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Quote:
Originally Posted by TAG UR IT
Oh...and don't EVER put yourself into a situation where you MUST have the OT in order to afford something....NEVER. Work the OT now and either bank that money for the new car, or make payments to the principal of your Impala loan (save a couple bucks in the long run on those payments!)....pay it off sooner so you can start saving earlier.
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Tag your a smart man! My wife and i started a policy 10 years ago to never pay for anything with credit (except the house) cash only. And never buy a car new but at least 2 to 3 years old...Let me tell you, it was the very best thing we've ever done in our life’s.
We have Zero bills (except house stuff/gas/elect...ect)
We paid the house off. paid cash for our last two car (we drove the two previous cars into the grave to do this) 2006 H2 (mine) and 2003 covert VW Bug (wife).
You might think we have no kids...well let me tell you we have 4...I’m not trying to brag...but when you buy with credit...your just giving the bank about 30% more than your getting...and that adds up.
Yes I work overtime...but the overtime goes into the savings account and we budget the base salary.
If i can stress enough the importance to stay any from the extra debit...I know I want the first Camaro on the block and it might be the first new car I've bought in 15 years...but it'll be worth it!
So now I'll get off my soap box...but if you can do it...you'll never be happier.