wtfuzz
Member
Because you’re setting yourself up with a high debt:income ratio. Want to move out of your parents house before you pay off the car? What if you lose your job? Going to school? Unforeseen medical issues? The list goes on...
As someone who made fairly poor financial decisions when I was younger, my advice is to save your money. We like to keep over a years salary on hand at all times in liquidity on top of investments and savings. There’s no room to buy toys for us as long as we’re close to that watermark.
As someone who made fairly poor financial decisions when I was younger, my advice is to save your money. We like to keep over a years salary on hand at all times in liquidity on top of investments and savings. There’s no room to buy toys for us as long as we’re close to that watermark.