In today’s edition, we look at a timely topic: major purchases. There are important things you should consider before buying a brand new car, purchasing a home for the first time, or even whether or not it’s good to invest in a for-profit college education. Take your time with these major purchases in life and you’ll be able to recover from those poor, but smaller, spending decisions.
Best Quick Money Tips
Money Mic: Why I Would Never Buy a New Car – “Most financial experts recommend that you keep your car-related expenses (car payment, gas & insurance) around 10-15% of your net pay, but if you’re buying a $30,000 car on a $51,000 salary, then you could be spending around 25% of your net pay on car-related expenses.”
How Do You Know You’re Ready to Buy a New Home? — David Weliver proposes some questions about you and your finances, and how you answer those questions will shed light on whether or not it’s a good idea for you to buy a home. Just because you can doesn’t mean you should.
What’s a For-Profit School: Pros and Cons of Online Colleges — If you’re considering going back to school or you have a child enrolling in college soon, this article parses the advantages and disadvantages of choosing an for-profit online school.
7 Tips for Buying an Engagement Ring — The thoughts about “cut” are spot on. Focus on that “c” and you won’t be disappointed.
How I Increased My Income by $2,000 in One Month — Carrie from Careful Cents breaks down how she increased her side jobs income by 40% and offers tips for anyone who needs to do the same.
More Quick Money Tips
4 Ways to Keep Your Financial Household Sexy — You can watch it on video or read the list, either way Jeff Rose guests on Budgets Are Sexy and outlines the things you need to do in order to make sure your household’s finances are indeed…sexy.
5 Airports with the Best Business Services — Frequent fliers and business travelers will find this list of best business airports helpful. But even if you don’t fall into that category, you’ll probably find the list of airports and the amenities they offer to be helpful.
How to Watch Sports Without Cable TV — If you want to cut costs by cutting cable but you’re worried it means you’ll lose your sports channels, here are some ideas for keeping them.
The Wu-Tang Marketing Plan — Interesting piece about the rise of the Wu-Tang Clan and how they set the standard for branding the in hip-hop world long before people even knew what “branding” was.
Vote for Me in the PF Olympics — If you’ve got a free moment, swing by the PF Olympics and throw a vote for my article on ableBanking.com.