Hey PF, so here's the situation. I've been working for about 4 full months now and I'm really struggling with grasping how I can afford to get a reliable car.
Salary: $55,000
Roth 401k: 6%
Take-home: $2950/month
Debt: none
Liquid Savings: ~1,500
Breakdown of monthly expenses: image
The only place I can see car+insurance funds coming from is my future savings, which isn't ideal but it's all I've got. I understand that rent is high but honestly in both the cities that I work and live (Jupiter and West Palm Beach), I'm paying below average plus the place came fully furnished so that saved me a bit.
My current car is a '96 Civic (paid for long ago and insured by parents) with ~330,000 miles and while it still runs, it's really struggling. Windows don't open, engine misfires and low pressure in cylinders, burns through a quart of oil every two weeks, rusting, oxidizing, struggles HARD to accelerate.
I'm a huge car enthusiast and a car is so much more to me than just something to get me from point A to point B but I feel like I'm not in a place to get something I'd actually enjoy driving just yet. I'm also completely alone in a new state so I need something reliable because it's a PITA to be alone and have something go wrong with your only means of transportation.
Any advice/budget recommendations? Also as a 22 year old male living in South Florida, I expect to get murdered by insurance.
Submitted January 05, 2018 at 07:56AM by EngineeringStudentt http://ift.tt/2CDgTMv
