Cars Drain Savings

The quickest way to deplete your savings initiatives is to buy a new car. Each month a piece of your check is being removed for a payment. You also have to set aside additional money for insurance.

The commercials you see on t.v. sound so good you can’t resist. But you have to remember you are going to be stuck making that payment for 5 to 7 years. That is a long time…

Most of the time what will surprise you is the maintenance. Not everything is covered under a car warranty. You still need to change the oil, buy tires, fix mufflers and put gas in it.

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