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Old 03-19-2013, 11:12 AM   #52
Hix
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Not sure why you have a BS in Computer Science and only make 2,400 a month. You need to start shopping jobs. In computers I would think 60k being the bottom of the barrel, slightly above retail job.

To the point. The rule of thumb has always been get a car worth a maximum of half your income and a house worth a maximum of double your income. This can still get people in to lots of trouble but it is a good starting point to work from. Personally I like the rule of getting a house that you can pay off in 5 years without struggling and a car that you can pay off in less than a year if needed.
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