(10-30-2020, 09:41 AM)Senor_Taylor Wrote: Add in gas and insurance and maybe that's another $350 a month? I suppose that's alright. That can't be right. I feel like I spend a lot of money on car payments.
And property tax, and maintenance.
(10-30-2020, 09:41 AM)Senor_Taylor Wrote: Are people really out there dropping $800+ a month on car payments when they aren't enthusiasts?
Maybe not $800/mo in payments, but, all of the other stuff adds up - cars are expensive things to own. At the moment I'm content having one of them and I'll be happy when its paid off this year.
The math is a little fuzzy because it includes pre-tax along with post-tax contributions, but something like 30% of income is going into retirement savings the past 2 years.