Search Results for: 1/10th rule for car buying

Why Do People Spend More Than They Make?

13 Comments / Budgeting & Savings / By Financial Samurai

Why is it that the #1 re-occurring theme in the personal finance community is addressing how to eradicate debt due to overspending? What is it that makes a rational person spend more than their income allows? Why do people spend more than they make? It’s irrational. If you have $5 bucks in your hand for […]

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Cash For Clunkers = Personal Finance BOMB!

12 Comments / Automobiles, Budgeting & Savings / By Financial Samurai

Cash for clunkers was a failure. Let’s discuss the cash for clunkers program in more detail. The latest development in the “Cash For Clunkers” legislation is that it may be extended for one more month until labor day. Under the program, buyers of new cars and trucks can get rebates of $3,500 to $4,500 by

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