Sure, “all work and no play” can be a recipe for a dull life, but an impulsive splurge on a big toy to amp up the excitement might be more than what you bargained for. Instead of flirting with buyer’s remorse, take some time to research and plan for your big-ticket item so you can fully enjoy its awesome potential.
A new year is upon us, and we all know what that means: time for resolutions. Maybe you’re eyeing ways to improve your health, relationships, community or environment. But don’t neglect adding some financial goals to the list – after all, improving financial wellness can have a positive ripple effect on all those other areas.
Buying a car can be a big step. After all, there are so many ways to get around with ride share and car share services – not to mention roadways friendly to bikes, public transit and even e-scooters – that it’s easy to put off owning a car of your own.
So, you’ve got a bad case of wanderlust. The cure, of course, is to give in, book a trip and have the experience of a lifetime. But if you’re diligently working on being financially awesome, consider pressing pause and evaluating the impacts of a travel adventure.
If you’re in the market for a new car, you’ll need to come to a major decision beyond the make and model: lease or buy? Over the long-term, leasing a vehicle tends to cost more than buying one. But, the long-term savings associated with buying may not be enough to offset some of the short-term rewards of leasing.
It’s easy to get caught up in the whirlwind of winter holidays, but nothing is worse than waking up in the new year with a financial hangover that threatens your long-term savings goals. Whether you’re planning well ahead of schedule or have only weeks to go, consider some strategies to help save for the seasonal splurge.
Whether blown away by the adrenaline rush of kiteboarding, lured by the laid-back vibe of wine tasting, enthralled by the Zen-like state achieved in woodworking, or captivated by any of the countless other pursuits out there, there are two things almost all hobbies require: time and money. We can’t help with the former, but we can offer a few pointers about the latter.