How does debt affect a person's ability to afford things?

Sep 4, 2021 ... If you can make the payment but that means you can't adequately save or be prepared for unexpected large expenses then the car is too expensive for your income. Jan 18, 2023 ... That means if someone makes $150,000, they should spend under $54,000 a year on all debt payments. Why is this helpful? Let's say you choose to ... What does the verb afford mean? ... There are 11 meanings listed in OED's entry for the verb afford, three of which are labelled obsolete. See 'Meaning & use' for ... Feb 25, 2014 ... Lots of personal finance bloggers love to talk about their savings rate - but just how meaningful is this statistic? If you cannot afford something, you do not have enough money to pay for it. My parents can't even afford a new refrigerator. to be able to do, manage, or bear without serious consequence or adverse effect: The country can't afford another drought. Apr 26, 2022 ... I would consider myself a frugal person, in that I look for value for money and negotiate even when I know I can afford the standing price. 3 days ago ... to be able to buy or do something because you have enough money or time: I don't know how he can afford a new car on his salary. Apr 17, 2018 ... Unfortunately, such is also life. You cannot have ice, meaning the joy of the moment, the instant comfort and the drink at an optimal ... Oct 30, 2018 ... Offering a refund or some incentive only goes so far because timelines, reliability, and quality mean far more than lower cost or a discounted ...