken14 posted [p:979611498] in My dad's i... [t:80733026]...</cite> <quote>I feel like if you are asking if 10-15k is a reasonable budget for a car then that means you don't really give a shit about vehicles in terms of having many specific wants from it. 10-15k should get you something good in that sense. </quote> ... Copied to Clipboard!
kingdrake2 03/28/24 3:52:02 PM #5:	Robot2600 posted... just buy a new honda civic, whatever that costs. this. transmission or engine costs aren't problems you would want to deal with. honda civic is one of the better cars anyway (can get a good range of used car choices for 10-15k). --- currently playing: alphadia genesis 2 (ps4) <cite>kingdrake2 posted [p:979611683] in My dad's i... [t:80733026]...</cite> <quote>Robot2600 posted...</cite><quote>just buy a new honda civic, whatever that costs.</quote>this. transmission or engine costs aren't problems you would want to deal with.honda civic is one of the better cars anyway (can get a good range of used car choices for 10-15k). </quote> ... Copied to Clipboard!
Bass 03/28/24 3:55:38 PM #6:	What are you planning to do with the rest of the money? I hope you invest at least a portion of it in a total market stock fund or something like that. Let that money work for you. I think your budget for a new car is reasonable if you need one, though. I second something like a Honda Civic or Toyota Corolla. Oh, and sorry for your loss too, TC. --- Many Bothans died to bring you this post. <cite>Bass posted [p:979611748] in My dad's i... [t:80733026]...</cite> <quote>What are you planning to do with the rest of the money? I hope you invest at least a portion of it in a total market stock fund or something like that. Let that money work for you. I think your budget for a new car is reasonable if you need one, though. I second something like a Honda Civic or Toyota Corolla. Oh, and sorry for your loss too, TC. </quote> ... Copied to Clipboard!
Shadowblade 03/28/24 4:01:38 PM #7:	Bass posted... What are you planning to do with the rest of the money? I hope you invest at least a portion of it in a total market stock fund or something like that. Let that money work for you. I think your budget for a new car is reasonable if you need one, though. I second something like a Honda Civic or Toyota Corolla. Oh, and sorry for your loss too, TC. Thanks I was looking into a accord for $6,000. --- Your human level has changed to GOD. <cite>Shadowblade posted [p:979611842] in My dad's i... [t:80733026]...</cite> <quote>Bass posted...</cite><quote>What are you planning to do with the rest of the money? I hope you invest at least a portion of it in a total market stock fund or something like that. Let that money work for you. I think your budget for a new car is reasonable if you need one, though. I second something like a Honda Civic or Toyota Corolla. Oh, and sorry for your loss too, TC. </quote>Thanks I was looking into a accord for $6,000. </quote> ... Copied to Clipboard!
josifrees 03/28/24 4:05:41 PM #8:	100k is nothing you should invest it completely --- Quit Crying <cite>josifrees posted [p:979611904] in My dad's i... [t:80733026]...</cite> <quote>100k is nothing you should invest it completely </quote> ... Copied to Clipboard!
Shadowblade 03/28/24 4:06:26 PM #9:	josifrees posted... 100k is nothing you should invest it completely Yeah I kinda pointed that out already. --- Your human level has changed to GOD. <cite>Shadowblade posted [p:979611918] in My dad's i... [t:80733026]...</cite> <quote>josifrees posted...</cite><quote>100k is nothing you should invest it completely</quote>Yeah I kinda pointed that out already. </quote> ... Copied to Clipboard!
realnifty1 03/28/24 4:10:09 PM #10:	[LFAQs-redacted-quote] This is the real answer, unless you really really need a car and have no other way. Like if you had bought 100k of an index fund 20 years ago it would be worth about 300k today. Future you would feel a lot more secure. <cite>realnifty1 posted [p:979611987] in My dad's i... [t:80733026]...</cite> <quote><cite>[LFAQs-redacted-quote]</cite> This is the real answer, unless you really really need a car and have no other way.Like if you had bought 100k of an index fund 20 years ago it would be worth about 300k today. Future you would feel a lot more secure.</quote> ... Copied to Clipboard!
littlebro07 03/28/24 4:11:54 PM #11:	10-15k will get you a decent used Accord or Camry. Possibly far less than that. Take care of it and it'll outlive you. --- https://i.imgtc.com/MGGa6Os.gif <cite>littlebro07 posted [p:979612016] in My dad's i... [t:80733026]...</cite> <quote>10-15k will get you a decent used Accord or Camry. Possibly far less than that. Take care of it and it'll outlive you. </quote> ... Copied to Clipboard!
emblem-man 03/28/24 4:12:22 PM #12:	TC said he needs a vehicle, and if he's planning on no more than 15k like he said, I think that's fine and he can invest the rest. --- http://avatar.xboxlive.com/avatar/emblem%20boy/avatar-body.png haters gonna hate <cite>emblem-man posted [p:979612024] in My dad's i... [t:80733026]...</cite> <quote>TC said he needs a vehicle, and if he's planning on no more than 15k like he said, I think that's fine and he can invest the rest. </quote> ... Copied to Clipboard!
Crimsoness 03/28/24 4:19:18 PM #13:	Blow it on my onlyfans --- She/Her <cite>Crimsoness posted [p:979612119] in My dad's i... [t:80733026]...</cite> <quote>Blow it on my onlyfans </quote> ... Copied to Clipboard!
IdiotMachine 03/28/24 4:33:28 PM #14:	$10k-$15k for any car is a decent budget (like your $6k Accord). After you use it to buy the car, put $7k into an IRA. Put the remainder in a brokerage account. If you dont know what youre doing, buy a Vanguard targeted retirement fund, or a fund that tracks a major index (e.g., S&P500 index); suggest little at a time (say $25k every quarter) to mitigate risks (dollar cost averaging). If you know what youre doing, go do you. --- https://i.imgur.com/XNEdLrJ.png <cite>IdiotMachine posted [p:979612316] in My dad's i... [t:80733026]...</cite> <quote>$10k-$15k for any car is a decent budget (like your $6k Accord). After you use it to buy the car, put $7k into an IRA. Put the remainder in a brokerage account. If you dont know what youre doing, buy a Vanguard targeted retirement fund, or a fund that tracks a major index (e.g., S&P500 index); suggest little at a time (say $25k every quarter) to mitigate risks (dollar cost averaging). If you know what youre doing, go do you. </quote> ... Copied to Clipboard!
Shadowblade 03/28/24 4:59:53 PM #15:	IdiotMachine posted... $10k-$15k for <u>any</u> car is a decent budget (like your $6k Accord). After you use it to buy the car, put $7k into an IRA. Put the remainder in a brokerage account. If you dont know what youre doing, buy a Vanguard targeted retirement fund, or a fund that tracks a major index (e.g., S&P500 index); suggest little at a time (say $25k every quarter) to mitigate risks (dollar cost averaging). If you know what youre doing, go do you. Thanks for the advice. --- Your human level has changed to GOD. <cite>Shadowblade posted [p:979612761] in My dad's i... [t:80733026]...</cite> <quote>IdiotMachine posted...</cite><quote>$10k-$15k for <u>any</u> car is a decent budget (like your $6k Accord). After you use it to buy the car, put $7k into an IRA. Put the remainder in a brokerage account. If you dont know what youre doing, buy a Vanguard targeted retirement fund, or a fund that tracks a major index (e.g., S&P500 index); suggest little at a time (say $25k every quarter) to mitigate risks (dollar cost averaging). If you know what youre doing, go do you.</quote>Thanks for the advice. </quote> ... Copied to Clipboard!
philsov 03/28/24 5:16:00 PM #16:	depending on where you live, having a car is a HUGE QoL boon and a sound investment (versus reliance on friends/uber/public transport/etc). Get a reasonable car and invest the rest (IRA and then index fund). --- Remember that I won't rest, 'til we share the same tense Just know, to me, you're better late than never again. <cite>philsov posted [p:979613010] in My dad's i... [t:80733026]...</cite> <quote>depending on where you live, having a car is a HUGE QoL boon and a sound investment (versus reliance on friends/uber/public transport/etc). Get a reasonable car and invest the rest (IRA and then index fund). </quote> ... Copied to Clipboard!
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Current Events > My dad's inheritance is finally kicking in this week. (+) Yeah! (+)

Current Events > My dad's inheritance is finally kicking in this week.