Friday, December 15, 2017

FINANCIAL FRIDAY: AUTOMOBILES





Happy Friday! I pray you are having a great week!  I was leaving a community event and decided to grab my camera and tripod and snap a few pictures next to my car. It took me some time before I made a decision to purchase a luxury car because I felt owning a home and building a share portfolio was first more important.  Well, I wanted to share a few tips I learned while owning vehicles that allows me to save money.

1. The majority of the time I park my cars in my garage. This helps to prevent weather damage to the exterior of the car.

2. Every few months I take my cars to get serviced. This helps to extend the life of the vehicle. It also saves me money by doing preventative maintenance. The longevity of a vehicle is so important for someone like myself because I prefer to keep a car for the longest period of time.

3. Next having a good car specialist to perform the maintenance work on your vehicle is key. My definition of good is someone that takes pride in performing quality services.

4.   I don't drive the same car for a long period of time. I alternate cars so I am not overworking one vehicle all the time.

5. Last, cars depreciate so quickly in value and they are liabilities when you don' t actually own it. Therefore save and pay cash if possible for your vehicle because it will definitely save you interest. The ownership will also create a temporary asset in your net worth portfolio.









Thank you for reading and have a blessed weekend!







2 comments:

  1. I love the printed shirt under the leather dress, great layering! :)

    Good car tips too! We saved up for a while to get our current car - most expensive car I've ever owned or driven, but it was nice to have a new car for once (usually in my family we get second hand cars, this is the first one I've ever bought new!). I love it, definitely a good investment with the kids!

    Hope you're having a great weekend! I'm excited it's nearly Christmas! With most of the wrapping done and just waiting for the last gifts to arrive in the mail, we are trying to have a relaxing weekend as next week will be so busy.

    Away From The Blue Blog

    ReplyDelete
  2. Love this look on you! Perfect leather dress, Tifanny! You look HOT and beautiful!
    Have a wonderful week!
    Much love, Len
    www.lenparent.com
    XO

    ReplyDelete