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How to Eliminate the Two Biggest Sources of Financial Stress
The Art of Manliness
Navigating the Car Buying Process and Budgeting Wisely
When buying a car, it is crucial to do basic research on the value of your trade-in and the new car to understand the financial implications. Remember to consider additional costs like maintenance, accidents, and insurance when budgeting for a car purchase. A rule of thumb is to spend no more than 10% of your income on transportation, which includes gas, insurance, and depreciation. By factoring in all costs associated with owning a car, you can make a more informed decision and ensure that your purchase aligns with your financial situation.
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