Income: $65,000 (gross)
Samantha’s situation in her own words:
I’m 33 years old and have been living in apartments for the last 12 years and I’m tired of it! I feel like I ready to buy a home but I’m nervous. A little background: my gross annual income is $65,000, I’m totally debt-free, and a pretty conservative spender in general. My company was recently acquired by another, so I’m a bit nervous about the long-term outlook of my current role. I have a six-month emergency fund saved, plus $10,000 (a.k.a. my down payment fund). I have almost $50,000 in retirement funds.
Peter Dunn a.k.a. Pete the Planner® is an award-winning financial mind and a former comedian. He’s a USA TODAY columnist, author of ten books, and is the host of the popular radio show and podcast, The Pete the Planner Show. Pete is considered one of the foremost experts on financial wellness in the world, but he’s just as likely to talk your ear off about bass fishing.