Shopping for a new or used car can be very stressful. Fortunately, you can ease the pain by knowing what you need, what you want, and most importantly, how to get it without getting yourself into a mess...
You have been waiting for this day for a very long time: it’s time to buy a car. But where do you start? This is unfamiliar territory; you have never bought something so big before. Certainly, the big question is on your mind: “How am I going to pay for this?”
Trying to buy a car as a teenager can be difficult, but it’s not impossible. Be prepared though, because the lack of credit history will be your largest barrier. A credit history is important because that’s how lenders know you pay your bills.
We live in a world where the pressure to spend money is stronger than ever. Everywhere we go, we are surrounded by advertisements. Advertisers have strengthened their ability to make people want something, usually by making us feel like we need it. Sometimes the feelings we get after seeing an ad make it really hard for us to resist impulse buying and prevent us from saving.
Why save if you have enough money to buy everything you want? Well, different people save for different reasons. For your stage of life, you’re likely thinking about a car, a trip with friends, money for college, or an item you really want but can’t afford at the moment.
With the SaveItUp Challenge coming to a close this year, we asked our members to share their personal savings story. Here’s what they said:
Have you asked your parents for a loan so you could buy something you really wanted? Maybe your favorite music group just released a new CD, and you don’t quite have enough cash on hand to buy it. You ask your parents if they will loan you $20 so you can buy it right away. Then you use the money from your next paycheck or allowance to pay your parents back.
If you are looking into buying a vehicle, you may be deciding whether to buy a new auto or a used one. There are pros and cons to both options, so here are a few things to consider when determining which route to go.
Terminology is an important part of every subject that you learn. It is important in learning about finances too. Here are a few standard lending terms that will help you when taking out a loan.
We’ve heard it said a million times, “debt is bad,” but, how many people can pay cash for their home, car, and/or child’s education? So, when does it make sense to borrow, and what debt should be avoided?