Hiya
I came across a very interesting post by Mr Financial Samurai recently. (i love his blog) . While it may be US-centric, i thought it was very thought provoking...
It says the max amt one should spend on one's car(s) is 5% of your net worth.
Eg if your net worth is 1 million, you should spend max 50,000 on your car(s).
Based on this, i find i should give myself (or rather my hubby )a big boost
What is your situation? Care to share?
I came across a very interesting post by Mr Financial Samurai recently. (i love his blog) . While it may be US-centric, i thought it was very thought provoking...
It says the max amt one should spend on one's car(s) is 5% of your net worth.
Eg if your net worth is 1 million, you should spend max 50,000 on your car(s).
Based on this, i find i should give myself (or rather my hubby )a big boost
What is your situation? Care to share?