Re: How much to spend on a nice first car?
120 less say 30 for taxes= 90. then 30 for next years expenses. leaves 60 for your net worth plus what you had before. how much of that is going for a car. you made a nice score. bank it and let it grow. or spend it and later find a way to earn more.
i cant see ever spending 20% or more of what you got on a car or anything that depreciates.
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