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Questions about your finances, the state of the world, whether your spouse deserves you?  Fire away, it's Free Advice Thursday!

292201[/snapback]

I ate some bad chicken on Monday and have been suffering ill effects since. When can I expect to fully recover?

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Last night I made a huge mistake. Enourmous. Told myself I wouldn't do it. But I did anyways. Yes, that's right. I was at a Ford dealer and asked about a used 2002 Ranger XLT they had on the lot, 28,000 miles, $13,900. It's similar to my 1998 Ranger XLT with 144,000 miles, but has power windows/locks, and cruise. My trade in value (according to Kelly Blue Book online) is $2,700. But I still owe about $3,100 on it. So should I even bother thinking about trading in/buying? My truck is running fine, just needs an EGR sensor. I've been spending the last 3-4 years getting myself back in good financial shape, and should have my truck paid off by the end of September to mid October.

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Last night I made a huge mistake. Enourmous. Told myself I wouldn't do it. But I did anyways. Yes, that's right. I was at a Ford dealer and asked about a used 2002 Ranger XLT they had on the lot, 28,000 miles, $13,900. It's similar to my 1998 Ranger XLT with 144,000 miles, but has power windows/locks, and cruise. My trade in value (according to Kelly Blue Book online) is $2,700. But I still owe about $3,100 on it. So should I even bother thinking about trading in/buying? My truck is running fine, just needs an EGR sensor. I've been spending the last 3-4 years getting myself back in good financial shape, and should have my truck paid off by the end of September to mid October.

292267[/snapback]

Keep your current vehicle. Drive it until it explodes. Car payments suck. Let's say you were faced with this decision back in 1976. You keep your truck and invest the $13,900 in Vanguards 500 Index Fund. Today you would have over $525,000.00

 

Little known fact: People who buy new cars and drive them for 10 years or buy used cars and drive them for at least 5 years will retire a minimum 5 years earlier than people who change vehicles at more frequent intervals.

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