August 15, 2016
I asked how you manage your money if you have to compromise with another human. It’s only fair to share how we’re managing ours!
It’s taken years, but PiC and I have a pretty good system for us these days.
Once upon a time, my money was my money, and then it wasn’t. The last time it’s been totally separate was when I was 12. Since then, my own money has been intermixed with family issues at various times for various reasons. After years of hard lessons with my family, I had to learn to trust, and take risks based on that trust again when PiC and I started to cohabitate, and that’s where our money started to intertwine.
It took at least a year after we got married for it to truly sink in that our money was irretrievably connected, however we chose to handle it. I was evaluating our life insurance 4 days after we got married but viscerally, it’s a lot hard to remold “me” into “we”. Over the course of that year, it was a tentative subject and we weren’t ready to say much, but we were slowly aligning ourselves with each other without words, just through actions.
It’s never painless, not when you’re talking about unseating a decade of habits. Our foibles would occasionally pop up and give us some trouble. It was at this point that we began to learn the art of compromising with each other, and realized that neither of us did well with a shared budget and separate finances. It’s taken a few more years and a lot of adjustments but we’ve got a working system now.
Ours to have and hold
Budgeting the money
Pretax contributions come out first: taxes, retirement contributions, health, dental and vision, pre-tax FSA account, disability and life insurance benefits. Those all come out of PiC’s paycheck because his benefits are way better than what my work offers.
25% of our take-home pay is automatically deposited to our joint savings account, this comes out of both checks. We added up all our bills and made sure that it didn’t exceed the remaining 75% which is dropped into our joint checking account. All the bills are paid out of that account: mortgage, HOA fees, rent, daycare, credit cards.
Spending the money
All routine costs that can be are charged to credit cards that bring in the best rewards and that’s paid by the joint checking account: gas, groceries, utilities, travel, dining out, medical and vet bills.
We kept our own checking accounts and credit cards. I pay most of the bills out of the joint account, he pays a couple of the utility bills and his own credit cards. I do all the accounting, oversee our retirement accounts and, since my eye is on early retirement, I actively manage our brokerage account and our real estate property. We use Mint for bills reminders but usually have paid it by the time Mint sends the weekly update.
Pretty simple all around.
Communication is key
Twice a month, I ask PiC what he’s going to pay in the next week. I don’t see all his credit card bills so that helps me keep a bead on the expected withdrawals. Our mortgage, rent, and association fees are automated monthly payments so asking regularly and a quick eyeball of the account tells me if I am going to run short. That really only happens when a big unbudgeted four digit check is cut, but I’ve been burned by keeping too low a balance in the checking account before. Never again!
We also created a shared email account so all our financial accounts go there. That way if either one of us is out of the picture, access to important financials isn’t restricted to someone’s email.
Bonus money
I do some credit card churning on the side to earn travel money, that’s how we paid for our travel to Hawaii and Washington without breaking the budget. I keep that simple too, one or two cards per calendar year for specific trips. This year I’ve already done our second card, but I’m considering a third before the end of the year.
I alternate between cards under each of our names and don’t bother with any sign-up bonus less than $250 value in travel money or miles.
I used to be cautious about keeping old credit lines open, which I still do, but I’ve spent enough years being responsible and carrying no debt that our credit histories are in great shape. I’ve shown that I can carry an auto loan and pay it on time for many years. I’ve got many years of credit card use, always paid in full and on time. Same goes for the mortgages – always paid on time.
This means our credit scores are always in the high 700s or low 800s no matter how much churning I do, so I stopped worrying about preserving it years ago. This is good for anywhere from $500-2000 worth of travel value. Not bad for several days of work.
:: Do you simplify your money management (fewer accounts, less active management) or go for the more complex (maxing rewards sources, bonuses, etc)?
August 10, 2016
I don’t think that the only way to express love is to spend money but it’s prevalent in both our family cultures. Well, naturally it’s commercially popular, but I also see this among family and friends who weren’t raised in a capitalist society.
Even among the traditional, Eastern philosophy set, money seems to reign supreme as the expression of love, loyalty, fealty, filial piety.
At Lunar New Year, married couples wish the young singles a happy new year and prosperous life by giving them red envelopes stuffed with cash.
For weddings, we don’t give gifts or make registries. Family and friends show their support of the wedding and the marriage by means of a red envelope stuffed with cash. It’s not called a gift, in my culture, it’s called “tying their hands together” (roughly translated), meaning you’re contributing to the fact of their union. I always liked that.
We never celebrated birthdays except for little kids, and you guessed it, gifts were normally red envelopes stuffed with cash. A wrapped gift item was rare.
Never coins, though, it had to be paper bills. I can’t remember the reason behind it but your envelopes should never jingle, only crinkle.
I see this mentality played out through other aspects of the culture, too, and while I loved some of the traditions, some of them get carried a bit too far.
Love is supporting your kids / dependents financially.
Kids didn’t ask to be brought into this world and a loving and responsible parent should be doing everything they can to make sure their kids are fed, clothed, educated and safe.
But it has to stop at some point, doesn’t it?
When parents are still supporting their kids well past their 20s, and into their 30s, and 40s, even when the kids in question are perfectly capable of supporting themselves, I’m not sure what the game plan was and how it went so very wrong.
I see parents insisting on funding things for their kids that seem outrageous to me when I know the kids are earning very solid incomes and have every opportunity to save for these things on their own: cars, down payments, vacations, household supplies. You have to wonder how the kids are going to manage on “just” their own incomes when the parents aren’t there to serve up another half salary.
Then again, Nicole and Maggie have me asking is it support or is it a gift?
Love is supporting your parents in their old age.
Within reason! Ten years ago, I dreamed of providing my parents a very comfortable retirement. But it was supposed to start closer to my 30s or 40s, not in my 20s.
But it started in my teens and 20s, so I can only provide Dad shelter, food on the table, and utilities fully paid. We’re not going to endanger our financial futures by trying to go overboard and provide luxuries he wouldn’t enjoy much for the look of the thing.
I learned that lesson by observing some cousins who are on financially shaky ground because they did that very thing: their parents were so grabby that the cousins couldn’t save for retirement, couldn’t save anything, really, and ended up needing support themselves. Both parents and kids are to blame in that case – the cousins were well old enough to set reasonable boundaries and refuse to volunteer money for luxuries like retirement and
Love is giving money gifts.
Under the specific rules above: Lunar New Year and weddings, sure. I’ll even throw in graduation presents up through college for very close relatives.
But we don’t do gifts for every occasion. We don’t gift on Valentine’s Day, Mother’s Day, Father’s Day, etc. It weirds me out when people have an expectation of gifts for everyone on every occasion.
Love is treating everyone else to a meal out.
It’s nice to be able to pick up the tab every so often.
But I much prefer paying our own way or taking turns or even just staying in and cooking. Not every meal has to be a dining experience. If you’ve ever seen an all-Asian table get into rugby mode over the bill, well. Let’s just say that following up a nice dinner with a knock down drag out fight a few times means that you’d be tired of this one too. I mean, it’s funny the first few times but …
And if you don’t participate then you never pay, and while always being treated when you eat out may seem nice, I certainly don’t like being that person. Let me pay my own way and have a civilized meal, for the love of Murgatroyd!
:: What do you think? When is it a gift and when is it support? When is it support and when is it enabling? Are you comfortable with the flow of money in your family and friend circles? What are your norms?
July 25, 2016
PiC and I have taken years to properly combine and organize our money since the wedding.
The end goal has always been that I shall take and keep complete Dominion over All Things Money! Given our wildly differing levels of interest, it’s for the best.
We started out with completely separate finances. It was all too complicated to merge, I thought. But as we started to combine our lives, the separation and siloed information started to drive me bonkers. It turns out that I need to have almost complete control over the whole picture to be able to make effective, informed decisions. It’s simply how I work best.
There are still some loose ends. Some of them may stay loose-endy due to their nature of being specifically one person’s thing to deal with. I recently wrapped one of my own, dealing with a retirement account that was weirdly designated and dumping those funds into my primary retirement account. I have another one that I’ve started writing about and am not ready to put out there yet.
Things like inheritance gets tricky. I don’t feel like I have a right to touch money inherited from his side, nor do I want to touch it. On my side, there’s been nothing but grief when it comes to money so I especially hate the feeling that doing anything to protect his inheritance feels like I’m a moneygrubbing so-and-so. Except I don’t want any of it for myself! I just hate seeing money managed less effectively than it could be. But because of the feeling that I didn’t come to this union with my own family money (except I did, it was all money that I earned with my own hands), I’m more comfortable ignoring the nagging feelings that it could be better managed and leaving it alone.
Viewing the landscape, I see friends of varying economic levels from poor to very high net worth with all kinds of financial arrangements.
I also keep seeing strong opinions on how, if you’re married, you need to combine finances. I agree that you have to have a system but I don’t agree that it has to be any specific kind.
:: Have you ever had intertwined finances or finances that were dependent on others (partners or roommates)? How did that work for you? Do you have a personal preference for combined or separate finances?
July 18, 2016
You might remember we just spent half the year on dealing with car stuff so when I spotted this comment over at Dad is Cheap it jumped out at me.
After working in the auto industry for 16 years, I’ve seen just about everything. Some of the things I’ve learned: 1) Never buy used from a private party. 2) When you buy used from a dealer, know that they almost always “pack” the car by at least $2k-$3k. In other words, start your negotiations by taking off at least that much and sometimes more depending on the model. 3) If you get a great price, know that the finance department will do their best at charging you high interest (they get a bonus) to make up for the loss. Don’t let them get away with it. Ask for the lowest “buy rate” if you need to finance it.
The commenter went on to explain why:
It’s more or less general rule of mine because I’ve rarely seen private sales work out in the long run. Unless you are car savvy or take it to a trustworthy auto technician to be examined, it can be difficult to detect a maintenance nightmare and unfortunately, I’ve seen far too many private party sales end up in court battles with little or no recourse.
In my personal opinion, an exception to the rule would be if you know the car and where it’s coming from, and you are able to make a determination that the car was maintained properly. Maybe from family member or friend. I most certainly would not take a chance on purchasing a car from an unknown party.
Rules 2-3 are useful, but Rule 1 directly contradicts ours. My first car was new, but since PiC and I joined forces, we have never bought new since and we avoid dealers like the plague. The convenience has never been worth the price padding for us.
PiC’s rules for buying cars (& approved by me)
Rule 1: Always buy used from a private party.
Rule 2: Always buy from an original owner or a 2nd owner.
Rule 3: Always review the owner’s paperwork and maintenance history, making sure that it all matches up. Don’t take their word for it.
Rule 4: Always take it to a reputable mechanic for a PPI (pre-purchase inspection) before making any decisions. You can, and we often do, negotiate a lower priced based on the recommendations from the inspection.
Rule 5: If you have car savvy friends (we do), don’t be too proud to consult them. Our very car savvy friends know certain makes inside and out, and were able to advise us to avoid certain model years due to known maintenance issues.
Together, we’ve purchased three used cars in the past ten years and they have all run smoothly and reliably. We budget for and pay regular maintenance costs every year, and we still spend less than the cost of a new car (financed or paid for in cash) and all the normal maintenance associated. We’ve never broken down due to mechanical issues, though we have had some random unfortunate incidents.
As an aside, this is why my parents insisted that I buy a new car in one of my earliest wastes of money. They didn’t realize that it just takes being more selective, and more legwork to save 50% or more on a used and just as reliable car.
It’s not that we don’t like new cars – we do! But believe it or not, we like cars that are quite expensive. Way too expensive for a family of four, and way too expensive for a family who intends to retire early and do some good in the world. And that stuff is more important to us anyway, so even though we might LIKE the idea of the super shiny techy, we choose not to go that route. Instead we pick cars that fit exactly our needs today, in excellent condition, and keep them that way as long as we can. Which, considering the JuggerBaby, takes a little extra work, but it’s worth the satisfaction of winning another battle against entropy.
And someday, when I hit the bigtime, PiC can have his Porsche. Any kind, any color. 🙂
:: What are your car buying rules? Does “used” make you think of a clunker or someone else’s lemon?
June 29, 2016
This is an entry in the #FinHealthMatters contest sponsored by Center for Financial Services Innovation and FinCon. This is my first year attending and the prize would help tremendously. One of the winners will be selected by top engagement on Twitter and Instagram using #FinHealthMatters. I’d appreciate your support by sharing this post with the hashtag on Twitter!
My parents did their best. Graduating from high school, daughter of immigrants, I headed to college armed with a $1000 scholarship, a minimum wage job, and the knowledge that it was my turn to study hard and make good on their sacrifice.
Ignoring for a minute that I’d been experiencing increasingly debilitating bouts of idiopathic pain, I couldn’t hide the thrill of embarking on Ye Grande Adventure of Adulthood.
“Weeping may endure for a night…”
It happened fast. Mom was diagnosed with diabetes. There were complications, she needed surgery. I stepped in with my meager paycheck temporarily, I thought, until she was better. Post-surgical anxiety and depression set in, the diabetes was complicated by a stroke, the stroke left her unable to work, and her inability to work sent her into a tailspin from which she never recovered.
Managing the household in her stead, an endeavor chronicled here for moral support and posterity, was more downs than ups, more tears than laughter.
To my horror, I discovered that Mom and Dad had been using credit cards to fill in gaps for years, paying only the minimum payment, to the tune of $100,000. It didn’t make sense! They worked 365 days a year. We never ate out, never vacationed, rarely shopped. Where did it go?
Answer: They’d been helping our extended family for decades.
I couldn’t leave. No one could pick up the pieces. Their family was unwilling to return the help, Dad was out of work and Mom wasn’t well. I felt obligated to fix the mess while hiding our shame from more affluent friends. (Y’all, everyone was more affluent than we were.)
The next decade blurred into a haze.
I ran the overtime meter, paying the bills, cutting swaths off the Family Debt, started my first IRA, started saving, and brought home my college diploma without any debt attached. Success, purchased at a steep price.
At my lowest point, sick with embarrassment, in chronic daily pain, seeing our car get repossessed because Dad lied to me, and having to fix that humiliating mess, my hope faltered. And then Mom died, suddenly.
Reeling, I stumbled into my new reality.
While I was focused on my family, my life path had changed, irrevocably. The stress of trying to settle my family on firm ground exacerbated my long-elusive diagnosis (fibromyalgia) so the career I’d dreamed of was impossible. And now, Mom, my inspiration and strength, was gone.
Any hope of rescuing my good health was sacrificed on the altar of filial piety. Now my job was to create my own financial safety net before my body gave out. It was time to make my own way in life, career and especially money.
“…but joy cometh in the morning (Psalms 30:5)”
I learned to plan: for tomorrow, for forty years from now. I needed to pay this month’s bills and know we could pay next year’s. I needed to know we would retire someday. Saving and investing were top priorities, equal to paying off that crushing debt, and I never regretted it for a minute.
Financial health means we work for our future, instead of scrambling to escape the morass of our past.
It means PiC and I were home together with our JuggerBaby when ze was born.
It means that we can afford reliable (expensive) childcare.
It means that when, not if, my health declines further, we don’t have to choose between medical care or food.
It means we can support those in need, lend a hand, and celebrate friends and family.
It means that we can grow old, keep a roof over our heads, and try to leave the world a better place than we found it.
:: What was your moment of joy, when it all turned around for you, financially? How are you financially fit? What drives you to do better?
*Part of Financially Savvy Saturdays on brokeGIRLrich, Disease Called Debt and Money Can Buy Me Happiness
June 27, 2016
Like a scab, I keep picking at it reminding myself how much money we just spent to see if I’m over it yet. (Nope.)
My 3.5 year old phone was slowly spiraling down the drain, losing capabilities as the months ticked by, and I stubbornly refused to replace it thinking that I’d miraculously figure out how to revive it. Part of this was money stubbornness. I didn’t WANT to spend the money, period. Part of it was the fact that my research on replacement phones has yielded nothing but frustration.
My priorities in no particular order: cost, lots of memory, great camera, can consistently make calls and send texts, the right size.
That last one was shockingly hard to manage. This trend of ever-larger phones is tough on my small and rickety hands. I didn’t want a tiny phone, my eyes aren’t 21 anymore, but it also couldn’t be enormous.
I’ve loved my experience with Android phones. It’s been six mostly happy years on Android, and six years post-iPhone, so I really didn’t want to change back to the iPhone.
But all the Androids suffer from giantitis, alas. The shockingly few that don’t were well out of my desirable price range. They also felt like a more risky purchase because I had never used those brands before, and the smaller handsets were brand new designs. I had what felt like premonitory (but probably weren’t) flashes of paying for a lemon that couldn’t be replaced.
Apple, however, had just released an iPhone that was 4 inches with plenty of memory. For $500. Oh lordy, I couldn’t face the thought.
I kept browsing, putting off the replacement, and the inevitable.
Well, I was asking for it. Sure enough, the plan to buy well before my old phone died to give myself some options became the “oh crap, buy a replacement phone tomorrow!” quest.
In one of those Monty Pythonesque moments, JuggerBaby grabbed my hand at the park, dragging me to the exit with all haste. Between saving hir face from abruptly meeting the cement, and catching myself from being swung into the brick wall while saving hir face, my phone popped out of my pocket. It fell screen first, of course, like a piece of buttered toast always seems to land butter side down. A terrible victim of gravity and circumstance, it landed on a most-unfortunately placed rock at the park. At first I thought it was only chipped, but the damage was done. Within days, the screen responsiveness was nil and I was at my computer placing an order for in-store pickup.
Going to the dark (Apple) side
You wouldn’t think that after ponying up nearly $550 for the phone itself that I would balk at another $30 for shipping, or an additional $20 for a SIM card but I wouldn’t be me if I didn’t.
I could have ordered from T-Mobile if I wanted to pay in installments rather than taking the hit all at once. It was tempting but why pay an extra $50 for the privilege of paying over time? If I had a place to stash that cash where it would generate some serious returns, sure, but I don’t and I didn’t want to think about this for 36 months.
Instead, we planned a family outing into the city and took JuggerBaby on hir first subway ride into San Francisco and Union Square.
iPhone, with tax: $542.66
Otterbox case: $10
City adventure, BART: $15
We toured the brand new Apple store, (only 2 weeks old!) and enjoyed a snack-lunch on the lovely outdoor porch attached to the store. Inside, they were prepping for some presentation with a floor to ceiling screen and before heading back to the BART, we lounged in the lounging-type room on the clearly kid friendly furniture.
We watched as a small pack of kids, JuggerBaby included, constructed a tunnel of chair blocks to crawl through. One odd and creepy little girl, dirt smeared all over her face, ignored by her dad, took it in her head to try bullying JuggerBaby. She kept bringing chips over and leaning in close to JuggerBaby’s face to say “MMMM!!!” while holding the chips out of JuggerBaby’s reach. I’m not sure what that was meant to accomplish, JuggerBaby was confused about why this kid was being such a jerk because ze is used to kids who share and aren’t jerks.
Perhaps ze is a little spoiled by the people in hir world right now. In daycare, ze loves sharing hir food and snacks with everyone, and generally assumes that others are similarly inclined.
The weekend before, ze smiled to a little girl, maybe 5 or 6 years old, hanging out by the deli with a bag of chips, and waved at hir chips. We chided hir, “those are her chips, come on, let’s go.” But the girl quickly hopped off the wall and came over to give JuggerBaby a chip. It was awfully cute, but also a pleasant surprise.
Anyway, the phone. It was successfully retrieved and even came with equipped with a SIM card that was prepared for T-Mobile for no extra charge.
So, what do I think?
I deeply appreciate a phone that works. Being able to make and receive calls when needed, send and receive texts, check my work email from the road, being able to navigate the phone’s touchscreen relatively reliably? AMAZING.
After a couple weeks of it, I can say that I’m not in love but I am definitely not unhappy that I bought it.
I know. Resounding endorsement, right?
- The camera quality is great. Especially compared to the not-quality of my last phone. Both photographer and subject had to stay perfectly still if there was a hope of the photo to maybe come out clearly. Clearly that was ideal for my fast-moving child and dog.
- I detest the inability to attach photos from anything but iCloud. We primarily use Google photos to share photos but iOS and Gmail are simply not compatible in the way they were on an Android. I hate having to find workarounds to attach a file from my phone.
- Some apps are clunkier for iOS. This was a surprise.
- I miss being able to toggle between apps on screen without exiting them officially by hitting the Home button which I have to do on iOS. (If I’m wrong, please tell me what I should be doing instead!)
- The native Health app is both creepy and helpful: it automatically tracks my steps so now I’m obsessively checking my metrics. Before I couldn’t be sure how low my activity was on high pain days, now I have metrics. It may not be good for a mind that has a tendency to obsess over data, but it is satisfying to set a goal of hitting at least a mile every day and see how activity correlates positively with more manageable days. I wouldn’t say low pain, those are rare, but when the pain is not in my spine or more than two limbs, it’s possible to push myself to hit that minimum activity level. (Yes, I know a mile is nothing for a normal human but I have to start somewhere when most days it feels like I’m wrestling a sack of decrepit bones and overtaxed sinew out the door.)
I may never be an Apple cultist, never have been, but I am a great fan of having functioning electronics. Cross your fingers that I didn’t just jinx myself again.
:: Do you have brand loyalty when it comes to your phones? Have you had a great experience with either Apple or Android? Should I spring for AppleCare or is that a waste of money?
*Part of Financially Savvy Saturdays on brokeGIRLrich, Disease Called Debt and Money Can Buy Me Happiness
June 13, 2016
Hallelujah!
FINALLY.
I can’t express how relieved I am.
Though I’m not always talking the talk, I’m walking the PF blogger walk. We balance our spending and saving, minimize bills, spend consciously, auto-save, invest with only very little reckless abandon, abandon cable, don’t eat out every night. The one thing we’ve not done is cut the “luxury” of having a second car.
For several months, we were a 1-car family and normally I would have reveled in the experiment: lower mileage, less gas “wasted”, no insurance for that car. But it turns out that also imposes levels of restriction that don’t fit our reality. Once, I wondered if it’d be worth the savings to cut our second car. This experimental period highlighted that answer very clearly for us.
The puzzle: We had one vehicle that also held JuggerLB’s car seat. We had a loaner that I couldn’t drive without exacerbating my pain so basically PiC had a loaner.
Inconvenience was also wastefulness
PiC could go to work alone in the loaner and leave us the car, or he could take the car and JuggerBaby, and leave me with a loaner I couldn’t drive. Since daycare is on the way to work for him, and my day goes in the opposite direction, we’d have to double our commute if I wanted the car during the week. It was highly inefficient and I found myself canceling appointments “until we have a car again”. It just wasn’t worth the waste of time and gas.
The grocery store and a few other places are within walking distance for your average healthy person. I’ve tried and deeply regretted making the hike to pick up “just a few things”. Nothing quite like being caught out in the rain, carrying fifteen pounds of groceries because who makes a huge trek for just a couple things? in a rapidly disintegrating tote bag, and with legs and back threatening to give out right now.
Disproportionate burdens
On days JuggerLB was going to daycare, I couldn’t squeeze in errands outside my work routine that would have helped ease the weekend pressure. No grocery shopping, doctor’s appointments, vet appointments, picking up prescriptions, or a gallon of milk. These were all things that PiC had to do on his way home, or we’d have to contort our schedules to accommodate. We couldn’t afford the lost hour or more that carpooling would have added to everyone’s day.
With one and a half cars, don’t check my math, we had to do everything together, or when we were all in the same place. Weekends were a bit easier to manage the “do everything together” strategy, limited to 3 hour stretches, but neither of us felt comfortable leaving the other one home along with JuggerLB and no car in case of emergency. You might remember the Day of the Horrible Raisin? It wouldn’t have been half so exhausting if I had the car.
That usually translates to me staying home and PiC running all the errands in the loaner. Better for my energy, but tough for PiC’s time, and not ultimately sustainable.
The pain of paying is much lower than not paying
This is a strange thought but paying for the use of a second car is far preferable to the disruption of doing without. I’ll admit to being tempted to cave and just buying a new car off the lot, for about ten minutes, but we stayed strong and we didn’t take that shortcut.
Running the numbers
We received a $6000 check from our insurance, $1000 cash from the buyer of the salvaged car, $1200 from the Other Driver’s insurance covering our deductible and replacement car seat. PiC also sold $400 of car gear from the Doggle-chariot.
We paid for the new car seat, 2 car inspections, the cost of the car itself, the sales tax to the DMV, transportation to go get the car, and a substantial overhaul with a trusted mechanic friend. All told, cost ran just over $10,000. The insurance bill just arrived and the new premium is less than the premium for the destroyed Doggle-chariot so it’s good to see that regular expense will be lower too, and by the way writing this up reminded me to go pay it so blogging is still good for my finances!
Useful Tip: Our insurance advised us to keep our Doggle-chariot policy during this hunt for the replacement. The value would be refunded at the end, but doing so would allow us to keep our multi-vehicle discount on the remaining car instead of bumping that premium unnecessarily. If ever you’re in this situation, check to see if that applies to you too.
We did have to buy a few accessories to protect this car from dog and child – they just keep on shedding and growing (well, the child does) which means seat protectors were in order. They were reasonably priced and I used my Amazon GC earnings from Swagbucks to pay for it.
After deducting the cash and checks, we spent almost $2,000 out of pocket for the new-to-us car. That’s real cash, no doubt about it, but under the circumstances, it darn well beats financing a new daily driver at $20,000 plus interest.
Last, there’s no monetary price we can put on the cost of PiC’s time and the goodwill of expert friends who helped us during the search. We burned quite a lot of social capital and I hate doing that, that’s probably the biggest reason I wanted this settled.
We weren’t planning on this expense now – we had hatched plans of upgrading to a bigger car in a few years, but tabled the discussion in favor of saving more money and growing our nest egg. Naturally a month after that agreement is when that idiot driver hit us. Seems my old friend Murphy hasn’t strayed far!
:: How did your last car cost? Will you be on the car hunt any time soon? Do you enjoy the hunt for a new or new to you vehicle? What’s your strategy?