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We could cover basics but nothing extra, and it would take forever for us to pay down any debt that we started with. This is considering only 1 vehicle. We couldn't do it if we had 2 cars. Any car repairs would take a while to be able to cover since we'd have such a tiny amount to put towards it each month. Unexpected expenses would put us in debt though so I can see if being a domino effect that eventually we wouldn't even be able to cover basics.
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