Mailbag: I'm a 39-year-old single woman, how much house can I afford?

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.8 • 1.3K Ratings

🗓️ 30 August 2024

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this Mailbag, Jean talks to Ally, a 39-year-old single woman who bought a house in 2020 when rates were low and is wondering if now is the right time to upgrade and whether or not to keep her current home as a rental property. Have a personal-finance question for us or want to jump on a call with Jean so you can get all of your follow-up questions answered? Write in at [email protected]. For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact [email protected] if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an airwave media podcast.
0:06.0	Her money is proudly sponsored by Edelman Financial Engines.
0:10.0	When you think about your financial plans, are you diversified?
0:14.4	After the year we had in 2022, it is a really good question.
0:20.8	Is it time you rebalanced or made other adjustments? Help make sure your
0:25.1	investing strategy is right for you. Visit plan EFE.com slash Hermani to
0:30.7	schedule your complementary wealth checkup.
0:37.0	Hey everyone, I'm Jean Chatsky.
0:39.0	Thanks so much for joining me today on Her Money.
0:42.0	Today, we have another one of our fabulous call-in mailbags. You know how much I love these. This is with
0:48.2	Ali from Kansas City and her question's a good one. It's about how much house she can afford.
0:55.0	Not only is this newsy with us all sitting and waiting to see how much the feds will be lowering interest rates when they meet in September.
1:06.7	But Ali's asking a question as a single woman who already owns a house that she bought in 2020 when rates were low and is wondering
1:19.5	what's the logic and the economics of holding on to that place potentially as a rental property or selling it in order to fund her new purchase.
1:31.0	Before we get going, we're going to take a quick break.
1:35.0	Her money is proudly sponsored by Edelman Financial Engines.
1:40.0	When you take a look at your financial plans, are you diversified the way you want to be?
1:45.0	And when is the last time you rebalanced your portfolio or made sure you're invested in the assets and allocation appropriate for you.
1:53.0	Look, we all need to make tweaks and adjustments to our financial lives,
1:58.0	sometimes small ones, sometimes big ones.
2:00.0	Thankfully, Edelman Financial Engines can help, no matter what change your money might need most.
2:07.0	Visit plan EFE.com slash Her Money to learn more and schedule your complimentary wealth checkup. and we are back with my conversation with Ali.
	...

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