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June 12th, 2023 at 07:37 pm

Are you a car person? I'm not. Sometimes I'll go to an automakers website & "build a car". I never actually follow through with buying any of those cars. I'm on my third car after 23 years of owning cars. I hope my current car lasts me several more years. If I'm ever tight on money it won't be because I bought more car than I could afford. It will be because I took too many trips!

I have a friend who is really into cars. Even though he's not in the best financial shape he always has nice cars. His son has picked up on his love of cars. My friend was telling me several months ago how his young son kept changing out cars because he kept seeing other cars that he wanted. Recently he came to me & told me that he lent his son $200, now he's not returning his calls.

Now I understand liking what you like. I'll always spend money on travel & attending the theatre. I don't begrudge anyone their indulgences. I just believe that you need not put yourself in a position where you can't meet your needs due to those indulgences. Of course, his son is very young & will learn. I know I was still making money mistakes even a few years ago. I will always have room to learn & grow on a great number of subjects.

3 Responses to “Cars”

  1. LifeBalance Says:

    I am not a car person. It makes me cringe when I see people drop 50 grand on a car but I recognize that their preferences are different than mine. A car to me is transportation. Reliability is important so I'll pay for quality but not for 'snazziness'.

  2. Jane Says:

    Not car person. Other people can make their own choices according to their priorities, but as the owner of a used car I bought for maybe $7K about 10 years ago, I am absolutely floored by the thought on spending $50K just for a new car! That's a house downpayment! That's an emergency fund! That's a meaningful chunk of retirement savings progress!

  3. LivingAlmostLarge Says:

    Sadly cars are a super easy way to get into the hole. I'd love to have money to be a car person, my dad was, and that's why they didn't have as much as they should have. They traded in cars ever year. Then insurance guy said to stop doing it, they should stop leasing cars annually. But my parents kept on doing it and buying more and more expensive cars. My mom still doesn't get it and says if you can afford the payments. Truth is that my parents got lucky to work until 90 years old. If they hadn't kept on working and really had to live off their savings it would have been a disaster.

    So I get it totally. It's really easy to just think you should be able to buy a car. Personally? I would love an electric vehicle but it's a hard trigger to pull. And I'm still struggling with affording a $60k vehicle say.

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