Correlation between cars and finances

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Forum -> Household Management -> Finances

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Ima_Shelli

Sun, Nov 27 2022, 10:21 pm

Wow so many people on this thread making upwards of 250k per year! Kah.

amother

Cinnamon

Sun, Nov 27 2022, 10:36 pm

We make a combined $160,000 and must have two cars because we live OOT and have lots of carpools for the kids and both need to get to work:

2016 Sienna, bought used in 2019. So happy we replaced our older minivan before COVID! Will be done paying off the auto loan in less than a year.

2009 Camry, may it live and be well for many more years. We bought it in 2010 and finished paying it off a long time ago.

amother

White

Sun, Nov 27 2022, 10:58 pm

Income about $80,000

FIL gifted us a new sienna back in 2014....bH!

amother

Teal

Mon, Nov 28 2022, 12:44 am

amother Molasses wrote:

Lemme guess
Your dh drives the Tesla?

We have similar cars and no, I drive the Tesla.
Why do you make such assumptions?
I work in tech and appreciate the Tesla more than him. His work is messy (construction) and therefore he drives an older car that he doesn't care to ruin.

amother

Magenta

Mon, Nov 28 2022, 1:11 am

Income a bit less than $200,000 pre-tax.

One car: a 2018 Honda Civic.
Family of five

amother

Broom

Mon, Nov 28 2022, 1:31 am

amother Lightblue wrote:

You meant $1,000,000 not shekel, right?

Yes Baruch Hashem it was not a mistake and it was dollars. We struggled for many many years so we have really grateful for our income and we certainly do not take it for granted so we really do put away a very large amount into savings for the future. Our budget is way less than what we are making and honestly I don't want to ever have a super crazy lifestyle. I literally own one piece of jewelry the ring I get engaged with. Everybody has different priorities in life. We have definitely made giving tzed kah a priority and we are starting to give a little bit more than the 10%. I'm not ready to jump to 20 right away that we have seen a lot of blessing the more we give.

amother

Violet

Mon, Nov 28 2022, 3:34 pm

40k, we have a 2014 hyundai sonata (we own, bought used)

amother

Currant

Mon, Nov 28 2022, 4:03 pm

So many families with one car! Where do you live that such a thing is possible?

amother

Azalea

Mon, Nov 28 2022, 4:14 pm

amother Currant wrote:

So many families with one car! Where do you live that such a thing is possible?

We live in Brooklyn (for now).

amother

Apple

Mon, Nov 28 2022, 4:27 pm

amother Currant wrote:

So many families with one car! Where do you live that such a thing is possible?

When we lived in queens we had 1 car. We got the second when we moved to the suburbs

imorethanamother

Mon, Nov 28 2022, 4:29 pm

This thread is like a commercial for Toyota Siennas. So impressed how long they last!

amother

Currant

Mon, Nov 28 2022, 4:29 pm

imorethanamother wrote:

This thread is like a commercial for Toyota Siennas. So impressed how long they last!

No joke. That’s the only minivan dh and I would consider buying.

amother

Stoneblue

Mon, Nov 28 2022, 4:33 pm

2008 used Honda Pilot purchased with very low mileage for 5k. It's awesome BH. We make 400k and are soooo not into shmaltzy vehicles

amother

Gold

Mon, Nov 28 2022, 5:01 pm

amother Currant wrote:

So many families with one car! Where do you live that such a thing is possible?

We live OOT. It's not possible to have one car, but we do the impossible.
We rent cars for the occasions where taking shifts or taking taxis or getting a ride won't work.

amother

IndianRed

Mon, Nov 28 2022, 5:49 pm

imorethanamother wrote:

This thread is like a commercial for Toyota Siennas. So impressed how long they last!

Come to Lakewood, that will be the only car (minivan) you see on the road!!!!

amother

Currant

Mon, Nov 28 2022, 6:17 pm

amother IndianRed wrote:

Come to Lakewood, that will be the only car (minivan) you see on the road!!!!

There are lots of Honda odysseys

amother

Lightcyan

Mon, Nov 28 2022, 6:31 pm

amother Cinnamon wrote:

We have similar cars.

A 2016 sienna we bought used in 2019 and a 2009 Chevy Malibu we bought used in 2012.

Income ~$500,000.

amother

Heather

Mon, Nov 28 2022, 6:39 pm

We were able to give $100,000 in tzedaka donations this year BH. I don't work. Our kids are older- in their 20s so we are out of the tuition stage. We're not worried about paying for weddings. (we just need them to find the person to get married to and that has been a challenge) We have enough savings for that and a lot saved for retirement. We're comfortable. I still drive my 2004 Toyota Sienna which has 175,000 miles on it but drives fine so why get a new car? I have no need to impress anyone and we find the van has been helpful. My husband drives a 2015 small SUV also not a statement car. It's all good. A car is to get from point A to point B and not a priority in my life.

amother

Puce

Mon, Nov 28 2022, 6:56 pm

amother Currant wrote:

So many families with one car! Where do you live that such a thing is possible?

We live in Monsey and this is a huge issue for us. We Uber alot, but they aren't reliable. We also need to do carpool, sometimes back to back. With multiple driver we need to keep track of the car to much

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