Sunday Headlines: Our Infatuation With Cars

What is it with our infatuation with cars? I mean they guzzle gas, depreciate at an incredible rate, take a rocket scientist to fix the most simple problem, and much, much more. They even could end up costing you $125,000 in possible wealth over 10 years!

To me, a car is something that gets you from Point A to Point B. It do not have to get to my location wrapped in leather seating or with windshield wipers on my headlights. However, some people need that. I guess they have to let everyone know that they have made it.

As you already know, I spend my days as a financial counselor. There are many times that I have people come in to my office and say to me, “I just do not know where my money goes, I have none at the end of the month”. Per usual, I check out their expenses to find out they have a $400 car payment. I ask them what they drive and it turns into a 10 minute response on “rack and pinion steering” and “my awesome GPS”. At the end of their rant, I usually end up recommending that they may want to consider selling their car for something more economical. Do they end up doing it? Most do not but I at least get them thinking about it more.

So why are we so in love with something that costs us so much? What do you think?

This Weeks Headlines

How To Keep Your Job Forever

How I Bought $700 Tires For $115

5 Lessons from Life After a Double Lung Transplant

What The 1% Buy At Disney World

How a Surprisingly Simple Checklist Saved Us $1,365 a Year By Eliminating Wasted Food

It’s Never Too Late to Ditch Your Gas Guzzler

What I Wish I Knew About Life and Finances In My 20′s

Why Delegating Is The Best Way To Get a Life

4 Steps To Never Having a Car Payment Again

Carnival of Personal Finance #378

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Have a wonderful week!

 

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photo by: akeg

2 Responses to Sunday Headlines: Our Infatuation With Cars

  1. Mike Collins says:

    Have you read The Millionaire Next Door? That and other studies show that the majority of luxury cars are not driven by the wealthy, but by people trying to appear wealthy. Cars have become an expensive status symbol, but like you I’m not interested in fancy cars. I’m happy with my 10 year old Camry and no car payment.

    • Adam says:

      Yes, I have read The Millionaire Next Door. It was a great book that everyone should read, especially those whom I spoke about in the article.

      I too love my 7 year old Malibu with no car payment!

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