I Should Be a Millionaire By Now
Sounds like speed thrills has way more bills/ gumption than I've ever had money!! Good plan though. Different strokes for different folks!!
We don't have a lot of bills, only what everybody has, I think. Thanks, it does require some dedication, but once you start doing it, it's automatic, and has made our lives SO much easier.
Did you take the $500 (plus or minus) you would be spending on a car payment each month and put it in a dedicated savings account?
That's where the money would be.
I don't know if this is directed to me, but I'll reply. We save $220 per month towards a new car. Because
that's what we can afford. If we spent $500 or whatever on car loans every month, we'd never have any money because we can't afford that. That's the key. It's the free market's job to try and get our money. It's our job to keep it!
We don't buy brand new cars, we get them about two years old. They're a lot cheaper. We last bought a 2007 Accord in 2009. It's got 105,000 miles on it and is in great shape. We hope to get plenty more out of it.
Everyone has their own way of getting through life financially. It's something we've all honed since we were young. So it's hard to change. I've never "converted" anyone to my method. I don't try. I just mention how we do it, and I just get looks. Even people that never have any money and wonder why.
