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Am I going about my finances properly? (Advice for a 25 year old)
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So to lay out the stats I’m 25, my annual pre tax salary is 75k, and I have about 20k in savings

Basically I’m doing my real venture in being independent and I’m wondering if I’m going about this properly.

I’m buying a new car and the dealer offered me $569 monthly payments over 72 months (I’m going go discuss the APR today with them) and the car is a Nissan Sentra SV the listed price on their site was $22,885. After going there and talking the final price was about 25k with 7k down

With this in a mind I did a rough calculation about my months expenses when I start renting a apartment next month and I concluded after paying everything I’ll have about a lil less than half my monthly income left. I get paid 2x a months so I’d have a lil less than half that second monthly check

I don’t have much of a frame of reference and wanted outside views on if this sounds about right for someone my age/salary range or am I being ripped of/making a mistake?

And if it mattered I’ll be able to put about $1,000 away into savings every month from the money I have left after all my expenses

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2 years ago