I saw some comments about wealth building in another thread and got to thinking about how lots of us maintain our cars to save money, both on labor and by keeping them running for a long time. My first thought was, jeez, compared to the wealth you can build by owning a home, the money you save keeping your car in shape is peanuts.
Then I started thinking more and realized they are kind of related. If you’re able to maintain your own car and don’t overextend yourself with your transportation budget, sure is a lot easier to save up a down payment and lowers your transportation expenses so you can afford a mortgage.
I guess I convinced myself that taking care of your car yourself is actually worth it in the long run, you just have to look at it the right way!
Then I started thinking more and realized they are kind of related. If you’re able to maintain your own car and don’t overextend yourself with your transportation budget, sure is a lot easier to save up a down payment and lowers your transportation expenses so you can afford a mortgage.
I guess I convinced myself that taking care of your car yourself is actually worth it in the long run, you just have to look at it the right way!