<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > $15,500 Lighter

$15,500 Lighter

February 28th, 2008 at 02:57 pm

I got a brand new Toyota Yaris Sedan sitting in the drive way. The money scale says I'm $15,500 lighter. I put $4500 down and got an $11,000 loan for 3 years at 5.55%. I'm looking to pay it off in 12 months with payments of about $1000 a month. On top of our refinance mortgage at $1700 a month, we'll need to tighten our belt a little bit. The other big hit is the extra $80/mo for insurance. Our take home pay is about $4600, so we still have $1800 for regular expenses, but it will be interesting to see how we'll manage.

BTW the Yaris is a nice little car. 35 mpg, so we'll save some on gas.

Posted in Uncategorized | 2 Comments »

2 Responses to “$15,500 Lighter”

  1. mom-sense Says:
    February 28th, 2008 at 03:06 pm 1204211186
    1204211186


    Our take home pay is $4500, we have a $1750 mortgage and run a household of seven plus two dogs and turtles and are tackling debt. We also save for retirement and education. It can be done creatively! Good luck.

  2. noexcusebudget Says:
    February 28th, 2008 at 08:16 pm 1204229805
    1204229805

    You can definately do it. Deciding to do it is the hard part and you've already tackled it! If you can bring in extra money doing odd jobs, and remember to look at everything you spend money on as an opportunity to save... you'll really be doing well! I can't wait to see you pay off the car in 12 months! Great goal!

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]