Search Results: buying a new car

When I look at my friends, I think they are idiots. They moved out between the ages of 18-20. Some live with their girlfriends and some live with roommates. Thing is, a lot of them are living pay check by pay check. BUT... they all have social lives, get to have sex whenever they want and pull all nighters.

I'll be 24 soon. I just finished college. Have $20,000 worth of debt, will start my new job in November and I can't travel far since my car breaks down a lot.

My goal was to pay off the debt while living with my parents. Trade in and buy new car when debts are paid. Save up to 10-15K and then move out and live by myself in an apartment by age 25-26 or so.

Thing is, when I live with my parents, I just feel like I don't have the same luxuries as my friends who live alone. If I go out all night, my parents will worry. One time this girl who lives 1.5 hours away from me wanted me to come to her house at 12am. I couldn't go because I live with mommy and daddy and they would worry.

I can't bring home or meet a lot of women. My parents would judge them and then they would judge me for picking up so many women.

I can't have sex (I'm still a virgin). Again... they would judge me or they would get worried that I am still out by 3 AM.

I do go out to hang with friends sometimes... but I don't stay out too late.

At the end of the day... I will have no debt, a nice car and a nice apartment by myself. As opposed to my friends who live paycheck to paycheck, crappy car and live with 1-2 other roommates.

Is what I am doing worth it? Should I continue to wait?

Just got out of college and here is the deal:

-I have 23K worth of student loans.

-I want to buy a Camaro, which will cost me around 22K for the one I am looking at.

-I just got out a job, which is pay 35K.

My plan was this:

-When I get my new job, payoff all of loans within a year with each and every paycheck I get from work.

-After my loans are paid, I would then save up a little, trade in my current car, buy a Camaro and pay off whatever left I have on that BEFORE moving out of my parents' place.

My Dad's Plan:
Since I told my Dad about my job... he has been bugging me a lot! This is what he wants to do:

-After I start my job, trade in my car and get the Camaro now. This means I will have to make monthly payments on that as well.

-Continue to pay off student loans monthly (200 a month) until they are all gone within 10 years.

With my plan, I won't have a negative net worth. I will have my car just about paid off, and I won't have to worry about much except for rent and other bills when I move out.

With my dad's plan, when I move out, I will still have student loans and car payments on top of rent and other bills.

That's why I want to know... is my way right... or is his way right?

When I was a kid... I used to want to want to have my own house just like my parents and I used to think that it was an easy thing to obtain. I used to think that if you had a job, you could just buy a house.

I am 23 now, and I think having a house is dumb investment to be honest. Most people don't even have money for a house. They just take out a mortgage on the house and pay it off as life goes on.

Since I have student loans and seeing how hard that is to pay off, I could only imagine what it is like to have to pay off a $200,000 house on a 50K salary. Especially if you a family, a car and other bills to pay.

After I pay off my student loans, I am planning on buying a new car for 13K. That car is going to be the last major investment I make.

I used to want a house, but I think it is pointless and a waste of money. I really wouldn't mind living in an apartment for the rest of my life while carrying 0 debt. That sounds like the best route to go.

What do you guys want? House or Apartment?