Why I Financed My Car Purchase

NOT my car
NOT my car

About two years ago, I did what many financial gurus would tell you is the worst financial decision you can make: I bought a new car. Now, we could sit here and argue back and forth all day about why I chose this route over getting a used or certified pre-owned car, but I think the decision was right for me at the time. (I’m sure this will be the topic of future posts as well!).

NPR recently reported some statistics which showed that Americans are taking on riskier and more expensive loans to finance fancier and more expensive cars. Taking out a car loan, even when you can buy your car outright with cash, isn’t necessarily a bad financial decision. Here’s why I chose to finance my car and put my money elsewhere, instead of on a big down payment.

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3 Reasons You Should Be Using Mint.com

mintHands down, one of the best financial management services out there is Mint.com.  If you don’t already have a free account with them, take 5 minutes away from Facebook and sign up now.  In my opinion, it is easily the best tool available to keep track of all your personal finances.  By giving you visibility into all of your accounts and transactions in one place, you will find it much easier to budget, save and control your spending. Continue reading