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New college grad, can I afford a new car?
New college grad, can I afford a new car? Hi! I (21M) am a college student graduating soon, and I will be earning a base salary of 96K per year in a MCOL area (Ann Arbor, MI). I’m wondering if I can afford a new car. Here’s where that money will go roughly: - Taxes: $22K - Housing: $22K - Retirement: $13K (6K simple IRA including company match + 7K Roth IRA) - General/Emergency Savings:...
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