this post was submitted on 25 Dec 2023
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Asklemmy
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One I don't see here that we follow, if we didn't absolutely need it yesterday we don't want it today. Keeps us from buying things that seem like a good idea for aren't really solving a problem for us.
Edit: Here's another one. Buy cars for cash instead of a loan. Here's how we do it: We save about ~$400 a month to buy a car, in a year we buy a ~$5000 car. We do it again and then sell that first car for about what we bought it for and put the new ~$5000 towards it.
Right now my wife drives a 2023 Ioniq 5 and I drive a 2014 Z51 Corvette with no payments. To be fair we've been doing this for a long time and we no longer do yearly upgrades. Last time was 5 years between upgrades and this time we think it'll be 10 years between upgrades.