When thinking of buying a car, there’re different factors to consider. If you’re buying a new car, then you’ll need to save around 20% of the total amount for the down payment. On the other hand, a used car will be much cheaper. Also, remember the kind of financing you’re willing to do, including cash, …
If you’re trying to trade in your current car for a new one but still owe money on it, then the more your car’s currently worth, the better. Before going to a dealer, find out your car’s current value and loan balance to be paid, and have all the details and paperwork ready with you. …
Americans commute an average of 16 miles per day or 27 minutes. A second commuting car with great miles per gallon ratio is a good choice when you can’t afford to spend hours commuting with public transport. However, it’s a significant financial burden – a second commuting car can cost you an average of $3,800 …
You can afford a BMW when you’re debt-free, have saved at least 6 months’ worth of living expenses in an emergency fund, and can comfortably send 10-20% into retirement savings and investments. Getting your first serious job right out of college introduces you to the world of personal finance. So here you are with your …
Setting up high expectations for a partner almost always leads to disappointment. And when I say partner, I mean the person who will be by your side and share the same long-term goals as you for years to come. Should you settle with a boyfriend with minimal to no personal finance knowledge? And what about …
Big purchases need significant savings. Let us be fair. Budgeting and savings don’t come easy to us all. For some, those two terms are easier said than achieved. Then again, few life skills come naturally to some people. Everyone can learn how to budget and save money better. Everyone has a big financial dream they …
Buying a car is a crucial decision for any family or individual, and that is because of the importance attached to it. One of the main reasons for buying a car is to commute around quickly and comfortably. There are other reasons, such as showing off your new status and all that. A car allows …