Who cares about $700 a month without regard to income? I have a $715 monthly payment on my F-150. I had $25,000 cash available to put down, but I didn’t. Inflation is WAY higher than the 1.9% interest rate on the truck note. $715 a month represents 10% of my monthly take home. I’m not exactly eating Ramen to afford this truck. Since I bought the truck, that $25K I didn’t put down is now worth almost $40K.
For most of you guys making $20K in social security every year, $700 must seem like a lot, but to those of us still in the work force (and not flipping burgers), it’s an arbitrary number.
Who cares how someone else spends their money.
Intellectual honesty is the most important character trait in human beings.
