So you have an extra $112k? In reality I put $3k down and traded in my old truck for another $5k and financed the other $24k. Point stands vehicle and housing prices have gone insane since then as well considering they want $50k now for the same trim with a lesser engine.
What % of your takehome pay are you spending on living expenses?
- Thread starter deadeyededric
- Start date
Time to bring back the El Camino.
the El camino was the ultimate "yep, he's from iowa" car of all time haha.
I just did the math after reading this thread.
Our mortgage is roughly 27 percent of our take home income.
That does not include utilities, gas, groceries, daycare, car payments, car insurance, etc. When you add all that in, it takes up about 65 percent of our take home income.
We do not have a fancy house or fancy cars. Our grocery bill is less than $500/month for three people. We do not have money for big vacations (weekend roadtrips are about all we can manage). I feel like we live a pretty basic but mostly comfortable life. Still, I wonder what I'm doing wrong when I see people go on 4-5 big vacations a year.
Our mortgage is roughly 27 percent of our take home income.
That does not include utilities, gas, groceries, daycare, car payments, car insurance, etc. When you add all that in, it takes up about 65 percent of our take home income.
We do not have a fancy house or fancy cars. Our grocery bill is less than $500/month for three people. We do not have money for big vacations (weekend roadtrips are about all we can manage). I feel like we live a pretty basic but mostly comfortable life. Still, I wonder what I'm doing wrong when I see people go on 4-5 big vacations a year.
I like to remind myself of the stat that, as I recall, 7 out of 10 people pay credit card interest and never pay off their card(s).
"Take home pay" may be a big part of it. A lot of people don't save for retirement, while others save more than their mortgage.
Man I can only dream of the **** I could do or buy if we werent maxing out two 401(k). We have been able to take some nicer trips now that we are done contributing to 529s.
I would've had a Ford Raptor, a couple of jet skis, bitchin' boat
And then complained that I was living paycheck to paycheck.
Just be glad you aren't carrying their CC debt. Some may have the cash others may not.
