Keeping Up With The Joneses: Are You Living Above Your Means?

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You Make Large Purchases (car, condo) That require Monthly Payments  Equivalent To Your Monthly Income

Say you earn $2,000 in monthly income. Ironically, your car note and rent takes up 90 percent of that. Who are you really trying to impress? If you can’t afford it, don’t buy it. Your monthly bills should reflect your monthly salary. If you’re making used car money, you should be driving around in a used car, not in a 2012 joint.

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