Sage

Also... never spend your last $10 on pizza and vodka!

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NoSoup

Isn't this the fellow that advocates never borrowing any money for anything?

Perhaps I'm biased (I'm a loan originator) but I definately believe in the power of leverage...

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I have an aura of reliability and good judgement.

Just in case you were wondering...

StormBerlin

I don't really feel like reading this entire thread, but i think most of you are telling him to buy the car because he can afford it. I'm going to say, put that money into a high return mutual fund and save for retirement. *shrug* do you NEED a brand new car? no. are you going to need money for when you retire? most likely not if your job is stable enough but you never know. pay yourself first. there's no such thing as too much money when you retire. just give it a few more years of driving a shitty car. then buy a new one.

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"if anal sex could get a girl pregnant i'd be tits deep in child support" Arcane

cyrnel

Sure, when you have both sides of the equation under control. Fresh out of school just putting a budget together is rarely that time and more likely starting down the financial dark side. That's what Ramsey tries to help prevent.

I'll go along with the others and say hold for a few months. Get the job under your feet and let your checking account stabilize plus a bit of savings. Also, if you know a move is imminent, don't expect your rent and living expenses to stay low. Rents are wildly different across the country. If your employer doesn't regionalize pay upward you could be in for a rude surprise next time first+last+deposit comes due. When I left silicon valley a small place plus utilities started at about $1500/mo.

Oh, and CONGRATULATIONS! First real jobs are very cool things.

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There are a vast number of people who are uninformed and heavily propagandized, but fundamentally decent. The propaganda that inundates them is effective when unchallenged, but much of it goes only skin deep. If they can be brought to raise questions and apply their decent instincts and basic intelligence, many people quickly escape the confines of the doctrinal system and are willing to do something to help others who are really suffering and oppressed." -Manufacturing Consent: Noam Chomsky and the Media, p. 195

CaliLivChick

I noticed you put $10 for TV... does that include cable/satellite, or is that the payment you make for the TV? I pay $50/month each for cable and internet, so that's something to think about.

Also, it was mentioned once, but I don't know if it stood out well enough - car registration should be budgeted for monthly. Also, oil changes, tire rotations, new tires, tune-ups, any unexpected maintenance (which savings should be able to take care of, as that's one of the reasons it exists), and if you have AAA, or any other things that are paid for annually, those should also be budgeted for monthly, so when it comes time to make that annual payment, you've been saving up for it all year.

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Don't trust anything that can bleed for a week and not die. Oh wait, that's me... nevermind... you can trust me.

mokle

Looks like you've got a good idea of what to expect, which is good

Just wanted to say, be thankfull you're not in Canada, where you can look forward to upwards of 40% of your pay going to taxes

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Mokle
"Your hands can't hit what your eyes can't see" -Ali