Thinking about buying a car? Read this.
Did you know that there are a number of different benefits to saving for a car – both financial and non-financial?
If you really work towards it, saving up for your dream vehicle can help improve your mental and emotional health and your relationships with your loved ones.
If you’re desiring instant gratification from that new or new-to-you car sitting in your driveway, it may not seem worth it to save up for it.
But…when you recognize how incredibly rewarding it would be to have that car sitting in your driveway with NO payments (or a very low payment if you choose to finance it with a larger down payment), you may think again before hitting the car lot just yet!
Non-Financial Benefits of Saving Up for a Car
Picture this: You head into the car lot, knowing exactly which vehicle you’re looking for. You know how much that vehicle is worth, and you’re clear on what you’re willing to spend to get that vehicle....
10 Money Must-Knows for a Happy Marriage: Are You Prepared?
So, you're getting hitched! You're making what you hope will be a lifelong commitment to the one you love through sickness and health, for richer or poorer, now and until death do you part. Sounds heavy? Well, it is! And the best way to make it less heavy is by getting the leading cause for marital splits out of the picture: money fights.
Financial disagreements are among the top 3 causes for divorce, along with infidelity and basic incompatibility. That's why it's crucial to get started on the right foot by addressing any potential money issues upfront, discussing short and long-term goals as a couple, and having open and intentional conversations about money. By doing so, you can avoid unnecessary stress and focus on building a strong and lasting partnership.
Before we go further, bear in mind that money is a very sensitive topic for some people. Why? Because it's personal, and it's based on what you've been taught by people you respect and trust, like your parents....