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3 Things You SHOULD Spend Money On (Even During a Recession)

Money Guy Show

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Buying a Car

When it comes to buying a car, we think you should subscribe to our 23 eight rule. You got to put 20 % down on the car,. You cannot finance it for any more than three years, or 36 months. Your total car payments across all automobiles that you own, cannot exceed more than 8% of your gross monthly income. And then if it's a luxury vehicle, i want you pay almost same as cash. That's to keep your your big eyes on how much you can afford in check.

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