We see the crazy budget calcs that should your rent/mortgage should be like 30% or whatever of your income. I asked my small circle of friends, what percentage of their base salary (gross before bonuses) was their latest car out the door price.
One of them said 105%. Seriously, bought a truck for over $100K and barely makes that much.
Mine was 17%. I feel good about that. 105% is almost criminal.
We see the crazy budget calcs that should your rent/mortgage should be like 30% or whatever of your income. I asked my small circle of friends, what percentage of their base salary (gross before bonuses) was their latest car out the door price.
One of them said 105%. Seriously, bought a truck for over $100K and barely makes that much.
Mine was 17%. I feel good about that. 105% is almost criminal.