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Old 11-03-2011, 09:21 AM
 
Location: AZ
741 posts, read 1,325,824 times
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We have lived both ways..on a 100,000/yr income and on a 30,000/yr income... It's all relative and no matter how much money we (my hubby) is making..we are always broke
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Old 11-03-2011, 08:38 PM
 
146 posts, read 255,799 times
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Never lease a car. Leasing is renting. You make monthly payments and at the end you still don't own it. If you bought a 35K car with financing and not leasing, in 3 or 4 years you'll own the car, which at that time might be worth 22K, depending on the milage. You can continue driving it, or trade it in for another car. If the new car is 40K, you'll finance only 20K, because you traded in your old car.

Pay attention to where your money is going. You can use credit cards but pay them in full each month. Have a monthly budget of how much you want to spend on groceries, eating out and entertainment, purchases and etc. Add up your receipts every night, so you're aware on daily bases of your total spending. 100K a year is a lot of money, and you can easily save a good chunk of it if you kept track of your spending.

Last edited by justnice; 11-03-2011 at 08:50 PM..
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