personal finance

personal finance
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Storyboard Description

it sucks

Storyboard Text

  • Hey man I keep trying to buy a car but I dont want to end up giving it up if I cant make the payments 
  • maybe I can help you out.
  • No I haven't what is it?
  • have you heard of the 20/10 rule?
  • then how much debt can I be in monthly for my 5,000 car if only make 27,000?
  • its a credit rule that your debt cant be any more than 20% of your annual income 
  • well, that's going to take forever .
  • well, monthly you would have to end up paying 450 dollars a month towards it. 
  • 27,000/12 =2,250 *.02= 450 
  • True thanks man. 
  • but at least you'll afford it and you wont loose it.
  • no problem....
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