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Optimal Finance Daily - Financial Independence and Money Advice

1630: Reduce the Cost of Car Ownership by Dawn Starks of Simple Money Pro on Tighening Up On Car Payments

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.41.3K Ratings

🗓️ 26 August 2021

⏱️ 9 minutes

🧾️ Download transcript

Summary

Dawn Starks of Simple Money Pro talks about how to reduce the cost of car ownership Episode 1630: Reduce the Cost of Car Ownership by Dawn Starks of Simple Money Pro on Tighening Up On Car Payments Dawn Starks has been a financial planner for over twenty years. Her aim with financial planning work has always been to simplify things for clients. Making concepts easier to grasp and less scary is the goal. Dawn's SimpleMoney project - the blog, podcast, and soon-to-be courses and book is a co-project with her husband Greg. The original post is located here: https://simplemoneypro.com/blog/reduce-the-cost-of-car-ownership/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by London Business School.

0:03.8

Looking to accelerate your business, or understand the opportunities in AI or ESG, are you thinking

0:09.3

about taking the plunge into entrepreneurship, or about what leadership skills will take

0:13.6

you to the next level?

0:15.0

To listen to the latest insights and discussion from Albus Faculty, subject experts and industry

0:20.4

insiders, look for podcasts from London Business School.

0:23.8

Navigate the now and be prepared for what's next with London Business School.

0:30.0

This is Optimal Finance Daily, episode 1630.

0:34.1

Reduce the cost of car ownership by Don Starks of SimpleMoneyPro.com.

0:39.7

And I'm your host and personal finance enthusiast, Diana Mariam.

0:44.0

This is the show where I serenade you with the sweet sounds of personal finance knowledge

0:48.3

from some of the best blogs on the planet.

0:51.4

For now, let's get right to today's post as we optimize your life.

0:59.8

Reduce the cost of car ownership by Don Starks of SimpleMoneyPro.com.

1:06.4

In many places, public transportation is an adequate to get us where we need to be, making

1:11.4

car ownership necessary.

1:13.2

In the United States, at least, car ownership can also be a status symbol.

1:18.3

Some families even maintain multiple vehicles for different purposes.

1:22.5

But owning and maintaining a vehicle can be costly.

1:26.1

According to AAA, in 2017, the average cost of owning and maintaining a new car was about

1:32.4

$8,500 per year.

1:35.2

The survey done by AAA included interest on a car loan, maintenance, repairs, fuel cost

...

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