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<blockquote data-quote="MatMan" data-source="post: 914378" data-attributes="member: 6664"><p>Where did you go to school if I may ask? And what is your career field?</p><p></p><p>Today's youth are racking up far higher bills, so although ~30k is not much relative to others, it could take you some time (decades, like many others) to pay that off. it took me 10 years after I graduated to pay off my remaining college debt (10k), but it was pretty much interest free so no harm, but still a drain on living expenses.</p><p></p><p>I'd say hold off on the raptor unless your career field is very generously awaiting your arrival with a well paying job ($60k plus to start). In your situation your probably looking at $6-800 raptor payment and another $3-500 in fuel+insurance and registration fees each month.</p><p></p><p>Personally I'd start out with a used but reliable compact truck or (cough) even an economy car (I rolled in a Honda Accord) until the money starts flowing in and your career takes off.</p><p></p><p>You should spend no more than 28-32% of your income (not take home pay) on debt (excluding rent/housing, utilities, and living expenses), so if you can still make it work and stay under that number, your Ok.</p><p></p><p>Obviously no debt is the ultimate level of independence.</p></blockquote><p></p>
[QUOTE="MatMan, post: 914378, member: 6664"] Where did you go to school if I may ask? And what is your career field? Today's youth are racking up far higher bills, so although ~30k is not much relative to others, it could take you some time (decades, like many others) to pay that off. it took me 10 years after I graduated to pay off my remaining college debt (10k), but it was pretty much interest free so no harm, but still a drain on living expenses. I'd say hold off on the raptor unless your career field is very generously awaiting your arrival with a well paying job ($60k plus to start). In your situation your probably looking at $6-800 raptor payment and another $3-500 in fuel+insurance and registration fees each month. Personally I'd start out with a used but reliable compact truck or (cough) even an economy car (I rolled in a Honda Accord) until the money starts flowing in and your career takes off. You should spend no more than 28-32% of your income (not take home pay) on debt (excluding rent/housing, utilities, and living expenses), so if you can still make it work and stay under that number, your Ok. Obviously no debt is the ultimate level of independence. [/QUOTE]
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