Comments on: My Dumbest Money Mistake http://amateurassetallocator.com/2008/07/24/my-dumbest-money-mistake/ Amateur Asset Allocator Tue, 16 Mar 2010 14:04:52 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Slinky http://amateurassetallocator.com/2008/07/24/my-dumbest-money-mistake/comment-page-1/#comment-1615 Slinky Fri, 15 Aug 2008 15:45:49 +0000 http://amateurassetallocator.com/?p=243#comment-1615 I just graduated this year and am about to buy a new car. Maybe I'll regret it later, but from where I'm sitting it makes a lot of sense. I'm also contributing to my 401k, Roth IRA, emergency fund, non retirement investment fund, and saving for a wedding at the same time. It's amazing how much you can accomplish when you're suddenly making more than 4 times what you've been living on. :) The key is to not let your expenses get crazy. I just graduated this year and am about to buy a new car. Maybe I’ll regret it later, but from where I’m sitting it makes a lot of sense. I’m also contributing to my 401k, Roth IRA, emergency fund, non retirement investment fund, and saving for a wedding at the same time. It’s amazing how much you can accomplish when you’re suddenly making more than 4 times what you’ve been living on. :) The key is to not let your expenses get crazy.

]]> By: Curt http://amateurassetallocator.com/2008/07/24/my-dumbest-money-mistake/comment-page-1/#comment-1538 Curt Fri, 25 Jul 2008 01:54:19 +0000 http://amateurassetallocator.com/?p=243#comment-1538 It's very hard not to treat yourself after getting through college, I know about that. I bought a house right after graduation, but luckily it increased in value so I paid off. But, I just as easily could have bought a new car. 10 years later, I still haven't bought that black BMW that I've been looking at. It’s very hard not to treat yourself after getting through college, I know about that. I bought a house right after graduation, but luckily it increased in value so I paid off. But, I just as easily could have bought a new car. 10 years later, I still haven’t bought that black BMW that I’ve been looking at.

]]> By: Cory http://amateurassetallocator.com/2008/07/24/my-dumbest-money-mistake/comment-page-1/#comment-1537 Cory Thu, 24 Jul 2008 19:51:14 +0000 http://amateurassetallocator.com/?p=243#comment-1537 I too bought a brand-new car when I started work full-time last August. A 2007 Honda Civic SI. I put 7k down, borrowed 3k from my brother, and financed 13k. Expensive? Yes. Would buying used have been a better financial decision? Yes. But honestly I've never regretted it for an instant. I. LOVE. MY. CAR. BTW I'm paying down the loan double-time so instead of 36 months it will be paid off in 18. Consumer debt is teh suck. I too bought a brand-new car when I started work full-time last August. A 2007 Honda Civic SI. I put 7k down, borrowed 3k from my brother, and financed 13k. Expensive? Yes. Would buying used have been a better financial decision? Yes. But honestly I’ve never regretted it for an instant. I. LOVE. MY. CAR.

BTW I’m paying down the loan double-time so instead of 36 months it will be paid off in 18. Consumer debt is teh suck.

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