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.
In an interview with MSN Money, Ilyce Glink, author of 100 Questions Every Homebuyer Should Ask, advises that homeowners should prepare to spend anywhere from $2,000 to $10,000 annually on home repairs. To keep costs low, do as much of your own maintenance as you can.