Jerry Johnson wrote: > Add $100-$250/month for car insurance. (or the $390 I was expected to pay for > a few years in my 20s) >
Ahh. Boston the only place in the US where car insurance is more expensive then NJ. I feel your pain. But if you think about it for a second. If you need to save 14K a year; that is basically $1167 a month without the benefit of any investment returns. Putting that 1K in a savings account can yield you at least 1%. And $1167 is the average. Let's say you get 2 paychecks a month. You just need to save 1K a month and you are more then 80% of the way there. I think that is within reason if you don't have a kid. And the 100K number isn't important. I just wondering if having 100K in cash is a realistic goal of someone 30 years old. You would have 100K but Cameron is right. It doens't really mean anything. PS 3000 / yaer for 7 years means you get a 21K car. A 21K car, I've been told, is substantially better then a 15K POS. I accidentally used 5 because that is the life of most car loans. -- 2004 - The year $184M couldn't buy a pennant. Ron Artest: Extremely flawed, very accidental, semi-martyr ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Discover CFTicket - The leading ColdFusion Help Desk and Trouble Ticket application http://www.houseoffusion.com/banners/view.cfm?bannerid=48 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:143272 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
