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How to Eliminate the Two Biggest Sources of Financial Stress
The Art of Manliness
Research and Considerations for Buying a Car
Before buying a car, it is crucial to conduct 10 minutes of research to determine the value of your trade-in and the cost of the new car. This information will help you understand the total cost of the transaction, including potential out-of-pocket expenses. Additionally, it is recommended to not only focus on the purchase price but also consider other costs like maintenance, insurance, and depreciation. To make a well-informed decision, it is advised to allocate no more than 10% of your income towards transportation expenses, which covers gas, insurance, and depreciation.
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