This says you need to make 200K to buy a Corolla

We've had this same thread a million times before.

The short answer is that you can spread the cost of the car over multiple years (financing, simply saving money, and so on). That image is dumb.

this list was made by a retard

not even the most frugal jew would abide by this

This is bullshit. Go by 15-20% of your income for all transportation expenses. If you make $25,000, that amounts to $5,000 on cars at most, which is $416/mo. You could spend $100 on insurance, $150 on gas, $50 on maintenance, and have over $100 left for car payments.

>tfw 1/1 rule

>tfw live with my parents while in college and spend 100% of my income on car payments
feelsgoodman

>not spending 100% of your income on college and having the majority of it paid off by the time you graduate.

>living in a country that requires life-crippling debt for education

i dont care ill pay it off later lad

>living in a country with life crippling taxes so somalians can go to college for free devaluing what limited value the piece of paper has.
>Not working during school, building your portfolio, and having no debt.
>European

Is it supposed to be the value is 1/10 of my yearly salary or am I supposed to spend 1/10 of my salary every year on a car?

>Living in a country that forces you by law to pay for the education of others regardless of whether you utilized it yourself or have children

lol at your life

>Living in a country that forces you by law to pay for the education of others regardless of whether you utilized it yourself or have children

That's a thing? Try again.

>make about $6k/year
>own 1 car and 2 motorcycles
Feels pretty good.

I guess he doesn't know, but that's exactly how school taxes work in the US.

iktfx100

>live with parents after college making $100k+ a year

living the fucking dream

And I'm against public K-12 education too.
But, we're talking about college you fucking idiot.

>That's a thing?
Yeah, have you ever heard of taxes? Get a job and then you'll realize how much they fuck you.

what job?

>going to school in the US even though you're too stupid to get scholarships
It isn't hard. If you can't get scholarships, don't go. Don't blame the big bad schools for using your stupid ass to fund their actual valuable pupils.
>tfw 23, went to a school that cost 32k plus a year and not in debt because scholarships

investment banking

6k a year? Do you only work for 2 months or something?
How can you make so little money?
Even with minimum wage you should make more

>we're talking about college
I know, but yes to "that's a thing?" and "pay for the education of others". My point is it exists.

>you fucking idiot.
So mean, please be nice.

>ave you ever heard of taxes?
>Get a job
Property taxes actually, that where it comes from.

The people who claim it's "crippling" are the people who take out like 100k in loans for housing, food, apple computers, car payments, and so they can sit around doing fuck all for 4 years instead of getting a job.

If you go to a CC then transfer, utilize grants, and have a job + live with parents while going to school you should graduate with very minimal debt.

We aren't talking about the US are you fucking stupid.. Jesus christ.

>My point is it exists
Cool off topic point, bro

It's funny because Americans a) boast about having to work through college and b) don't realize that working through college deducts from their studying time, effectively forcing lower education standards so they wouldn't mass drop out, meaning that an American four year degree is less valuable than a European three year degree.

Okay.

>talking about US college
>talking about not-US college
>refuting overseas taxes for school
>stating school taxes exist in US
>K-12 taxes are not college taxes
>comparing college tax to K-12 tax

this.

I'm on my final year of my B.Sc. Biochemistry degree and have 0 debt, I've been working every day since I was 18, I have over 30 grand in my bank account without my parents paying for ANYTHING.

tldr, stop being lazy cunts.

except american universities are better
and our per capita income is higher than europe so apparently it doesn't matter.

enjoy your socialist welfare state crippled by inflated government wages and bureaucracy

I didn't even go to CC, because the transfer meme is mostly a scam perpetuated by the CC, and lived on my own.
>Oh yes, goyim, the university will take all of your credits here as equivalent
>take 30 credit hours of classes
>university takes 9
It's a hell of a lot more complicated than that. Burger universities tend to pay their professors more money than Euros do, and provide better retirement plans. We end up poaching a lot of the best English speaking academics from Europe because of this. Our schools are also better funded in general, with more money for research and facilities.
Of course, there a shit schools with shit standards for people who don't want to study. But, by spending a year longer in school we compensate for the difference in time spent. Plus, euro degrees have the same amount of credit hours required, so you end up just taking one whole year less of school.
Also, it would take a very close to full time job to not leave enough time to study. I didn't work my first two years of school and I had so much time to sit around and do nothing that I got a job to relieve the boredom.
inb4 you only were able to do that because shit school
I got accepted for my master's a very prestigious school in a soon-to-be former EU country, but I'm not going because I'm not going into debt for it. T_T

And when we graduate we don't have to pay for everyone else to go to school.

US university cost is inflated horribly high right now and the cost needs to be regulated in state funded schools, but it does NOT need to be paid for by taxing other people.

Your per capita debt, too.

>europe
>relevant

kek

Okay, so this argument is just going in circles.
>hurr murricans have debt
>hurr euros pay for others to go to school whether they use it or not
Both have pros, both have cons. But ultimately, I think the American system is better because debt is a choice, taxes are not.

>debt is bad
The mind of a European everyone.

Give them a break user. They've had some bad experiences with denbts.

no u wont

You cant wont and never will if you werent bourn a milionare ita gonna be impossible

reading this thread has made me more stupid

Not being able to go to school because you would end up in massive debts is not a choice. Exhibit A: The "land of opportunities" having worse social mobility than "socialist" Europe.

>People unironically believe you need a cuck car load to build "credit" instead of having a single grocery card that you pay off each use to save money on insurance
>People unironically buy $250k tract homes made from twigs with no money down as "investments" instead of buying multiple rental properties for cash
>People unironically go to college instead of learning a trade that pays the same and can be learned in 1/8 the time
>People unironically work in the private sector instead of getting a .gov job where healthcare, leave, pensions, and guaranteed promotions as well as pay raises exist

>Anons falling for the education meme
MFW

>implying social mobility isn't shit because Americans CHOOSE to live beyond their means.
Something like 98% of millionaires are 1st or 2nd gen here in the US anyway. Stop blaming other people for your failures.

No, because the mathematics and financial thinking used to make the chart were flawed from the start. Different living circumstances mean the amount that someone could/should reasonable spend on a car will vary. As a general rule, your car payment + insurance should be between 20-30% of your gross monthly income, depending on your living situation

Insofar as the education debate that I think is happening in this thread, it's fantastically easy to go to college for free or near free in the US provided you do some basic planning in high school. Between the military, scholarships, using community colleges to get your first 2 years out of the way, and basic financial aid, college is accessible to 99% of people in a very affordable way

>20-30% a month on a car
Lmao.

The non dealercuck rules:
Expenses 33%
Charity 33%
Savings 33%
Freedom 100%

The website say you can got up to 50% if you really like cars or 20% if don't live in a city with transportation . You could save up for your retirement, travel, work less or get a nice hobby.
They just say that you should buy a used car instead of buying a corolla s.

32K
OG Taco with 257K
looking at buying a 06 Corolla XRS for 5700
Yeah nah, I have 3 hobbies, (fixing) Cars, Guns and Amateur Radio.

20-30% of gross monthly income is the standard rule of thumb most financial planners will give you about vehicle costs, and like I said, it's just an estimate

If you live in a city with extraordinary high cost of living, with solid public transit, it could be 5%. if you live out in the country of North Carolina where cost of living is extremely cheap, it could be higher than 30%. How much of a bite something should take out of your budget is always going to depend on a multitude of factors that are directly connected to where you live and what your lifestyle is like.

You should never get into debt to buy a car. End of story.
>Financial advisors.
Why would I let other people handle my finances? Pants on head retarded.

i noticed people who approach their personal finances like a board game, or like they're scared to death of money, rarely accomplish anything of financial merit

it's like a big fat lady who counts calories every day and makes arbitrary, difficult to follow rules about how many carrots to eat every day. it's all feel good posturing that disguises the fact that she doesn't know jack squat about health and isn't learning anything new.

like people who read self help books but never do anything. it feels good to fill your mind with bullcrap, you say "something in here will stick, i just know it!"

these people have spreadsheets and spreadsheets full of expenses and budgets and they're just treading water in the shallow end of the pool.

>Projecting this hard.
>S..some debt is good!

I fully endorse his post.
You're just a pseudo intellectual.

Whatever you say man. I'll continue "treading water" by having no debt sapping up my income, investing a third of my income, and living well below my means.

More is never enough.

Some debt is good, good debt vs bad debt is one of the first things you will learn about if you ever venture into real personal finance

Post is fucking spot on. The fat lady counting calories/doesn't actually know shit about health is an incredibly accurate description, actually made me chuckle out loud

And it transfers because most people don't actually know jack shit about money or finance. It's not taught in school. Unless you were lucky enough to have a parent or a degree that gave you exposure growing up, your working knowledge will be whatever you picked up from pop culture/self help bullshit. People watch shit like Jim Cramer, make a spreadsheet they never use, and never actually make anything of hte money they have

> can only spend the disposable income from three months saved to buy a brand new car

>N..No one on Veeky Forums knows anything about finance because they didn't take classes from some guy making next to nothing.
>N..No one here has every owned their own business and has real world experience.
>N..No one grew up in a home where two multi million dollar businesses went bust due to expanding on debt.
>N..No one who warns people about losing their income stream to debts knows anything.

Sure thing guys.

>parents lost millions of dollars

ahhhhhhhh so you were BORN rich and play with your parents money, you never had to start from the bottom and work your way up, everything you post makes way more sense now

>user doesn't understand the word "lost"
>user has never been homeless
>Accuses me of playing with my parent's money
Lmao.

Max price should be anything you can afford to pay off in 3 years or less

you're a rich boy playing with daddy's money trying to troll Veeky Forums bro. you've been found out, give it up

Lmao.

what a defense

>wish i could be "found out" as a rich boy
>wish i could play with "daddies money"
>wish i could troll Veeky Forums with all the smugness of a rich kiddie
>TFW NO DADDY

have you ever thought that us wealthy people work a whole lot mroe than you do?

imagine working so much you have no free time to devote to enjoying your life

>imagine working so much you have no free time to devote to enjoying your life
my dad is a working class guy and this describes his life. 6 days a week from 3am in the morning to 6pm

not everyone is lucky enough to be handsomely rewarded for hard work

>MFW all you have to do to be called a rich kid on Veeky Forums is to not live beyond your means, work a median income job, receive nothing from parents other than lessons on not expanding with debt, and invest properly.

I could crush the salt market with the debtcuck tears.

>200-250k for an F150
working man BTFO

No, this thing is either autism or trolling. Either that or literally the only thing that matters to this person in his entire life is how large his net worth is down to the dollar when he dies.

Buying a bus is not a small investment, not if you want a decent one anyway.