When a Car Payment Is Not the Norm

Once of our rules for building wealth is not to borrow for depreciating assets, which includes cars. But our old car is starting to fail and we're struggling with the idea of spending a lot of cash to buy a new (to us) car.

It’s winter in New Zealand and just recently my car heater decided to crap out. Well, technically it still works, only it blows cold air, not hot. As we don’t have a garage the car is exposed to the elements. I have to de-ice windscreen with warm water before driving in the morning. It’s a … Read more