Who actually spends 15-18% of income on transportation costs?

Question

I have read that a general guide for how much you should spend on transportation is 15-18% of your take-home pay. This seems to be a near impossibility when you account for the current gas prices and insurance rates for someone under 25. Has anyone actually achieved this guideline on a moderate after tax income of around $25,000 or less and an auto loan as well? Or do you just say "shucks" and cut expenses somewhere else to make up for it?

Answer 1

Heck no. That is way too much. Of course, I am retired and only drive 1 or 2 times a week. LOL.

Answer 2

I do