This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
and everything else, too
Cars are liabilities because they usually take money out of your pockets instead of vice versa.
Around 85% of car owners manage car notes.
On top of this, most people can’t afford a $400-$500 emergency. Yet people are still upgrading their phones, shopping for non-essentials, and financing cars and homes.
Not only do we need to stop using debt to buy cars, but we need to stop using debt to buy all non-essential items.
If you can’t afford to pay cash, you can’t afford it.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.