After all bills are paid when is it ok to finace "toys"?
September 16, 2009 6:08 AM Subscribe
When is it ok to finance "toys"? We have a budget, all bills are paid, we are saving a set amount every month, the only debt we have is our cars and house. No credit cards. Each month we have about $900 left over. Between the both of us, we have a wish list including: a four wheeler, a vacation and cosmetic home improvements. Facts and opinions welcome. Should we save til we can pay cash? Or is it "ok" to finance, some or all of our wish list?
posted by kgreerRN to Work & Money (32 answers total) 2 users marked this as a favorite
If you really want a monthly break down here it is:
allowance: 1600 (gas, entertainment, groceries etc)
left over: 900
18,000 total left on vehicle loans