I am in the cycle right now, and also have a decent paying job (60k), and have been saving about half my income with the intention of using it during my first year to take out less loans.
I'm planning to continue with this, but have recently got the bug to buy a car. It would make my daily commute to work and my work-related travel to other cities easier, and also give me more flexibility. I would enlist the help of my dad, who is very knowledgeable in cars, to get a decent, reliable used car for about ~5k. I feel there is pretty much no downside to me having one, but at the same time, I could survive without one, and its more of a matter of convenience and ease of daily life. While I would definitely like to have the car, I've become pretty into saving as much as possible for med school and I'm a bit worried about paying for insurance, parking, and maintenance for it.
So I guess I just wanted to hear people's opinions on whether they would drain some savings on improving their daily life with a car, or if they would bear it out and continue to save as much possible, thereby avoiding costs like insurance, parking, repairs etc.
Let me know what you think! thanks
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Buy a car or continue saving?
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