When my husband and I were newly married we were somewhat naive about money. Probably like a lot of people. We got into debt but never worried about it because "we could always afford the payments". Making payments was what adults did. Or so we thought. A well intending but seriously mislead family member instructed us that you should always buy a new car. It is the best way to go financially. So, we bought a NEW car. Bad mistake. In fact it was the stupidest financial decision we have made.
Do you know that new cars lose 60-70% of their value in the first 5 years? What a horrible investment. We probably won't buy a brand new car again and we definitely won't buy a car that we don't pay cash for. Car payments are a great way to stay broke. Check out this video on how to drive FREE cars for the rest of your life.
1 comment:
That video was amazing--maybe you could walk me through some of the Dave Ramsay stuff--I am seriously thinking about attending some of the classes!
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