Car Worth Vs. Yearly Income


Car shouldn't be over 35% of a years income and house should be about 2.5x a years income and you will not have financial issues.
Since I don't have a job right now, if I were to buy another car...

I remember looking at some of the houses in my neighborhood a few years ago when they were just built. Seeing houses sell for more than they were worth and two brand new $50K+ cars in the drive way.
I knew they couldn't afford all that and I didn't know how much they made. A few years later... foreclosed.
 

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