Pimp Your Bank Account, Not Your Ride

August 18, 2011

There’s a show on MTV called Pimp My Ride, in which people would get extreme makeovers for their cars. But this post will be about a different kind of extreme makeover for what is probably your largest monthly expense, after your home. After all, getting from point A to point B can be expensive. It’s not just the sticker price on your car. It’s also the interest on the car loan, insurance, gas, maintenance, and repairs that go with it. An employee in one of my webcasts said she spends $400 a month on gas alone.  To make it worse, unlike owning a home, a car is usually a depreciating asset.

Here are a few keys (no pun intended) to minimizing this cost: Continue reading “Pimp Your Bank Account, Not Your Ride”