You Can Pay Me Now or...
Spending money on vehicle maintenance is like flossing our teeth. A little bit of unpleasantness on a regular basis can ward off a whole lot of unpleasantness down the road. According to a Bankrate.com article, $1,000 of vehicle maintenance can prevent $8,000 of repairs. The article highlighted the need for regular oil changes, tire rotations (and air pressure checks), and regularly scheduled replacement of timing belts, brake pads, PCV valves, spark plugs, and filters.
Matt’s View
One of the best ways to minimize the cost of maintenance is to choose the right car. I recently heard a BMW owner talk about spending $400 to replace his car’s battery. Ouch! To investigate what a vehicle is likely to cost in maintenance and other expenses, use the True Cost to Own calculator on Edmunds.com .
This article filed in: Vehicles
Managing Money by The Book
- "Therefore everyone who hears these words of mine and puts them into practice is like a wise man who built his house on the rock. The rain came down, the streams rose, and the winds blew and beat against that house; yet it did not fall, because it had its foundation on the rock." - Matthew 7:24-25
Recommended Resources
- Money, Purpose, Joy - Discussion Guide
- If you want to take your relationship with money to a whole new level, bring the subject into your small group. It can be scary to open up about money, at least at first. But the "Money, Purpose, Joy Discussion...…Read the rest
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