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Update - NOT buying a new car (for now)

September 4th, 2016 at 06:30 am

When I posted my 2-year "big spending" goals, I had 5 items on the list. Now we're down to 3.

For the time being, we are not buying a new vehicle for DH. He has decided to keep his 17 year old golden chariot (KBB is $500) a little while longer. Yesterday he spent $141 (after rebates) on new tires. The car needed new tires, so that forced him to make a decision.

Given the low value of the vehicle, if it had a major breakdown we would not pay to repair it, we would just buy a new one. And if a fantastic deal became available on a vehicle we were really interested in came up, we would jump on it. So we still could end up buying in the next 2 years but the plan is to wait longer than that.

Still on the 2-year spending goals list: 1) Continue to maximize 401(k) and IRA contributions. 2) Replace some carpeted areas in the house with tile. 3) 25-year anniversary trip.

4 Responses to “Update - NOT buying a new car (for now)”

  1. Buendia Says:

    That makes sense to me!

  2. CB in the City Says:

    I have just put off buying a new car, too. I'm trusting that with the new repairs it will last me three more years.

  3. rob62521 Says:

    Makes perfect sense...how long until a car becomes a collector's item and the value then increases? I'd say tires are a necessary expense, especially when it comes to one's safety.

  4. FrugalTexan75 Says:

    It's good to reevaluate our goals every so often.

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