Comments on: Your Car is Making You Poor And What You Can Do About It http://genxfinance.com/2009/06/18/your-car-is-making-you-poor-and-what-you-can-do-about-it/ Helping a unique generation achieve financial independence. Sat, 20 Mar 2010 15:15:15 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: 28 Tips to Save Money on Car Expenses and Save Thousands http://genxfinance.com/2009/06/18/your-car-is-making-you-poor-and-what-you-can-do-about-it/#comment-128146 28 Tips to Save Money on Car Expenses and Save Thousands Thu, 04 Mar 2010 14:19:29 +0000 http://genxfinance.com/?p=1598#comment-128146 [...] the average retirement account balance for most baby boomers these days is under $50,000. No wonder our cars are making us poor. How wealthy would we all be if we took the money spent on owning a car into an investment [...] [...] the average retirement account balance for most baby boomers these days is under $50,000. No wonder our cars are making us poor. How wealthy would we all be if we took the money spent on owning a car into an investment [...]

]]> By: David http://genxfinance.com/2009/06/18/your-car-is-making-you-poor-and-what-you-can-do-about-it/#comment-126951 David Tue, 16 Feb 2010 18:29:27 +0000 http://genxfinance.com/?p=1598#comment-126951 Everyone needs a car and it has to run well, hopefully cheaply, without costly repairs. IT took me a long time to decide to be a bit ahead of the game as far as unexpected costs go. Now I cover my car repair expenses, easily. We all need to keep our cars going as long as possible, in this economy. Check out- http://www.MyFreeAutoRepair.com Everyone needs a car and it has to run well, hopefully cheaply, without costly repairs. IT took me a long time to decide to be a bit ahead of the game as far as unexpected costs go. Now I cover my car repair expenses, easily. We all need to keep our cars going as long as possible, in this economy. Check out-
http://www.MyFreeAutoRepair.com

]]> By: 5 Reasons Why You Will Retire Broke and Unhappy : Generation X Finance http://genxfinance.com/2009/06/18/your-car-is-making-you-poor-and-what-you-can-do-about-it/#comment-123055 5 Reasons Why You Will Retire Broke and Unhappy : Generation X Finance Wed, 18 Nov 2009 17:45:55 +0000 http://genxfinance.com/?p=1598#comment-123055 [...] creep can go too far. It starts out with small stuff, but eventually it turns into a bigger house, nicer cars, and maybe even more elegant vacations. If your income goes up but your expenses also continue to [...] [...] creep can go too far. It starts out with small stuff, but eventually it turns into a bigger house, nicer cars, and maybe even more elegant vacations. If your income goes up but your expenses also continue to [...]

]]> By: Thomas Bailey http://genxfinance.com/2009/06/18/your-car-is-making-you-poor-and-what-you-can-do-about-it/#comment-122938 Thomas Bailey Wed, 11 Nov 2009 06:48:18 +0000 http://genxfinance.com/?p=1598#comment-122938 I have never had a car, and could live perfectly well without one. A bicycle has served me well for the past 20 years and has taken me considerable distances. Before that, I usually walked. I have never had a car, and could live perfectly well without one. A bicycle has served me well for the past 20 years and has taken me considerable distances. Before that, I usually walked.

]]> By: Start Making Year-End Tax Moves Now and Save Big Money : Generation X Finance http://genxfinance.com/2009/06/18/your-car-is-making-you-poor-and-what-you-can-do-about-it/#comment-122925 Start Making Year-End Tax Moves Now and Save Big Money : Generation X Finance Tue, 10 Nov 2009 15:39:41 +0000 http://genxfinance.com/?p=1598#comment-122925 [...] of if you happened to buy a new car this year. Honestly, I think you can still save more money buying a used car vs. new, but this tax credit can help take some of the bite out of that new car purchase. This tax credit [...] [...] of if you happened to buy a new car this year. Honestly, I think you can still save more money buying a used car vs. new, but this tax credit can help take some of the bite out of that new car purchase. This tax credit [...]

]]> By: Ned http://genxfinance.com/2009/06/18/your-car-is-making-you-poor-and-what-you-can-do-about-it/#comment-122440 Ned Sat, 10 Oct 2009 10:34:54 +0000 http://genxfinance.com/?p=1598#comment-122440 New car smell is very expensive. If not financed correctly, you may find yourself upside down on your loan for the first three years. New car smell is very expensive. If not financed correctly, you may find yourself upside down on your loan for the first three years.

]]> By: Plug Your Money Leaks and Save Hundreds of Dollars Painlessly : Generation X Finance http://genxfinance.com/2009/06/18/your-car-is-making-you-poor-and-what-you-can-do-about-it/#comment-122246 Plug Your Money Leaks and Save Hundreds of Dollars Painlessly : Generation X Finance Mon, 28 Sep 2009 23:14:33 +0000 http://genxfinance.com/?p=1598#comment-122246 [...] things when trying to get spending under control, and that’s not a bad thing. For example, buying a used car instead of new is a single purchase that can immediately save you thousands. You should still be doing these [...] [...] things when trying to get spending under control, and that’s not a bad thing. For example, buying a used car instead of new is a single purchase that can immediately save you thousands. You should still be doing these [...]

]]> By: Secret Squirrel http://genxfinance.com/2009/06/18/your-car-is-making-you-poor-and-what-you-can-do-about-it/#comment-122075 Secret Squirrel Thu, 17 Sep 2009 23:11:31 +0000 http://genxfinance.com/?p=1598#comment-122075 @Freshly Frugal - The good news is your new car will be there for you when you persue your next job interview so you can get a raise! That or start delivering pizza or flowers to make a little more ;) as far as refinancing, I'd reccomend getting into a credit union their rates and benefits are much better than a car loan from their financer or a big bank. Glad to hear you got credit at all, just make those payments on time! =) @Freshly Frugal – The good news is your new car will be there for you when you persue your next job interview so you can get a raise! That or start delivering pizza or flowers to make a little more ;) as far as refinancing, I’d reccomend getting into a credit union their rates and benefits are much better than a car loan from their financer or a big bank. Glad to hear you got credit at all, just make those payments on time! =)

]]> By: Freshly Frugal http://genxfinance.com/2009/06/18/your-car-is-making-you-poor-and-what-you-can-do-about-it/#comment-122022 Freshly Frugal Wed, 16 Sep 2009 05:00:00 +0000 http://genxfinance.com/?p=1598#comment-122022 I recently financed a car as I needed transportation to get between home, work, and school. Now I wish I had read this article before I signed all those papers! I'm using my car to get to work and my earnings go straight back to the car. What a vicious cycle. In the meantime, I'm trying to maintain it best I can so hopefully still have it in good condition when it's finally payed off (even if that's eons from now). Does anyone have suggestions on how to go about refinancing? I'm just a student and have very little credit to my name. Other unwanted expenses include license plate renewal ($250+ a year). That caught me by surprise recently. Yikes. I recently financed a car as I needed transportation to get between home, work, and school. Now I wish I had read this article before I signed all those papers! I’m using my car to get to work and my earnings go straight back to the car. What a vicious cycle. In the meantime, I’m trying to maintain it best I can so hopefully still have it in good condition when it’s finally payed off (even if that’s eons from now). Does anyone have suggestions on how to go about refinancing? I’m just a student and have very little credit to my name.

Other unwanted expenses include license plate renewal ($250+ a year). That caught me by surprise recently. Yikes.

]]> By: Secret Squirrel http://genxfinance.com/2009/06/18/your-car-is-making-you-poor-and-what-you-can-do-about-it/#comment-121876 Secret Squirrel Wed, 09 Sep 2009 21:28:39 +0000 http://genxfinance.com/?p=1598#comment-121876 Don't forget to also include property taxes if you live in a state/county that charges for that = $50+ monthly to pay the yearly fees. Don’t forget to also include property taxes if you live in a state/county that charges for that = $50+ monthly to pay the yearly fees.

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