Car shopping can be fun. I mean who doesn’t love that “new car” smell? However, the fun can quickly fade if auto payments become a burden stressing your budget and causing problems.
A tip to remember is shop around for your best deal and pay close attention to current and future personal income. Car loans are averaging 70 months (almost 5 years). Think about the opportunity loss. Money spent on a car payment, cannot be spent in other areas. So be sure this is the best use of your funds.
Monday Morning Tip highlights others working to help us make better financial decisions and reach our dreams.
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Being Broke Isn’t Cute
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