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re: If you need a loan or credit…you can’t afford it!

Posted on 7/9/23 at 5:25 pm to
Posted by LoneStarRanger
Texas/Europe
Member since Aug 2018
2404 posts
Posted on 7/9/23 at 5:25 pm to
quote:

Cars, trucks, tuition


These are acceptable to take loans out on imo. Just don't buy out of your price range on cars. Try and keep your payment under $300/mo

Tuition...stupid expensive. Nobody can afford it. But most people don't need to go anyhow (English majors, women's studies, theater, art, history, et al)

Most other things, I can understand your argument, to an extent
This post was edited on 7/9/23 at 5:28 pm
Posted by High C
viewing the fall....
Member since Nov 2012
54035 posts
Posted on 7/9/23 at 5:40 pm to
quote:

Just don't buy out of your price range on cars. Try and keep your payment under $300/mo


Have you bought a vehicle recently?
Posted by jcaz
Laffy
Member since Aug 2014
15732 posts
Posted on 7/9/23 at 7:24 pm to
quote:

price range on cars. Try and keep your payment under $300/mo

Some of you really need to run some numbers. With current interest rates, $300/month might get you a 100k mile mid size car with a 5 year repayment term. Sure it’ll get you from point A to point B but that’s bare minimum.
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