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re: So how much after taxes a month do you need to live pretty much like you like

Posted on 8/24/18 at 6:47 am to
Posted by TigerVespamon
Member since Dec 2010
6214 posts
Posted on 8/24/18 at 6:47 am to
quote:

I pay $1000 a month for my F-250
Refired, and you’re financing a vehicle? I feel sorry for you.
Posted by birdieman
New Orleans
Member since Dec 2012
1647 posts
Posted on 8/24/18 at 7:20 am to
Rent in a major city is our only big expense (2900) a month. Bring home 12k , could easily get by on 5k if needed as we have no debt.... our 2 year old actually saves us money as we never leave the house for fun anymore lol.
Posted by slackster
Houston
Member since Mar 2009
85489 posts
Posted on 8/24/18 at 7:35 am to
quote:

Refired, and you’re financing a vehicle? I feel sorry for you.


Financing a vehicle depends on the rate and term and that's it. Working, not working, etc doesn't affect the decision to finance or not finance. Now, not purchasing the car altogether is an option, once you've decided to purchase, financing often makes far more sense.
Posted by HeyHeyHogsAllTheWay
Member since Feb 2017
12458 posts
Posted on 8/24/18 at 8:18 am to
quote:

Refired, and you’re financing a vehicle? I feel sorry for you.


Yeah this makes a lot of sense.

I just bought the wife a new vehicle, I'm retired. I have excellent credit, so we were offered 1.9% interest on a car note. I could have written a check for the entire amount. But if instead I finance the vehicle and put the cash into the stock market, I come out ahead.

Also, let's be real, stats prove that the overwhelming majority of Americans can't afford to pay cash for an F250 anyway.

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