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Save Money on Car Expenses | Car Payments, Used vs New, & DIY Car Maintenance

Save Money on Car Expenses | Car Payments, Used vs New, & DIY Car Maintenance

FromFrugal Friends Podcast


Save Money on Car Expenses | Car Payments, Used vs New, & DIY Car Maintenance

FromFrugal Friends Podcast

ratings:
Length:
55 minutes
Released:
Jun 29, 2018
Format:
Podcast episode

Description

In this episode we tackle a subject that is a bit beyond our expertise, BUT frugality can be applied to all areas of life; including cars!

We talk car maintenance, purchasing, and overall approach to vehicles that can reorient how we view transportation, while also exploring some ways to save money in the process!

We could tell you how to save on insurance or at the car lot but frugality isn’t just about saving money. It’s essentially about making fully informed purchases.

Notable Notes:

What the internet has to say:
Kevin Mercadante Article;This Money Under 30 article looks at the true cost of car ownership and explores 6 major vehicle costs including: fuel, licensing/registration/taxes, insurance, maintenance/tires, finance charges, and depreciation.
What Jen and Jill have to say: 
Having a car longer versus trading in seems to be the better deal BUT buy used! (depreciation will get ya)
Wisebread Article by Paul Michael dives into 8 easy DIY car repairs. Paul highlights a few vehicle maintenance jobs that could be done at home for those who want to expand their skills! 
What Jen and Jill have to say:
We love the problem solving/DIY approach!! There are some BOLD suggestions
Check out some simple car maintenance on youtube like this one: https://www.youtube.com/user/scottykilmer

BILL OF THE WEEK- Thanks Hannah from Souderton, PA for your awesome Bill of the Week!! We did not know this about duck bills!

frugalfriendspodcast.com/billIf you want to submit your bill of the week visit to call our Google Voicemail.

Our experience:
If you are wondering "how much should I spend on a car?" check out this article which gives a great break-down!
https://www.moneyunder30.com/how-much-car-can-you-afford
Basically, 10-35% of annual income IN CASH should be spend on a car
Buying quality used cars in cash has been the best system for us!

Sponsors: 

do it!Budgeting -




See omnystudio.com/listener for privacy information.
Released:
Jun 29, 2018
Format:
Podcast episode

Titles in the series (100)

Controlling your spending is hard to do. On every episode of Frugal Friends, we'll try to help you gain a little more control on one aspect of the countless directions your money is being pulled toward through frugality and a few laughs. If you're trying to save money, spend less, adopt minimalism, pay off debt or reach financial independence, we think you'll like the show.