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Car payments

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  • Car payments

    Hi, Im in my mid twenties and living with my parents. I was out on my own for a few years but a break up brought me back home. I really want to move out but I have a $300 per month car payment looming over my head. Should I save money and pay off the car sooner (which Im able too without penalty so I can free up $300 towards an apartment.

    I also want to save up to get a new Mac laptop, Im planning on taking online courses in Adobe Illustrator and Photoshop. Should I hold off my these plans until the car is paid off?

  • #2
    Sorry but more questions to define issues.

    Will taking the online courses [Adobe Illustrator, Photo Shop] increase income or potential for a better, more advanced job?
    Is it more correct to classify these courses as hobby or general interest? On the same theme is it absolutely necessary to buy a new Mac or would a gently, pre-owned Mac perhaps one or two years old do?

    How many payments remain to be paid on the car? What percentage of take home [net] pay is required for car payments? Have you bought a car you can't afford? What is the current KBB value of the car? What do you owe?

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