Oct 3, 2022
3:02:22pm
3:02:22pm
OK. That works out to about the following:
Approx biweekly paycheck: $10,150 cash after taxes/deductions
House Payment: $4,500
Car Payment $3,208 (assuming $170k 5% interest for 60 months)
Student Loan payment: Probably $400/mo or so, but could be higher depending on interest, lets say $1,000/mo to be conservative.
So about $21,900/mo cash in pocket
House/Car/Student Loan expenses/mo: $8,708
That leaves $13,192/mo for other expenses: medical, food, entertainment, travel, insurance, etc.
If tney are living paycheck to paycheck, it is not because of the house/car/student loan.
House Payment: $4,500
Car Payment $3,208 (assuming $170k 5% interest for 60 months)
Student Loan payment: Probably $400/mo or so, but could be higher depending on interest, lets say $1,000/mo to be conservative.
So about $21,900/mo cash in pocket
House/Car/Student Loan expenses/mo: $8,708
That leaves $13,192/mo for other expenses: medical, food, entertainment, travel, insurance, etc.
If tney are living paycheck to paycheck, it is not because of the house/car/student loan.
Originally posted on Oct 3, 2022 at 3:02:22pm
Message modified by Thrill on Oct 3, 2022 at 3:22:18pm
Message modified by Thrill on Oct 3, 2022 at 3:22:45pm
Message modified by Thrill on Oct 3, 2022 at 3:23:25pm
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