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Can I Afford it?

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  • swaymonae
    replied
    Added!

    Leave a comment:


  • kork13
    replied
    I agree, that would be a fun set of threads--maybe it could be added as a separate section within the Personal Finance forum.

    However, a couple more things you haven't told us that normally is needed.... Age, and monthly income. Without age, income, debts, savings, and retirement savings, it's hard to give a definite answer.

    Leave a comment:


  • swaymonae
    started a topic Can I Afford it?

    Can I Afford it?

    I thought it would be interesting to have our own Can I Afford It? on savingadvice.com

    So, if there's something you want to buy, and wonder if you should or not -- post what it is, it's cost, importance to you and show us the money!!

    Other viewers, please critique each person respectfully.

    Just to start things off, I will go first.. I already know I'm denied but I just wanna jump things off...

    I would like to buy:

    a new Laptop for at least $1,200 - I don't have one and I'm pretty sure my desktop is going to die on me any day now!!

    Here's the money:

    Age: 24
    Monthly income: $3,000 take home
    Rent: $1,000
    Car payment $360, - $15,000 bal. @ 11.99 percent
    CC's: $5,500 @ 3.99 percent
    Roth IRA: $1,275
    401k: $8,600
    Savings: $7,880

    How would I be paying for it?

    I would save up for it! But I really need to put all that money towards CC debt. I know
    Last edited by swaymonae; 04-13-2009, 12:26 PM.
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