Vettezuki |
07-10-2013 07:57 PM |
Quote:
Originally Posted by Shaolin Crane
(Post 117831)
So I have a quandary. I'm thinking about getting a small loan to get both cars running, if I get picked up by CHP having three Cars down will make things significantly more difficult logistics wise. That and trying to save for two cars with other bills will take years as opposed to the small monthly it would be for the loan. 4K is about 100t a month and would get both cars running, and finish one of them. What y'all think?
|
I have strong feelings about this. Do not loan for toys. If you need transportation, don't dick around and get one reliable car working. (Truck?) If you must borrow to do this, then so be it, you can't be without reliable transportation in SoCal. But don't borrow for play things. Who cares if it takes years. Irrelevant.
1st - Essentials
Food, Clothing, Shelter, Transportation, Current Medical, etc.
2nd - Saving and Investing
So you have money for lean times and build for a half decent future and so you can take care yourself when you're older if you make it that far. This should be around 10%+ of your income. (Being hardcore, some people actually put this No. 1, it's called "pay yourself first".)
3rd - Play
Then play things with whatever is left that you can waft off the top. Consumption comes AFTER production. Horse goes BEFORE cart.
|