The YNAB Podcast

Ask Jesse: Selling a Rental Property, Buying a Car, and Pausing Retirement to Save?

Dec 4, 2023

13:36

Snipd AI

This podcast discusses whether to sell a rental property, buying a new car vs sticking with an old one, and pausing retirement savings to save for expenses. They also talk about the pros and cons of pausing retirement contributions to save for a car and the drawbacks of using credit cards for reward points.

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Episode notes

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Quick takeaways

Prioritize paying off student loans with higher interest rates before diverting funds towards other savings goals.

Assess the feasibility of making property management less time-consuming before deciding to sell a rental property.

Deep dives

Paying Off Mortgage vs. Funding Kids' College

Rebecca seeks advice on whether to continue paying extra on her mortgage or divert the funds towards her kids' college savings. The podcast host recommends prioritizing student loans with a 6% interest rate and suggests experimenting for three months to see if the change feels right.

Introduction

4min

Deciding whether to keep a rental property and navigating through financial challenges

2min

Pausing Retirement to Save for a Car and Reverting to the Original Theme

4min

The Impact of Credit Card Fees and the Simplicity of Debit Cards

4min

Jesse is back with another round of questions from his inbox, including whether or not a listener should sell her rental property, whether it's worth buying a new car to relieve the stress of sticking with an old car with problems, and if pausing retirement savings to get a month ahead on expenses is worth consideration.

Got a question for Jesse? Send him an email:

askjesse@ynab.com

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