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Checking Your Finances

It is important to consider all possiblities before making the
enormous step into purchasing your first car. There are some
areas the you need to think about before making your
final decision. First is your finances.

Be sure to think before you buy!

What can you really afford?

(per Month)

How much of your money goes toward paying bills?

      Examples:
      1. Morgage
      2. Credit Cards
      3. School and/or other loans
      4. Utilities

How much leisure spending money do you need?
How much do you put aside for savings?
How much is can you afford for insurance?

In order to assist you in creating a budget, using a budge calculator can be a very useful tool. Below is an example of a budget calculator that will help you to decide how much you can afford to spend on your first car. BE SURE to leave yourself some wiggle room incase of unforeseen emergencies.

Good Luck!

Click here for Budget Calculator

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