First Time Drivers. Under Arizona MVD guidelines, you must be at least 15 years and 6 months old to apply for a learners instruction permit. All applicants are required pass a written exam and vision test in order to obtain the permit.
For example, if you make $60,000 a year and have no debts, you can afford to spend about $1,500 a month on principal, interest, taxes and insurance without breaking the 30% rule. To keep housing costs down to 25% of your income, as Weston recommends, you'll have to spend $1,250 or less.Nearly 37% of homeowners with a mortgage -- 19 million people -- now spend more than 30% of their income on housing.or example, if you make $60,000 a year but you spend $300 a month on car payments, $125 on credit card bills and $200 on student loans, the 36% rule would limit your monthly housing costs to $1,175. It's easy to put these rules to work.
for most people a house is the biggest purchase they will make in their lives one they will pay off for years even decades to come but spending too much on a house could leave you with little money for other goals in life such as retirement college funds and vacationf you ve decided that home ownership is right for you the next step is deciding how much home you can afford typically most lenders suggest that you spend no more than 28 % of your monthly income on a mortgage try smartmoney s how much house can i afford calculator to find out how much you can afford