Alright, personal finance blogosphere. Enough with the haterade for new cars. Are they depreciating assets? Yes. Is interest bad? Yes. Is financing a car the worst thing someone could do financially? Not necessarily. In fact, as someone who financed a $27,000 car several years back, I wouldn’t change a thing. Except maybe I would have spoken up sooner. Continue reading “To Everyone Who Hates on New Cars”
studying diligently and calmly cramming in the exact fashion I tell my students not to for my National Board certification test tomorrow, I have a fun guest post from Giles Kirkland. Giles is a professional mechanic and dedicated money saver. Take it away, Giles!
For many people in today’s world, a car is a necessity. Often, it’s for getting to and from work, while at other times it serves to do school runs and family trips. In short, there are plenty of people who can’t afford to be without their car, even when the car offers nothing but large, regular expenses.
When you think about it, a car has plenty of expenses outside the initial selling price. Once you drive away with it, you’re looking at fuel costs, repairs, servicing, tests and car insurance. If you’re not careful these can easily catch up over the year. So how do you know if your expenses are too high? Here are 5 signs you’re spending too much on your car: Continue reading “Guest Post: 5 Signs You’re Spending Too Much on Your Car”
It’s not good to keep secrets in the blogging world. I know that. And it’s not so much a secret, so much as it isn’t really my story to tell. But we have more debt than I’ve previously mentioned. Well, had.
More precisely, Mr. P had more debt. I wrote a post about how we paid off over $18,000 worth of debt last year. And we did. That was mortgage debt. We also paid off another $6,000 towards Mr. P’s car loan. Continue reading “Actually…We Paid Off $24K in Debt Last Year”