43. “Our $300k income is variable and declining but we aren’t adjusting our lifestyle”
Money For Couples with Ramit Sethi
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Why Should You Not Buy a Car Based on the Monthly Payment?
You heard my me talk about the monthly payment on a previous episode, didn't you? I can tell cause you're you look like you're cringing. You know what's about to come your way. Buying based on a monthly payment is what un savy people do. They only focus on the monthly payment, when you should actually be focusing on the total cost of ownership. Remember, my car payment used to be 350 dollars a month, but when i factored in all my expenses, it actually costs over a thousand dollars a month.
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