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<blockquote data-quote="Oldfart" data-source="post: 2389311" data-attributes="member: 64407"><p>I don't know. I have never owned a new car. I am saving my money for my mailbox income when I retire. I buy older cars that I can pay cash for and take care of them and drive them till the wheels fall off. It's not that I can't afford a new car, it's just not a priority of mine. Read some financial publications or maybe even a Dave Ramsey book, even though I don't agree with some of his teachings. Living on less and saving more will allow you the financial freedom to do whatever you want later in life. </p><p></p><p>It is common knowledge that a person will NORMALLY spend whatever they make. If everyone here got a 10k a year raise, I would wager that in 2 years, that extra 20k would not been seen nor accounted for. Kinda like when a person pays off a car loan or a large credit card bill. In their mind they now have an extra 400.00 a month to save. In 1 year, that extra 4800.00 is nowhere to be seen.</p></blockquote><p></p>
[QUOTE="Oldfart, post: 2389311, member: 64407"] I don't know. I have never owned a new car. I am saving my money for my mailbox income when I retire. I buy older cars that I can pay cash for and take care of them and drive them till the wheels fall off. It's not that I can't afford a new car, it's just not a priority of mine. Read some financial publications or maybe even a Dave Ramsey book, even though I don't agree with some of his teachings. Living on less and saving more will allow you the financial freedom to do whatever you want later in life. It is common knowledge that a person will NORMALLY spend whatever they make. If everyone here got a 10k a year raise, I would wager that in 2 years, that extra 20k would not been seen nor accounted for. Kinda like when a person pays off a car loan or a large credit card bill. In their mind they now have an extra 400.00 a month to save. In 1 year, that extra 4800.00 is nowhere to be seen. [/QUOTE]
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