Why You Should Buy a Used Car Over a New One

Why You Should Buy a Used Car Over a New One

There are several good reasons why you should buy a used car over a new one. There are two reasons in particular that I find very convincing. Depreciation of Value Depreciation is the difference between the original cost and the current value over time. This is the most convincing factor from a financial standpoint as to why you should buy a used car. The moment […]

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When Should You Play the Lottery?

When Should You Play the Lottery?

A lot of people play the lottery dreaming of things they could do and buy with the winnings. The problem is they are putting their hope into something so insurmountably stacked against them that they don’t see their awful misuse of their hard earned money. So, when should you play the lottery? The short answer is almost never. The Long Answer Mathematically speaking, you are […]

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8 Traits Billionaires Have in Common

8 Traits Billionaires Have in Common

I recently read this article which listed the 8 richest men in the world. While I’m definitely disappointed that no women made it on the list, it made me wonder if the rich have anything in common that help make them…well rich. While I have no desire to become a billionaire, I do want to know if there are any tips, habits, or mindsets that […]

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Avoid the Problem with Lending Money to Friends and Family

Avoid the Problem with Lending Money to Friends and Family

From a financial standpoint, lending money to friends and family will be the most cost effective way for them to receive funds that they need. This is because you (probably) won’t be charging fees or interest, where as a bank would surely have them. However, there is a huge risk of potential consequence that usually emerges from doing so. The risk I am talking about […]

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Why Cheap Isn’t Always Better – Spirit Airlines

Why Cheap Isn’t Always Better – Spirit Airlines

As I mentioned in My Actual December Budget post, Jake and I flew Spirit Airlines on our way home from Las Vegas. To precursor this post, it was not a bad flight. After hearing all of the negative comments about the airline, I was afraid that I wouldn’t feel safe or that the plane would be uncomfortable. I was pleasantly surprised to find that the […]

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Advantages and Disadvantages of Leasing a Vehicle

Advantages and Disadvantages of Leasing a Vehicle

I think at some point we all have the choice of whether we want to lease or buy a car. I recently bought my car that I had leased for the past 3 years and can see the benefits and downfalls of both. While at this point in my life I’m more a fan of owning a car, here is what I learned from leasing. […]

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