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The Typical American Family Can'T Afford The Typical New Car!

Liz Pulliam Weston has an article on MoneyCentral about how and why A car payment is not a fact of life.

Her article is basically an update on her original formula for determining how much you should spend when purchasing a new car. Her formula is not only simple, but sensible:

“…if you can’t pay cash for [...]

June 22nd, 2010 | Tags: , , , , | Category: Debt | Leave a comment

My Lessons on Buying a Car.

This post was originally written at the start of 2009, but has been lost on my PC until now, so I thought I’d share with you now.

My wife and I just bought a new minivan, and I thought I’d share some of the lessons I learned along the way.

Get your financial house in order before [...]

December 18th, 2009 | Tags: | Category: Debt | 2 comments

Donate Used Cars to Charity or Cash for Clunkers?

Before President Obama’s Car Allowance Rebate System (A.K.A. “Cash for Clunkers“) program, people typically had two choices of what to do with their clunker: Trade it in at the dealer for a couple hundred bucks, or donate it to charity for a tax write off. Now, buyers have a third option: trade it in for [...]

August 5th, 2009 | Tags: , , , | Category: spending | 6 comments