thefroogalstoodent
Thefroogalstoodent
thefroogalstoodent

+1 for this paragraph alone:

This is why I advocate getting a used car instead of a new one! You can find great deals...maybe not as much on this particular example (which I'd want to check out thoroughly before buying), but going with a couple-year-old model can increase the amount of car you get per $, whether you're looking for a luxury car, a

Example: this Accord for $13K. I'm not even a huge fan of Honda and I think that one's nice!

You make some good points here, Tom, such as car purchases not always being logical. However, that doesn't mean that you should end up paying a bank or dealership at least 3% more than the transaction price [and that's only if you have impeccable credit!]. On a $30,000 car over 5 years, a 3% interest rate works out to

I absolutely, utterly agree. Too many people think they can afford a big-time purchase like a new car, but they're wrong.

Absolutely! There's no other single thing you can buy that improves your car's performance in nearly all dimensions, including safety-oriented dimensions like handling and braking. Great addition!

Lots of good suggestions here! For me, regularly-used electronics are something you don't want to be cheap with, as well as clothing (especially shoes!), tools, and other things you use regularly. You might find this helpful: http://froogalstoodent.blogspot.com/2014/08/why-be…

I like the part about setting progressively larger goals! Goal-setting is an important part of what billionaires know!

Yikes! These debt traps are pretty scary! Do everything you can to avoid getting in them in the first place, if you can at all help it!

Yep, the point of saving is to gain financial freedom! A lot of people fail to realize this, and misattribute the purpose of saving to greed or cheapness. Thanks for making this point clear!

I agree—basic terms like these need to be taught in all schools, so that people know what being an adult is like! I look forward to reading more articles from this series!

All important points to consider!

Well-written and well-thought-out article, Kara!

There are some things it's not wise to cheap out on. Electronics are one of the major ones. That $20 mp3 player lasted me less than two months. Safe to say I didn't make the same mistake again :/

Depends on whether or not you want to use your phone one-handed, and on how big your hands are. Some people love the bigger phones, others prefer smaller ones. I personally prefer phones of about 4-4.5 inches, but I also have relatively small hands.

A very good post! Well-done!