For many people, a nice vehicle is 'the thing' they've always wanted. Many people I know seem to spend as much as they can afford on a vehicle, it's part of th

For many people, a nice vehicle is 'the thing' they've always wanted. Many people I know seem to spend as much as they can afford on a vehicle, it's part of the personality somehow. On the one hand, I can't really identify on spending so much money on something with so little utility. On the other hand, why are we making all this money if not to spend it on the things we desire? Before the world shut down, I was spending between $5-$10k per year on travel, but I have no vehicle payments and that represents (a good bit) less than 10% of my annual income. The problems really on start when you want to do both. If you need to have a new vehicle and travel, and whatever else, you're going to over extend.