Forum Discussion

ugh's avatar
ugh
Explorer
Apr 19, 2015

What % of income for monthly payment consider okay

We want to go camping again. Since the accident, we are now ready to go shopping again, but this time we are thinking about Class A instead of TT. That means it will have larger payment and longer ter...
ScottG's avatar
ScottG
Nomad
Apr 19, 2015
K Charles wrote:
I always thought you should pay cash for toys. If you ask our kids about memories, the ones when we had a tent were far more memorable.


Same here and that philosophy has served us very well. Especially when I lost my career job at 50 y/o.
Not spending our disposable income on interest payments to lenders left us with the ability for me to semi-retire and just do work that I enjoy rather than have to live on.

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