Why You Shouldn't Buy a Car

Don't spend more money than you have saved that you can just simply write a check for and buy the car. Limit your total vehicle ownership to ten % of your annual income, annual household income. Never more than 50%. You may find after shopping that you need to adjust your budget in some regard. But don't start by going out to the car market and kind of wandering around,. As soon as you do that, you will be quickly and easily enticed by low monthly payments, easy financing. Then you'll start justifying to yourself a whole long list of very practical justifications.