Quote:
Originally Posted by mav1178
Because "$700 left for mods" sounds like you're scraping the bottom of the barrel...
What is your monthly disposable income situation like, after you've accounted for car payments, insurance, gas, and other regular maintenance items for the car? If you are barely breaking even, then save it for car payments.
I don't know about you, but my car mod budget is month to month, and every month I don't spend anything means it carries over to the next... or I just use it on something else, or save the money, or invest it. My budget is large or small depending on how long/short I wish to save up for.
-alex
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I had no lien on my jeep, I sold it for 17k, I put $14,104.47 down on a $22,000 dollar car, and am financing $7,500 at 3.48% apr. For a 48 month loan I'm paying $165 and $88 for insurance, and kept $2,895 cash from the deal to pay tax and title, credit cards, and mods. I don't think I'm scraping the bottom of the barrel at all.
After mortgage, utilities, hoa, car, insurance, gas, and groceries, I have $625 a month disposable. I'm currently in a contract to hire position that is up in 2 months and I already know I'm getting the job, and my wife is waiting on her work documents. Our income is going to increase significantly over the next months. I'm really not stretching myself terribly thin as it is.