babyishcare
New member
I've heard the rule of thumb about your rent should be no more than 30% of your monthly take home.
I was wondering about vehicle purchase (or lease), is there a good rule of thumb maybe expressed as if you make $x take home annually, you should spend no more than some percentage of that x as the total vehicle cost. And your monthly payment with interest should be no more than some percentage of your net monthly take home.
Any advice is appreciated, thank you!
I was wondering about vehicle purchase (or lease), is there a good rule of thumb maybe expressed as if you make $x take home annually, you should spend no more than some percentage of that x as the total vehicle cost. And your monthly payment with interest should be no more than some percentage of your net monthly take home.
Any advice is appreciated, thank you!