Dont buy a new car and 9 other common financial mistakes

I found this article today on 10 financial mistakes that are commonly made. It is amazing to think that people would even want to buy a new car if they are interested in achieving financial freedom. Recently my brother and sister in law purchased a used car. I was pleased to find that they were looking at a used car, although they are poor college students and couldn't likely qualify for a new car. I was more pleased to find that they were able to do so with a monthly payment around 100/month. Thats what I paid for my first 2 cars. I am now the proud owner of a '99 camry that has been incredible. I have over 210,000 miles on it and counting. They car has been amazing to me. I bought if off the auction when it had around 70,000 miles on it. Since purchasing it I have been pleased to sink less than $1000 of repairs into it. It has truly been a wonderful car to have!!

However, the article talks about 9 other mistakes common to most households such as running a credit card debt. Hope you enjoy it

Welcome to my musings

I've thought about starting a blog like this for quite some time. I dont know if anyone will follow it or care for that matter. But I find that an awful lot of people dont have a solid base when it comes to money matters and current economic events. They each play a big part in our daily lives. Financial decisions must be made each day and the shape of the economy we live in is what will shape the legislation for our financial playing field tomorrow. Each year legislation seems to add different nuances to the tax code that would be nice if we were aware of them. This blog is my attempt to share things I come across that I feel would be important for the general public to know about finances and our economy. I will often link an article that I found interesting or thought provoking to the blog. With that, let the blogging begin.