How long did it take you to save for a down payment on your first home?

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Still trying to save for one. It's so hard with the rising cost of homes. It doesn't help that my student loans prevent me from accomplishing that further.

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Agreed, I am I. The same boat

Just two years. Ended up doing a 3.5% down payment in 2022, have been paying an extra 2k towards the principal each month. Will be at 20% equity in a little over year. It was a risk move but ultimately I would say it’s paying off.

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Not bad at all!

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5 years, just celebrated 1 year in my new place!

1 year.

Lived super cheap tho. Also, engineering degree made it a lot easier

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So after you max your investment accounts (401K, IRÁ, emergency savings. etc) what do you do next?

A little context: 24M, started in the pandemic, moved back home and paid off my student loans.

Do I move out? Can I start spending on myself? Am I missing anything from a saving perspective?

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Additional Posts in Student Loans

Can grad students get $20k forgiven if they got Pell in undergrad but outstaning loans are only for grad school?

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In a perfect world how much would you want to make a year to both pay off your loans and live a good life? I think I'd need to make upwards of $200k to pay off my loans, take care of my family and live a fulfilling life.

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Has anyone refinanced their student loans on h1b visa? Is common bond the only option?

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Damn LIBOR rate up again...

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