Currently, my wife and I own three, paid-for automobiles, a 2001 Accord, a 2000 Town and Country, and a 1994 F150. Here’s my plan to replace our automobiles, over time, and always pay with cash. I plan to save about $10,000 by 2009 and use that money to purchase a newer, used minivan to replace the Town and Country. (By…
Month: May 2007
Dave Ramsey Rocks! (Even IF He Is Bad At Math)
My good friend, Nickel, is celebrating the second anniversary of his blog, Five Cent Nickel. Nickel is giving away several prizes, including a personal finance book, a couple of iPods, and a box of bricks! I am a huge fan of Nickel’s work and I suggest that you bookmark his site. (Click through the “March Madness” posts over at Free…
Philosophical Reasons For Not Borrowing Money (Or Using Credit Cards…)
A few months ago, I wrote a popular (and controversial) post about the fact that I do not use credit cards. In that post, I articulated the the practical and financial realities of living without a credit card. In this post, I will try to elaborate on my particular philosophical reasons for not borrowing money (including for the short-term with…