An exerpt from The real reason you're broke By Liz Pulliam Weston
"They may be spending 15% to 20% of their (take-home) pay on just the car payment," said Thompson, who supervises credit counseling for the nonprofit Family Foundations, "and that doesn't include insurance, gas, maintenance and all the other costs of owning a vehicle."
lets see... why am i in debt... my car...
300 month payment... 100 for insurance... 200 for gas and maint.... $600 a month!!!!!! ouch 30% of my income...... eeeeekkkkkk....
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