Comments on: 44 Ways to Ruin Your Financial Life By Age 30

By: Jess

Jess — Fri, 06 Jan 2012 22:14:04 +0000

#17 is not always true. See my posts.

By: Jess

Jess — Fri, 06 Jan 2012 22:12:49 +0000

#17 is not always true and creates some risks. I don’t think this can be a clear cut rule. You have to do the math. Buying an 8 year old car for $7,000 will probably only last you 2-4 years until things start breaking on it, depending on the mileage. You also really have no way of telling whether the previous owner took good care of it or not. Let’s say you luck out and it does last you 4 more years without any major problems. That makes the price $1,750 per year. Where if you bought that same car brand new for $20,000 and it last 12 years without any major problems, then the price of the car is $1,666 per year. This example is a rough estimate for a Honda Civic without all the bells and whistles, with help from Kelly Blue Book. The price of the new Corollas might even save you more money than the Civic. Also, you have to factor in how soon that 8 year old car will need new tires and other minor fixes. Where, a new car for example, doesn’t need any new tires or maintenance for about 60,000 miles. Therefore, a new car CAN even be cheaper, while being less of a headache with repares. New cars will also be under warranty for you for a longer period of time.

By: The Month In Links – May 2010 — The Savings Journey

The Month In Links – May 2010 — The Savings Journey — Thu, 03 Jun 2010 22:17:27 +0000

[...] 44 Ways to Ruin Your Financial Life By Age 30: “Hopefully, by sharing a few of these bad money moves, it will prevent others from doing the same. And don’t worry, if you are over 30 and still doing these things, it is never too late to start living frugal.” [...]

By: Financial Planning Resources

Financial Planning Resources — Mon, 24 May 2010 17:50:40 +0000

[...] 44 Ways to Ruin Your Financial Life by 30 at Frugal Dad [...]

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By: Some tasty links from the last month «

Some tasty links from the last month « — Sat, 22 May 2010 07:56:28 +0000

[...] Frugal Dad warned of 44 Ways to Ruin Your Financial Life By Age 30 and do you know what – I bet there are… [...]

By: 33 Things: The Week’s Amusing & Intriguing Links — Evangelical Outpost

Fri, 21 May 2010 07:04:28 +0000

[...] 6. Clothing of the Future, From the Past: What 1930’s Designer’s Thought We’d Be Wearing in A.D. 2000: 7. 44 ways to ruin your financial life by age 30 – guaranteed. [...]

By: Weekend Coffee Links »

Weekend Coffee Links » — Thu, 20 May 2010 17:03:09 +0000

[...] 44 ways to ruin your financial life forever: I’m…screwed. Guess I should have listened to my dad about that Roth IRA and well, mostly everything else on the list. Sorry, Dad. I’ll make you breakfast every morning when I’m forced to move home and live with you. [...]

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