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With thousands of parts per car, something will inevitably break or need upgrading.Not only do you have to pay for maintenance costs, you’ve also got to pay for insurance, parking tickets, and traffic tickets.Save more of your income after taxes and feel the squeeze so that you realize how ridiculous your car spending is.Cars built in the 1990’s and beyond are so much more reliable than those built prior.
Everybody knows to save early and often to allow for the effects of compounding. Imagine how much money you would have accumulated if you invested 0-0 a month in the stock market since 2009 instead of paying for a car? When you pay more than 1/10th your income for a car, you will become more stressed.You stop caring about door dings, bumper scrapes, even break ins. You start thinking stupid thoughts like: I’ve got to buy a matching chronometer watch, driving shoes, and outfit.