13 Ways to Save Money on Car Insurance

Welcome to Money Saving Monday where we remind ourselves that community is the greatest money saving resource we have. Each month, you’ll have a chance to win one of two $15 Amazon gift cards.  Simply leave your tips and suggestions, and if it is a top pick of the month, you’ll get a $15.00 gift card. By the way, with just a handful of comments each day, you’ve got a great opportunity to win … [Read more...]

How to Buy Cars With Cash

For some folks, the idea of trying to buy cars with cash is a fairy tale.  They think it is a dream that others can enjoy, but they will never enjoy.  However, here are some practical steps you can take to get yourself behind the wheel of a car - not in front of a loans desk at the bank. In a previous post, I showed how much money people can save by paying cash for a car instead of car … [Read more...]

Can You Afford Your Car Payments? Can You Afford the House?

One of the negative results of borrowing money and being upside down in debt is that there might come a time when you need to come face to face with some very tough decisions: Can I afford to keep the house? Can I afford to keep the car payments? The Danger of a High House or Car Payments I live in a place that gets a lot of rain.  With rain comes mud, and with mud comes slippery roads.  I’ve … [Read more...]

The Real Truth About Borrowing Money To Buy Cars

In many ways convenience and lack of patience is the enemy of financial prosperity. Loans could be a statement about your selfishness.  A loan says I don’t have the money, but I want this and I want it now. Here are some important facts about car loans: The average American car loan payment is $400 per month. A 48 month used car average interest rate is currently 7.91%. Let’s say you … [Read more...]

When is it Time to Buy a ‘Newer’ Car?

Cars can be so new that the mileage is under 100.  It has a new car smell.  And you are the first name ever on the title.  If that is the new you are looking for be prepared to assume a huge amount of depreciation on the vehicle in a very short time. What is a 'new' car?  When I talk about a ‘new’ car I mean new to you.  The mileage in the car is probably over 5 digits, not under 3.  It has a … [Read more...]