Actually, I took my car through the automatic wash a while back and half way through, the machine just stopped.

@Melody Everett-Neddo, yes, will be checking with them - have my car loan and credit card with themthanksmike

In finance and accounting we look at a "Quick Ratio" (also known as the Acid Test) this shows the ability of a company to meet obligations, but this only looks at current assets or liquid assets and current liabilities, real estate is not a liquid asset.So we move to other ratios like "Current Ratio" and "Cash Ratio" these to help to illustrate the ability of a company to cover current debts.As to mortgages or long term debt, coverage is difficult to predict due to uncertainty over longer periods, but by looking at the current coverage and cash available we can see what funds remain for these other obligations.Most everyone is familiar with the debt to income ratio we suffer through at a loan application, say 24/36, meaning that you should not pay more than 24% of your income to current liabilities, revolving accounts and car loans, the 36% includes the 24% to establish your ability to cover the mortgage, total debts should not exceed 36% in this instance.

@Marty Sprong, as a builder friend responded to me asking the same question: what's it cost to buy a car?  

The neighbor has a lot of junk in there yard and it looks like a car wreckage yard.

I had to do that to sell a car about six months back.

I stay with friends, live in my car and go there about once a week.

Would it be similar to wrecking your car and your insurance will give you $26 a day for a rental car.

I see him with the jewelry, nice cars, etc. and it motivates me to get passive income.

No personal debt (credit cards, car payments, student loans)b. 6 month emergency fundc.