05-29-2009, 10:26 PM | #67 |
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05-29-2009, 10:46 PM | #68 |
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They don't. That's why they are FTW, because they constitute more than 1/2 my income. I said bonuses FTW because my car payment is 15% of my base salary income. That's a lot when you're paying 12K a year in student loan repayment.
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05-29-2009, 11:20 PM | #69 |
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05-30-2009, 12:50 AM | #70 |
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05-30-2009, 12:53 AM | #71 |
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um...doesn't look like you make much either if the 335 is 15% of your income, why bashing the op? unless your bonus is more than 20% of your total income, then your bashing start to make sense.
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05-30-2009, 01:38 AM | #73 |
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Haha this thread became a total show off thread!!! Hahahaha
Internet is the shit! |
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05-30-2009, 02:10 AM | #74 |
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Why would anyone care how much anyone else makes? It just doesn't matter unless you feel you are underpaid and doing some sort of comparative analysis as a precursor to salary bargaining. Of course, this isn't a particularly good website to get that sort of information.
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05-30-2009, 04:05 AM | #75 | |
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Now on the other hand, my 545 is about 28% of my monthly take home. I dont make a whole lot of money. Im still a student and still live at home. My only major expenses are my car, car insurance(which is a bitch, let me tell you. i got a total of 6 points on my license now, i cant wait to see how much its gonna cost now...) and cell phone. I also pay for whatever else financial aid doesnt pick up for school. I think right now, it is ok for my car to take up 28% of my take home but in the future when i have real expenses to take care of, i dont think i would want my car to take up a full weeks pay check plus a little. |
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05-30-2009, 08:10 AM | #77 | |
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What's the financial rule for percentage of monthly income to be attributed to a vehicle? Does anyone know? |
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05-30-2009, 08:40 AM | #78 |
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$60K in a state like Georgia is more than enough. $60k in a state like Cali? You'll probably need roommates.
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05-31-2009, 06:18 PM | #79 | |
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iirc financial planners say 10% ish |
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05-31-2009, 06:37 PM | #80 |
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05-31-2009, 08:20 PM | #81 |
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True that. Cost of living in some states is outrageous, where as some states it's easy.
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06-02-2009, 04:40 PM | #82 |
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geez, i guess i was wrong to make this?
btw i know this is website that consists of bmw owners but some of you guys must be very well off. i bring home 3k a month. 700 goes to rent every month (1/2 split with my roomy) and 6-700 will go to m3 payments (assuming everything goes according to plan). that leaves me with, lets say 1500 left over. cell phone bill, insurance, food and gas, goin out money, etc and hopefully a couple-few hundred to stash up and save. thats fine by my standards for the moment. i just started working at a new company with room for growth so hopefully my income will increase in the span of time. AND I WAS NEVER BRAGGIN ABOUT WHAT IM TAKING HOME regardless of the bashing. of course 3k a month isnt anything to brag about but in these times i think its fairly decent for a twenty something year old with no mouths to feed but his own. but thats just me. |
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06-02-2009, 04:46 PM | #84 | |
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06-02-2009, 04:51 PM | #85 | |
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I hope i didn't come across as trying to tell you what to do with your money. I've just seen too many people start doing well, then one hiccup *ucks everything up. If you make it a point to save alot while you can, you can ensure that you will always have your current lifestyle. |
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06-02-2009, 05:02 PM | #86 | |
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06-02-2009, 05:55 PM | #87 |
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lyndon_h, armybimmerdude, thanks guys. i appreciate the words of wisdom.
even if i do purchase the m3 it wont be until around september. so ill see how my finances work until then on a monthly bases (see how much i have to spare, save, etc). if i feel i do want to splurge and get a m3, and i feel it is overwhelming i plan on taking it back to the dealer afterwards. i do however look at purchasing a car (especially this one) a long term investment. although it wont increases in value, it prolly wont go beneath half its value either. plus, i need a car come november so i figured if im gonna have to invest in a car i might as well edge out the extra 10-15k to get what i really want+prolly have more resell value in the future. thats how im lookin at it anyway. not sure yet f ill get one or not. but i did take in perspective what you guys had to say. thanks guys |
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06-02-2009, 08:35 PM | #88 | |
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You'll have plenty of time to get an M3 later in life. That's my honest opinion. Again, not bashing here.
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