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Old 05-09-2006, 09:37 PM   #4 (permalink)
newtx
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I think the biggest expense is what you see taken out of each paycheck. As a fulltime student you probably got back pretty much everthing you paid in. As a single person you won't see much of what they withhold from each check again.
If you can start out with modest housing and vehicle expense you will be way ahead of the game. Housing should be your largest expense with auto costs a distant second. Getting these two reversed usually gets you in trouble. When you buy your first house you have an appreciating asset. A vehicle is almost always a depreciating asset. If you can avoid car notes completely you will be off to a great start. Actually a house may be your only appreciating asset.
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