How much car can you afford? Many people wrestle with this question, but financial personality Humphrey Yang recently broke it down to a simple formula. Knowing how much you can truly afford can help you avoid an expensive vehicle that ends up being more trouble than it's worth.
The 20-4-10 rule has three components, and each of them influences how much you can spend on a car. Yang broke it down in a recent video while outlining practical strategies to keep your transportation costs low.
