WRX
Put the rest into RSP's
If I'm 25 and making 55k/yr *after* taxes (and have a 23k emergency fund)...
Camden Mitchell
Andrew Richardson
>6969
heh
Bentley Hill
You should have a minimum of 30% of your income not committed to obligatory bills (mortgage, utilities, health insurance, car insurance, car payment, etc.).
Just money that you can put towards whatever you want every month (emergencies, fun money, vacations, savings, etc).
You should have 5-15% going towards savings/retirement alone.
So, $55k after taxes...
Maximum of 70% towards bills is $38,500 a year, that's $3,200 a month.
Minimum of side money is $16,500 a year, that's $1,375 a month.
Subtract your monthly bills from your $3,200 (or different number based on your % comfort level), then take into account the monthly payment, insurance premiums, fuel efficiency, and repair costs of a desired vehicle.
Chase Long
>So, $55k after taxes...
>Maximum of 70% towards bills is $38,500 a year, that's $3,200 a month.
lel that 3200 is about what 55k is after taxes a month.
how are yall so shit at math
Easton Edwards
>96969
Hail Thoth
OwO
Ayden Reed
OP says in the initial post it's 55k AFTER taxes
>you
>reading
Isaiah Gray
This guy understands adulthood
.
>what am i doing?
Dominic Richardson
>Camaro
>Storage capacity
Sure, it's got a lot of space on paper, but you have to be able to fit shit through the tiny porthole. The ND Miata has a much more practical trunk.
Sebastian Bailey
What items would you be trying to fit in a Camaro that would make it's trunk less practical than a Miata?
youtube.com
Jeremiah Ramirez
a gun case