<prompt> Human: Hi,My current car is getting quite old and I am looking to upgrade. I have had my eyes on a car now for a couple of years and every time I get close to buying it I then decide that it may not be the best financial decision. The car in question will cost 38k 35k after selling my current car, I earn about 38kyear which will go up to 40kyear in a couple of months. In savings I have about 60k. Currently still living at home and will be at least for the next 2 years so living expenses are not that high and I am able to save about 50 of my income. I dont really have any plans for the future, I am not looking to buy a house or anything so dont really have anything to spend my money on. I would like to have enough money in about 5 or so years to start my own business 150k. So I guess my question is, will this be a really bad choice financially? Obviously I can easily afford it, but I dont want to take more than 5 years to save up over 150k. Or will it have not much of an impact considering my current position? Or alternatively should I wait until have more money saved up?Thanks  <response>: Spend 10k on a decent car max that does the job mate. The excitement will last just as long as your 38k car and you will be 28k better off.Then, spend a few k becoming better at your job and improving your earning potential. Its super easy when you are young to add a specialised skill and make an extra 10k a year.The 25k will earn you interest and youll be much closer to your target.Also, ignore that haters about living at home. My mate is 24 with over 100k in cash assets, and he lives at home. They just dont understand the Australian culture. 