If you are thinking of trading in your car for another car, you better promise me you are not going to fall into a money trap that is catching so many car buyers right now.
I can learn so much about a household’s commitment to building financial security by asking them about their car.
Many of you are writing in to tell me that your lenders have contacted you with offers to temporarily suspend your monthly loan payment during this recent crisis.
It didn’t surprise me to read that more than 40% of Americans say they are stressed out by their car loans.
According to the car data experts at Edmunds.com a record number of Americans are making one of the worst financial moves ever. Edmunds.com says that nearly 1 in 3 new car
According to Experian, the percentage of consumers who chose a lease when purchasing a new car jumped from less than 27% a year ago to a record high of 31.4% in the second quarter of this year.
When it comes to ranking financial fears, worrying about how your family will fare if calamity strikes is probably at the top of your list. Yet for some reason, no amount of fear has pushed you to the point of (finally!) taking the steps to protect yourself and your family from the “what ifs” that can strike at any time. I am not here to scold. Or guilt you. I just want you to get past this excruciating fear once and for all. Here’s how:
One of the hardest challenges managing your financial life is figuring out how best to juggle multiple goals. And one of the most vexing decisions is what to do if you have credit card debt and you have money sitting in your emergency savings fund.