So you want to buy a car? Read this first and decide what is REALLY important to you, and know what you are actually paying for.
This article is going to compare 3 different methods of vehicle ownership (leasing being more of a rental). I am using the average length of ownership of 6 years. So this means (2) 3 yr lease cycles as I am comparing leasing as a method to drive a vehicle. People who lease tend to do so in order to continuously drive new cars. If they wanted to buy back the car at the end of the lease, than they should have just bought it to begin with. This is not comparing someone who buys new and trades it in every few years, because they should be leasing instead. This is comparing those who lease and those who buy. Within those who buy I am using the average length of ownership of 6 years, so they buy the car and have it for 6 years. I will mention these points more than once but I want people to understand the premise. Factors could be changed to fudge results but these are very typical ways to own/operate a vehicle. Those who lease tend to do continue to do so, and those who buy tend to own longer than a few years.
Ok, so we all know that friend who always has a “guy” for everything. When it comes to car repair, you need a guy. Sorry for all the mechanics out there who work at garages, but you guys get a bad name for a reason. If we were to look at markups in the automotive repair industry you would be astounded. Not to the mention the labor rates, which are based on a book. Seems fair right? If your garage uses the standard labor rates, that’s just what it costs to get it fixed. Not so fast, Let me tell you a recent story about car repair that made me want to write this article.
My wife and I are looking to sell our house FSBO. We really like our realtor but I just feel like the 6% fee is not worth it, it’s like I am paying thousands of dollars to get it listed on the MLS, which I can do for much less through FSBO websites. Anyway, step 1 which I should have done a long time ago is make a website with a lot of pictures and descriptions. So here we go.
3 BR 3BA
SQ Ft main level 1152 + finished bsmt 900= 2052
.32 acre lot
Year Built 1976
Asking Price: $149,900
Similarly updated property at 8915 Birch recently sold for $163,000! Spacious open living room, updated throughout, Must see kitchen with island! Large backyard perfect for dogs and/or kids to play. Main level has 2 bedrooms plus a third bedroom that was converted to a walk in closet, but could be used as a nursery as it is being used now, basement has 2 rooms that could be used as bedrooms but do not have escape windows although one could easily be put in in the front of the house. Large (28×12)Covered wood deck. Attached 2 car garage. New Heating unit 2013, New gutters 2011, new roof 2008, New Trane A/C 2008, New trim and doors throughout house, New light fixtures and faucets throughout most of house. New 60 mill EPDM rubber roof system over deck 2012!
What I love about the home
The Kitchen! Walk in closet! Hardwood floors throughout main level installed 2008. New carpet and tile in basement. Very big laundry room. Sprinkler system attached to well so it doesn’t run up the water bill! Keeps your yard green! Very large covered deck off back of house.
Why are we selling?
Everyone loves to ask this question when people are selling something they say they like so much. It makes sense to ask, if people don’t have a good explanation maybe there is something wrong with it. In our case it is simple, the 3rd bedroom and our current nursery is attached to our bedroom (it was converted to a walk in closet). While it is fine for our little baby to be in the room right next to us, the thought of our toddler there is not very fun. We really need a typical 3 BR on the main level setup. That is really all it is, we love the house and have put a lot of time, work, and money into it to make it something we are proud of.
Lots of pics:
Kitchen, redone around 2004 with new cabinets, countertops, island, tile backsplash, tile floor. Within the last few years a new cast iron Kohler sink has been added.
New front door installed 2011.
Bathroom redone 2011. New floor tile, painted cabinets, tile surround on wall, faucet and hardware
New closet doors, wainscoating 2010
Large Laundry room, work surface, wash sink
I also tiled the large basement non-conforming bedroom and we use it as an office. I will try to get a pic of that up too.
Please share with anyone interested in buying a house in NW Wichita, KS!
So, apparently people don’t want financial advice as much as they do fashion advice. At least that’s what my site stats tell me. My article about the essential mens clothing items is by far my most popular. That doesn’t mean I am going to make this a fashion blog , but I have been sitting on this information since I posted that blog a while back. Just to be clear this is not my own personal work on all of this. I compiled information from several sites and combined it into one, I will post a link to the articles I pulled from. I added my own commentary but many of the main bullet points are from these articles. I pulled what I felt were the most important/relevant/entertaining.
20 Style rules for men
It has been a while since my last post, I wish I was able to keep up posting better. I am almost finished with the semester and hopefully this summer I will be able to do a bunch of blogs as I will not be taking summer classes. This semester has been pretty rough, 10 credit hours to go along with working full time and 2 kids. The credits may not sound like a lot, but because it is split between 4 classes (Bio and Chem each with labs) it made for a rather difficult schedule. Luckily my employer was willing to let me work around it. But this meant coming in at 630 am and working until 5 Monday through Friday going to class in between on most days. Then I hear a story about a guy going back to school at 35 with 3 kids, working 2 jobs, and took 65 credit hours in a year in order to apply to med school. Then I realize what I am doing isn’t THAT hard. I am fairly confident I can pull an A in chemistry but I think a B in Biology is more realistic. There goes my 4.0 only 2 semesters in. Oh well, enough about school. My wife is still being awesome and staying home raising our two children while I am gone more than I would like (Shout out). They are both growing really fast. Anyway, on to the blog.
Last time around when I was in college I didn’t have an iPhone or iPad. Now I have both and it has made my studying so much easier. I wanted to write this blog about 2 apps that completely changed my college experience, in class and out.
- Pay attention to clothes care and wash instructions and follow them, especially for your nicer items.
- Compare prices, it takes 10 seconds to copy and paste your item into google search, amazon, or ebay. Play it safe and check all three. No reason to pay more if you don’t have to. Always check for coupon codes as well.
- As always, stick within your budget, you do not have to buy the super expensive brands to get a quality product. That being said you do usually get what you pay for, so for these essential items be willing to spend a bit more than usual and get something that will last. In the end you will spend less because it will last much longer than it’s cheaper counterpart.
- Hit the Sales! Stores like Banana Republic and Express have items on clearance in store and online at a fraction of the original price. Great time to get deals. My wife and I recently went to Banana Republic and found very nice shirts and sweaters for $10-$20 a piece after the discount.
I am not writing this to brag about all the cool things we have. So I hope it does not come off that way, because anyone could have these things by borrowing to buy them. It’s not the things that are impressive, it’s not having the debt that usually goes along with them. Even so, I want this to be more of a pep talk for those thinking about trying to pay off your debts. You can’t get out of a hole by digging your way out of the bottom. So in order to get out of debt you have to stop spending. So that means for a few years you shouldn’t be buying any big ticket items. Afterwards, however, you have the ability to save and pay cash for things like you never did before. Without a car payment, credit card payments, any other type of loan payment, all that money can be put towards savings and spending. My wife and I like to make out goal lists for personal, financial, health, family, etc. Here are a few personal purchases we wanted to make in the next 5 years, but were able to do in 2012.
I can’t stand debt. In fact you could say I loathe it. And while I am pretty sure I could always refrain from what I call “consumer debt” (credit card, car, personal loans), student loan debt is another story. There are always ways to get it paid for (military service, rural job placement, scholarships, etc), but sometimes they are not worth what you get in return, and often they are after the fact (they repay the loans you already took out). For example, the military will trade a year of service per year of of school paid for. Depending on what your income will be on the open market it may not work in your favor.