How Much Should You Spend on a Car? (My Answer May Surprise You!)

The Personal Finance Podcast

Andrew Giancola

Business, Entrepreneurship, Investing

4.7 • 1.4K Ratings

🗓️ 26 May 2021

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

055 How Much Should You Spend on a Car? (My Answer May Surprise You!) Got questions? Ask me on Instagram Here. @mastermoneyco This is the fastest way to get a response from me. . Sponsors Thanks to our sponsor Ladder. Check them out at www.ladderlife.com/pfp. Thanks to our sponsor Manscaped (Manscaped.com) for sponsoring this episode of the podcast. Use code PFP20 at checkout for 20% off + Free Shipping! Want to Support the Show? Follow on Spotify or Follow and Leave a 5-Star Review on Apple Podcasts! Today We Discuss: How Much You Should Spend On a Car What to do if cars are your hobby What to look for in a car Should you buy warranties My exact car buying system How to buy a car and retire early More Episodes You Will Love: How to Choose the Right Budget for You How to Prevent Lifestyle Creep Big 3 Expenses How you Can Have a Free Car for Life! Check out all the Stuff I Recommend! M1 Finance Best Place to Invest Personal Capital Free Wealth Management and Budget App CIT BANK (Best Savings Account) Best Personal Finance Books The Simple Path to Wealth - J L Collins The Millionaire Next Door - Thomas Stanley I Will Teach You To Be Rich - Ramit Sethi Rich Dad Poor Dad - Robert Kiyosaki ** Some links may be affiliate links and we earn a small commission at no extra cost to you. We only recommend products we truly believe in. Check us out on social fam! Twitter Dollar After Dollar Instagram www.thepersonalfinancepodcast.com www.dollarafterdollar.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	On this episode of the Personal Finance Podcast,
0:03.5	we're going to talk about how much you should spend on a car. What's up everybody and welcome to the Personal Finance Podcast. I'm your host
0:28.0	Andrew founder of Dollar After Dollar.com and today on the personal finance podcast we're going to be talking
0:36.0	about how much you should spend on a car if you have any questions about this episode follow me on Instagram at dollar a f t r you can hit me up with a
0:46.9	d m and ask any questions you have on Instagram and follow us on Spotify apple
0:52.0	podcast or whatever podcast player you love listening to this
0:55.4	podcast too.
0:56.4	And if you want to help out the show, leave a five-star rating and review on Apple Podcast.
1:02.4	Now today we're going to be talking about something I get a question about constantly
1:05.7	Which is how much you should spend on a car now as we've talked about in the past
1:10.8	vehicle ownership is part of the big three expenses.
1:14.0	Now what are the big three expenses?
1:15.8	It's housing, food, and transportation.
1:18.9	And if you can control these three expenses, these three expenses will encompass the majority of
1:24.1	your spending and the majority of your budget. So a lot of times if you're
1:27.7	overspending in specific categories, if you really can't keep cash on hand if you're
1:32.3	living paycheck to paycheck,
1:34.0	a lot of folks spend the majority of their money within these three categories.
1:40.0	Making sure that you can actually control your spending in these categories is one of the biggest wealth builders you have at your disposal
1:46.4	Because if you're overspending in these categories and you cut back on these categories, it's going to allow you to start building a lot more
1:53.4	wealth because with that extra money you're going to be able to apply it towards
1:58.8	investments apply it towards paying down debt and that's what the power of controlling these big three expenses are.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Andrew Giancola, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Andrew Giancola and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.