7. Hold off on buying a car (even if you can afford it).
While a lot of folks tend to follow the 20 percent rule
(that is, only dedicate 20 percent of your income to a monthly payment
on a car), even if you can afford that, it’s still not your best
investment. First, cars are depreciating assets, meaning as soon as you
drive off the lot, it’s automatically worth less than what you paid.
Additionally, as you never know what’s going to happen with your car
(whether it’s new or old), the unexpected maintenance or expenses are
going to cost you regardless.
(CavemanCircus.com)
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