My take home pay for last year was about 27,000. And I spent over 1/3 of that on cars and tools. Come with me as I dive into the scary territory of looking at how you spent your money.
5k on paying off the BMW. I borrowed almost 12 after tax title and registration, and owe less than 7k 11 months later. No too bad. My goal is still to get it paid off in 2 years.
1k on parts and maintenance for the BMW. Snowtires, wheels, a roof rack, ignition tune up, and regular maintenance.
1700 onthe Rabbit after tax title and registration because I got collect tags. They cost 3x more then standard plates but never need to be re-newer.
500 on parts for the Rabbit. Including oil, and such.
6-700 on tools. Lots of power tool, torque wrenches, new set of plyers. An OBD-2 reader, And some random additions. I have A lot of of new tools.
1600 on gas give or take
400 on insurance
So all in all I spent nearly 11k on cars and the car hobby. Now a lot of that was necessary, I could have “saved” a lot by only making minimum payments on the BMW. And the Rabbit was obviously and uneeded, but I love it.