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A car is unaffordable on 30k a year, after taxes, insurance, and rent. Think about it. Taxes/Medicare/SSI chops of 30%, you're left with 21k. Rent is 500 a m
by nickthemagicman 9y ago
A car is unaffordable on 30k a year, after taxes, insurance, and rent.
Think about it.
Taxes/Medicare/SSI chops of 30%, you're left with 21k.
Rent is 500 a month in a cheap city with a roomate, youre left with 15k.
Utilities are 100 a month with a roomate, that leaves you with 13000ish.
Food and ALL OTHER living expenses including clothes, transportation/gas, etc are (living frugally) 250 a week.
That leaves you with 1k a year...