Filed in archive
Finance
by Steve Rucinski on September 24, 2006
Here are just a couple samples:
Avoid the 20% "Fool's Tax"- Don't Buy a Brand New Vehicle. As soon as you drive a brand new vehicle off the lot, it's value drops 10-15%. Depending on the make and model of the car, the depreciation will continue to drop an additional 10% by year's end and each year after for the next two years. By purchasing a previously owned or leased vehicle either a year or two old, you'll still have a quality auto with available warranty while letting someone else take the major financial hit.
Never, Ever, Under Any Circumstances Take a Cash Advance on a Credit Card. Not only will you pay a ridiculous interest rate on the cash you withdraw, you'll pay fees- and interest on those fees- for the remaining years on your new, giant-sized, credit card balance.
Read the other 44 Things I Wish My Mom Taught Me About Money
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/37269
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