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How Much Car Can I Afford?

Savings Corner

Experts typically recommend spending no more than 20 percent of take-home pay on a car. That should include the cost of car payments , fuel, insurance and more. Determining affordability requires balancing your vehicle needs and budget. But you will own the car and be able to sell it if needed.

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Carnival of Personal Finance #384 – Time for a Laugh Edition

Prairie Eco-Thrifter

Editors Picks: Big Cajun Man from THE Canadian Personal Finance Site shares 10 Phrases I have Used to Save Money. Really, we should all carry a cue card in a our wallet that we can just whip out and use anytime we have an opportunity to save money. Ratchet up your savings rate every time you get a raise.

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Shannon & Her Husband Paid off $22,000 in 9 Months

Family Balance Sheet

I wasn’t comfortable keeping only $1,000 in an emergency fund with two little ones and just one income, so we didn’t follow that part of his plan. We also continued using debit and credit cards (paid in full multiple times per month) for the convenience of tracking our expenses online.

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