To a bank, a man who pays off his debt is scum
The key to smart money is to not cut corners and examine all the pros and cons before making a financial decision. It's also best to make financial decisions S L O W L Y. We never make large purchases on the spur of the moment. I just bought a new truck based largely on a rare opportunity to get one way below MSRP. But we'd already decided we would purchase one 6 months before buying. I just wasn't in a hurry and waiting saved us thousands.
To a bank, a man who pays off his debt is scum
So, how are you saving money in real terms?I have been actively looking for a new (to me) truck for over a year and a half...I too don't mind being patient to save some money.
So, how are you saving money in real terms?
You may be saving money from not paying interest, but it is costing more for a new model year truck, if that is what you’re plan to purchase is.
Looking at the time value of money, every year you wait to purchase, the more you will have to pay, or looking at it the other way, the less your dollar is worth.
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