Suze Orman reacts to a millennial living on $80,000 a year with a $720 monthly car payment. (via CNBCMakeIt)
Orman also wishes the millennial hadn't splurged on a BMW, which sets her back $720 a month. In addition to the car payment, Gonzalez spends about $90 on gas, putting her monthly transportation costs at $810. "What you deserve is a life of financial independence, not some car," Orman says.
There is good news: "She's saving money, she's working ... and she's making coffee at home," says Orman, who thinks that buying coffee is like Gonzalez sets aside about $1,000 a month. She saves in a Roth IRA, high-yield savings account and a brokerage account. Gonzalez has around $25,000 saved in a high-yield savings account, which she has earmarked for a down payment one day.
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