MSN Money – 10 cars that lose value fastest – Save on a Car
Do you own a car that retains a good portion of its value over time or does your car depreciate fast? This article gives some insight and informs the reader about situations where depreciation doesn’t matter as much.
An additional article talks about the dangers of being upside-down on your car loan. Pay it off quickly! The problem is people get an “itch” for a new car that they have to have, and of course, desires like these are completely supported by the media and salespeople. Downpayments are lower, terms of the loan are longer… these factors all contribute.
An update on our Millionaires in the Making – Jan. 20, 2004
CNN/Money’s “Millionaire in the Making” feature is a favorite of mine. In this article, the columnist follows up with four previously-featured couples to see how they’ve progressed and to find out how many times they’ve been invited to be on Oprah.
It has been a month of gift giving and trip taking, so I’m not expecting to see much progress. To the tape!
| ||January 17 ||December 17 |
|Cash Accounts: || $ 13,760 || $ 14,621 |
|Taxable Investments: || $ 3,189 || $ 2,974 |
|401k (Pre-Tax): || $ 8,919 || $ 8,250 |
|Roth IRA: || $ 1,763 || $ 1,416 |
|Credit Cards: ||($ 1,821) ||($ 2,918) |
|Student Loan 3.97%: ||($ 1,720) ||($ 1,727) |
|Student Loan 2.82%: ||($ 9,250) ||($ 9,250) |
|Home Inventory: || $ 9,359 || $ 9,259 |
|TOTAL || $ 24,254 || $ 22,626 |
Well, it’s definitely not a huge increase. I’m planning on cutting back my spending by making my lunch more rather than going out… I tried this last year but gave up after my lunch bag was destroyed. I’ll pick a new one up this week.
Ask the Expert: Investing a windfall – Jan. 16, 2004
Here are some tips for a course of action when you receive a large sum at once, a problem most people would be interested in having. The author invokes Eminem while cautioning against financial advisors.