How much should i spend on my car as a percentage of income?
03-06-2007, 12:26 PM
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How much should i spend on my car as a percentage of income?
How much should one spend on a vehicle (total purchase price) as a percentage of their yearly income?
I am not including recurring expenses such as insurance, gas, etc, just the purchase of the car (e.g. 28k for a TSX)
FYI i earn 80k/year. I have heard 50% of yearly salary is a good figure. Should i spend 40k on a car? or is that too much? Please advise
I am not including recurring expenses such as insurance, gas, etc, just the purchase of the car (e.g. 28k for a TSX)
FYI i earn 80k/year. I have heard 50% of yearly salary is a good figure. Should i spend 40k on a car? or is that too much? Please advise
03-06-2007, 12:41 PM
#2
Team Owner
This thread belongs in the Off Topic / Money & Investing Subforum as it really isn't TSX specific. Here is a link: https://acurazine.com/forums/money-investing-17/
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