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Section 02 Loans & Expenses Unit 04 Cars - Practical Money Skills

Section 02 Loans & Expenses Unit 04 Cars - Practical Money Skills

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<strong>Section</strong> <strong>02</strong> <strong>Loans</strong> & <strong>Expenses</strong><br />

<strong>Unit</strong> <strong>04</strong> <strong>Cars</strong> and <strong>Loans</strong><br />

<strong>02</strong>.<strong>04</strong>.<br />

Lesson <strong>02</strong><br />

.<strong>02</strong><br />

Shopping for a car<br />

Overview<br />

There's no sense getting all worked up about a car you can't<br />

afford. So save yourself some disappointment and figure out a<br />

payment amount you can handle before you start looking.<br />

Start with your budget. How much room is there in your<br />

budget? Could you, for example, fit an extra $200 a month in<br />

your budget without strapping yourself too much or eliminating<br />

your savings? If so, can you fit an extra $300 a month in your<br />

budget? No? How about $250? Continue that process until<br />

you have a general idea of how much extra room you have in<br />

your budget. That's how much you can afford to pay for a car<br />

every month.<br />

88 section <strong>02</strong>. loans & expenses<br />

choices & decisions

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