Forumsee logo
Forumsee » Business » General business » Read message
RSS: Subscribe to RSS

Frugality Check: Are You Spending 5% Of Your Net Worth Or 10% Of Your Income On Cars?

General Discussion Forum - Saving Advice - www.savingadvice.com
Found this benchmark today and thought it is pretty interesting to test how frugal or smart with money you are.

Did you spend 5% of your net worth OR 10% of your yearly income on your car? That's 10% of your total income x1..not 10% of your monthly income. If you make 50k/year..the 10% rule puts you at a $5,000 car.

Total of 2 cars I have is 65k (purchased price).

Definitely did not fit the income rule of 10%, but barely made the 5% net worth.
Date: Jan 9, 2017   


Last videos:

barcode scanner isnt dead
barcode scanner isnt dead
We have taught people to enjoy spending instead of saving.
We have taught people to enjoy spending instead of saving.
My 20+ Success Mantra or Tips Of Every Young Entrepreneurs
My 20+ Success Mantra or Tips Of Every Young Entrepreneurs
Promotional video
Promotional video
Is your business ready for Black Friday?
Is your business ready for Black Friday?
Our thumbs up is a step up for your business! Get yourself tried, tested and trusted
Our thumbs up is a step up for your business! Get yourself tried, tested and trusted

Cars ·
Travel ·
Pets ·
production-frontend