So I have a 2005 Saab 9-2X aka a Saabaru with a bit under 100k miles. It's great in snow since its a Subaru and AWD but the A/C is broken and the hatch-back is stuck closed lol. I plan to take the car apart and fix those things myself this summer. Also doesn't get the best gas mileage but gas is cheap now. this car is completely paid off so I decided to get my dream car a 2013 Toybaru since I found a great deal on one with 35k miles
My Monthly Income 3100
Rent* 800 per month in the fall but I am saving that now for the next 4-5 months since I am living at home this summer
Car Loan: $250 per month at 1.9% for 60 months but paying $400
Insurance: $200 for both cars. I am going to shop around because I could probably get a bit better deal
Gas: $120 per month
Utilities Estimate: $120 for electric and internet
Food/ Groceries: $250
Roth IRA: $400
Savings: $300
I spend the rest on eating out, drinks etc. Don't buy too many clothes or video games anymore.
I know a lot of people will say its dumb to spend so much on cars but It is most of my entertainment budget. I plan to keep both cars for a long-time and I do some of my own maintenance. I enjoy fixing my cars and it will be easier to fix one or upgrade it myself if I have another option to get to work. I spend a few hours each day reading and learning about cars
Before I get crucified I have no student loans and a trust fund worth $300,000 (higher but conservative because its mostly stocks) that I plan to use a portion of as a down-payment in 5-7 years towards a home. My parents will help me get my MBA or masters but I will take classes at night and keep working full-time.
I have an emergency fund of $4000 which I will be bumping up and then start contributing to my works 401k which doesn't match
Thanks to /PF I was able to budget and buy my car now while I am young. Who knows maybe they won't even make manual trans cars in the future?
Credit score is at about 780 and trying to get to 800+ to do churning and get the best interest rates on a house in a few years. I live in Boston so high COL
Submitted March 31, 2017 at 11:53AM by HerefortheTuna http://ift.tt/2nSHfSG
