Do buy a more expensive car than you can afford

 Many have a love affair with cars that holds them down money wise.
Some buy a new one too often, others spend too much of their income on
their car.  Resist the urge to splurge on the nice car if you can't
afford it and take care of your car so it will last longer.

  Er...the "do" in the title should be "don't".

 healthiest_throat@yahoo.com wrote:

The same could be said of anything. Boats, houses, wives, children,
pets, hookers, drug habits... The list is endless. It's not so much
what it is that you are spending too much of your income on but rather
that you're spending too much.

Living within your income is the trick.

Anthony

 On Tue, 03 Apr 2007 01:49:01 -0700, Anthony Matonak


A public service announcement from SNL:

http://www.salon.com/ent/video_dog/comedy/2006/02/06/debt/index.html

Dennis (evil)
--
"There is a fine line between participation and mockery" - Wally

 Anthony Matonak wrote:

Taking that one step further: Living *below* your income is the trick.

This country's savings rate is atrocious. We've turned into a land of
"Gimme! Gimme! Gimme! Charge! Charge! Charge!" Can't recall his name,
but an economist said it doesn't matter if you are making $15,000 or
$150,000 - people tend to "spend up" to their income level. And people
making 150 grand a year complain just as much as people living on 15
grand that there is never enough money at the end of the month. Unless
they control their spending...

Just blow your mind - start saving something, anything each month. And
if you get comfortable with socking away a measly 20 bucks a month,
double it to 40. And increase it again a few months later. You won't
miss it once you actually start doing it. And you can't get off with the
"I don't make enough money!" excuse. I'm one of those people on the very
low end of the income scale and I'm doing it. I stated at less than 4%
and I now take out 10% of my income each month and it goes into savings.
I found it wasn't coming up short getting the bills paid and eating at
4%. And I still find it a mystery that I don't miss spending that money
now that I'm putting aside 10% every month. And despite putting money
aside I'm *still* spending money on stupid stuff I really don't need.

So when it comes to the next car I have no intention of "buying" - what
the OP probably meant was "going into debt over their heads for" - a
more expensive car than I can afford.

Rick