Many people look only at the initial cost of an item and never think twice about the ADDITIONAL costs that WILL be coming down the pike at you. An example would be your car purchase where you not only have the price of the car but also taxes, insurance, tags and title fees. And don’t forget the biggie : maintenance and upkeep expenses…. Now, I know full well most people like to stick there head in the ground and not talk about such things, but if your gonna be financial “smart” you would be wise not to be one of those people. Being in the automotive aftermarket for many years I have seen many examples people being totally unaware and surprised when normal everyday things happen. On that I recall vividly back years ago was a customer that had recently purchased a cobra mustang performance car. Along with great power and handling it comes with very expense ‘special’ tires that allow it to perform at it’s best. But as with most things there is a trade-off : They wear out very quickly! … and at over $1,000 a set ,they aren’t cheap! …. I still remember my customer saying that he could barely afford the monthly payment and had no money for new tires. I ended up helping him out by finding used tires for him and he ended up replacing one at time as they were completely worn out. He was a classic example of someone not realizing how much money in maintenance and upkeep a performance car was going to be. He would have been way ahead of the game if he bought a car he could easily afford when you factor ‘everything’ in.
Educate yourself about the ‘ADDITIONAL COSTS’ every time you make a purchase before you buy and you won’t find yourself surprised at the normal extra expenses that always will come up. Today it is so easy to become knowledgeable on any subject everything is right at your fingertips!… DO IT! John