Savings Corner
DECEMBER 25, 2023
Edmunds recommends that a new car payment be no more than 15 percent of your monthly take-home pay. A used car payment should be no more than 10 percent, but that number varies by expert. Specifically, weigh buying in cash — and possibly eating into or wiping out your emergency fund — versus making affordable payments over time.
Prairie Eco-Thrifter
OCTOBER 21, 2012
Trying because there might be something wrong with the items, when there is a salesperson involved (such as at a used car lot), at the flea market, and so on are all great places to practice your negotiating skills. Specifically, how important emergency fund planning was for a couple with a veterinary emergency at their home.”
Family Balance Sheet
FEBRUARY 4, 2015
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.
Expert insights. Personalized for you.
52 
Let's personalize your content