In past years the main things that were figured in monthly payments were car payments and either mortgage or rent.  Now it seems like you can buy almost anything on a monthly payment plan.  This is fine as long as you don’t overextend yourself.  The amount of each payment may not seem like alot but when you add several of them they can get out of hand. 

Just like keeping an eye on how much you charge on your credit cards, you also have to keep an eye on your monthly payments.  Also, if you are figuring them on how much you earn per hour or day, you have to figure based on your net pay.  Some people figure it on their gross pay and forget they have to pay taxes out of that too.

Nancy Kvamme