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If possible, I would prefer if an economist or family guy or woman answered this question. My friends spend too much money on their cars by a long shot and the dealership I fear would tell me anything just to sell a car.

2007-01-29 12:04:46 · 5 answers · asked by zzzzzzzzz27 3 in Cars & Transportation Other - Cars & Transportation

5 answers

real simple theory on living after parents.......
(this is based on net pay, not gross)

1 week check = car payment, insurance, gas, maintenance (10% of payment)

2 week check = rent/house payment, home insurance, utilities

3 week check = food, clothing, cell phone, and personal items (nights out)

4 week check = savings and investment. cause a rainy day WILL come that will demand a handful of cash, you better have it. and this is retirement, gotta have cash when you are no longer working in the future.

you cannot pick and pull from one week to another. the bills must fall into that week or you are over spending, period.

follow this simple rule and you will never be caught with your pants down, never caught without money and you'll have money for later on in life.

2007-01-29 12:12:16 · answer #1 · answered by Anonymous · 2 1

10-15 % maximum,but some times it doesn't work that way you can bite off more than you can chew on a car real easy,they,ll let you go in debt because it doesn't matter to them,its not their credit on the line,but if your payment is in that range its normal,if its over your paying too much.good luck,i hope this help,s.

2007-01-29 20:15:28 · answer #2 · answered by dodge man 7 · 0 0

No more than 10% except in very unusual circumstances.

2007-01-29 20:12:51 · answer #3 · answered by Nelson_DeVon 7 · 0 0

Zero.
www.daveramsey.com

2007-01-29 21:02:18 · answer #4 · answered by Anonymous · 0 0

no more than 15 percent max.

2007-01-29 20:09:42 · answer #5 · answered by JACK OF TRADES 3 · 0 0

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