Why Are Cars A Bad Investment Essay
1. Why are cars a bad investment?
- Cars are a bad investment because they eat up your money. You have to look at cost of ownership, because all cars depreciate in value very quickly. Insurance, maintaince, and financing are three major things. Because you’re younger, your insurance is higher, because the car is older the maintiance is higher, causing you to have to pay more money. 2. What are some of the ways that you can save money when buying a car? - Some of the ways that you can save money when buying a car is to look around and make sure that you find the right car at the right price that fits your budget, as well as making sure it fits with your insurance and if the gas filling won’t be expense. You should also take your …show more content…
What is emergency money? Why would someone need emergency money? - Emergency money is having enough cash on hand to cover emergencies. Someone might need emergency just in case there car breaks down or if you have an accident unexpectedly of some sort. 4. Why is using a credit card for emergency money a bad idea? - Using a credit card for emergency money is a bad idea because if you don’t pay the credit card bill at full when it comes in you will have to start paying interest on the unpaid portion. 5. What are some of the ways that people waste money? - Some of the ways that people waste money is withdrawing cash from an atm that isn’t from your bank takes more money out of your account than you want. Or buying stuff that you don’t need, or paying for cell phone bills. 6. What are some of the ways that you could save more money? - Some of the ways that you could save more money is to cut back on certain things that you’re paying for that you don’t really need. 7. How can someone build wealth? - Someone can build wealth is to buy more stuff that makes money and buy less stuff that loses value. 8. Do you have more money makers or money losers right now? How can you help build your
- Cars are a bad investment because they eat up your money. You have to look at cost of ownership, because all cars depreciate in value very quickly. Insurance, maintaince, and financing are three major things. Because you’re younger, your insurance is higher, because the car is older the maintiance is higher, causing you to have to pay more money. 2. What are some of the ways that you can save money when buying a car? - Some of the ways that you can save money when buying a car is to look around and make sure that you find the right car at the right price that fits your budget, as well as making sure it fits with your insurance and if the gas filling won’t be expense. You should also take your …show more content…
What is emergency money? Why would someone need emergency money? - Emergency money is having enough cash on hand to cover emergencies. Someone might need emergency just in case there car breaks down or if you have an accident unexpectedly of some sort. 4. Why is using a credit card for emergency money a bad idea? - Using a credit card for emergency money is a bad idea because if you don’t pay the credit card bill at full when it comes in you will have to start paying interest on the unpaid portion. 5. What are some of the ways that people waste money? - Some of the ways that people waste money is withdrawing cash from an atm that isn’t from your bank takes more money out of your account than you want. Or buying stuff that you don’t need, or paying for cell phone bills. 6. What are some of the ways that you could save more money? - Some of the ways that you could save more money is to cut back on certain things that you’re paying for that you don’t really need. 7. How can someone build wealth? - Someone can build wealth is to buy more stuff that makes money and buy less stuff that loses value. 8. Do you have more money makers or money losers right now? How can you help build your