Showing posts with label Budgeting & Saving Tips. Show all posts
Showing posts with label Budgeting & Saving Tips. Show all posts

Sunday, December 23, 2018

How Your New Car is Making You Poor

Since the booming Automotive Industry in early the 1950s, cars have become an integral part of our society. Buying a brand new car could usually symbolize success or achievement in life. Car companies spend billions of dollars on car advertising each year to attract new consumers, and that number is rising every year. Most new car purchasers believe that buying a new car could give them the reliability and the luxury. It feels good when others such as friends and families know that you bought a brand new car, and of course it feels better to actually drive a brand new car. I’m not against people buying new car. I myself prefer brand new cars over used one, however, if you are not financially stable, your brand new car can actually cost your future financial freedom and security. Let’s what your brand new car is really costing you.