I’ll just keep buying second hand cars. My current car is 20 years old, bought it when it was 10 years old and it’s still going. Put away $20 a week or whatever you would have been paying on the loan and you’ll always have a fund to get something. Treat it like a loan too, you can’t pull money out of the loan you’ve been paying, so don’t touch this money either unless for the most dire of emergencies.
Until you want to buy a car or a house…
Lucky for her, this woman probably won’t be doing either of those things.
House ain’t never happening. You got me on the car though.
I’ll just keep buying second hand cars. My current car is 20 years old, bought it when it was 10 years old and it’s still going. Put away $20 a week or whatever you would have been paying on the loan and you’ll always have a fund to get something. Treat it like a loan too, you can’t pull money out of the loan you’ve been paying, so don’t touch this money either unless for the most dire of emergencies.
This is the way to do it. It’s just not worth the financial struggle if you’re the kind who would be impacted by a new car.
It also means it’s much easier to afford to replace the vehicle if it’s becoming a money pit, and you don’t sweat a small scratch.
And good for the environment!