Besides your home, one of the most expensive purchases you will make is a vehicle. When shopping for a car, it is important to know how much of a monthly payment you can afford, if you need to borrow the money. Here is a calculator from MSN Money to help you determine what kind of monthly payment you can afford. Along with the monthly payment you also need to consider the costs of interest payments, tax/license, gas and repairs/maintenance.

Some experts suggest not to spend more than 20% of your net take home pay on car payments. Another rule of thumb I have heard of is that if you cannot pay it off in 3 years, you may not be able to afford the car.

Also, when shopping for a vehicle, consider what kind you need and what it will be used for. If you plan on putting quite a few miles on it, consider the gas mileage.

The monthly payment may not seem like a lot, but you need to take into consideration the other monthly payments you have. A variety of monthly payments can add up quickly.

Nancy Kvamme

I saw a recent post on how to make a Pottery Barn type candle with mainly items that can be found at the dollar store.

When I was looking at the Pottery Barn website I found a couple of other items that could be made for a fraction of the price. Check out the hanging mason jars and hurricane lanterns.

This is part of a 90 day Holiday Countdown, previous posts can be found here

Nancy Kvamme