Ever Changing Plans

Car

The following is a staff writer post from MikeS.  He is a married father of 2.  So, with the cat, he ranks number 5 in the house.  He loves numbers and helping people. Please leave any questions or comments below for either Mike or Crystal. If you’ve learned anything about me over the last few years, you’ve learned that I am a planner.  I am always thinking about then future.  This is especially true when it comes to my personal finances.  I have short, medium and long-term plans.  Our next car replacement is falling into the short-term bucket.  We finish paying off my wife’s car this year and the plan was to wait a little while, maybe a year, then get a new car for me.  That plan is getting a revision. My Wife’s Car We bought my wife’s car in December of 2011 just after the little guy was born.  We had a smaller 4-door sedan, which was just not going to cut it with 2 small kids.  We sold the sedan for a slight loss and rolled the negative equity into the new car loan with a 6-year payment term.  Our financial shape at the time was ok, … Read more