Comments on: It’s Called “Personal” Finance for a Reason

By: The Business of Relationships

The Business of Relationships — Fri, 04 Nov 2011 10:03:45 +0000

[...] grown daughter & son recently each bought their first new cars and these were the first vehicles in years that we did not buy from our local dealer and the same [...]

By: Yosh

Yosh — Fri, 09 Sep 2011 01:06:15 +0000

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By: Save on Electricity

Save on Electricity — Tue, 23 Aug 2011 05:40:32 +0000

I prefer to purchase a used car myself (usually only 2-3 years old) because the biggest problem with new cars is that most people just buy them in order to show off to other people and then watch the car depreciate immediately and potentially end up owing more than the car is worth.

By: Primary Ownership or Vacation Home?

Primary Ownership or Vacation Home? — Mon, 21 Mar 2011 12:07:29 +0000

[...] and purchase a weekend or vacation home instead? Just like all things in personal finance, it’s personal for a reason and only you can know your situation and what’s best for you. While this may seem like a [...]

By: Year In Review

Year In Review — Wed, 29 Dec 2010 11:05:25 +0000

[...] financial management and saving. Obviously I can’t completely adopt your strategy to a T (this is personal finance, after all), I took bits and pieces of everyones tips/tricks and incorporated them [...]

By: Debt Free Budget

Debt Free Budget — Wed, 01 Sep 2010 12:39:34 +0000

[...] things I’ve already used like my student loans, or things that I am currently using, like my car. To me, that’s a lot of money, so recently I decided that I would take a number similar to [...]

By: HOW DANIEL MAKES EXTRA MONEY & YOU CAN TOO! | Barbara Friedberg Personal Finance

Thu, 05 Aug 2010 11:45:10 +0000

[...] It’s Called Personal Finance for a Reason at Sustainable Life Blog [...]

By: Jeff

Jeff — Fri, 30 Jul 2010 17:25:38 +0000

Wojo – I completely agree with your reading of peoples core financial problems. Sure, someone may pick the wrong stocks or not invest aggressively enough for retirement, but if they are spending more than they earn, they are going to be in trouble no matter what.

By: Wojo

Wojo — Fri, 30 Jul 2010 17:12:13 +0000

“I was taught that you bought a new car if you could afford one, and you drove it for 15 years or more.”

I was taught something similar, but a few years ago realized something that would work better for us…why not buy a 2-year-old car and drive it for 13 years?

Food for thought…

By the way, I completely agree that finance is 75% personal, but as you mention there’s the 25% baseline that contains those core principles that can’t be messed around with too much. I believe that most of the problems with people’s finances are attributed to violating that 25%.

P.S. Great blog! Very happy I stumbled on it.
Wojo recently blogged about July Fizzle update…a preview

By: Jeff

Jeff — Fri, 30 Jul 2010 14:25:39 +0000

BITFS – Getting out of the car trouble has been the best thing that’s happened to me, as I mentioned in the post. It felt like I could never gain any traction with my old one. Also, congrats on paying off both of your cars. I’ll sure be happy when I get to that point!

Leigh – Thanks for stopping by, I agree with the 1 size fits all stuff. I think what a lot of the people are trying to get people to realize is that it’s not difficult, and there are a few things that are 1 size fits all (like spending less than you earn).

I was not adverse to a gently used vehicle either, but they wanted more for an old truck than a new one. I got .9% financing, and even at that deal it was better than paying more for a used one