My boyfriend is 25, and just got a job—actually his first one. He’s bought everything himself his entire life.

His parents however are fairly well off but only pay for one thing, his phone bill. I’ll give him credit that he’s been fairly smart with money and always saved up.

His monthly expenses are as follows:

250 student loans

250 petrol

He has been driving his father’s old car. The transmission actually died on it last month, and he had it replaced even though the car was almost gone case. That cost about $1600.

Anyway, he just got a new job making $44,000 a year (about 3500+ a month), he’s been showing me the numbers and telling me he can “buy a $350,000 car”—which is one he’s really wanted for the past two years.

Doing the math, he figured he pays about $1967 a month, and that at 4.0% interest with $150,000 down, his payments would be insane for the car and the insurance.

So, I did the math with him and totalled EVERYTHING up. It came out to be much much more than he could imagine-taxes, gas, insurance, and car payments.

I just can’t help but think he’s wasting a considerable amount of money and shouldn’t do this. But he won’t listen and says he’ll save 50% of the remaining. He’ll budget for expenses. So that’s $400 in guaranteed savings and another $400 for whatever expenses. (I don’t know his maths learned from where, maybe from the moon)

I want to show him this post, so I’m hoping I can get some good feedback from much smarter people (that aren’t me). His parents are the type of people who don’t care what he does because it’s his life but have 100% said they won’t give him a dime.

Thanks for the “help” though