Optimizing Your Car Budget... Not Really
The Jesse Mecham Show
YNAB
4.7 • 1.1K Ratings
🗓️ 15 March 2021
⏱️ 8 minutes
🧾️ Download transcript
Summary
Jesse attempts to give some advice on purchasing a car... before admitting that he has no advice to give! Well, maybe a bit of advice. Jesse reminds us that optimizing your budget involves optimizing for YOUR needs and wants. Jesse chooses to lease a Tesla to drive around in, because he wanted to have as little headaches with car maintenance as possible. That's important to him today, but ten years ago his needs and wants were totally different, and thus the things he chose to optimize his budget for were too.
So this episode is not about how to buy the most cost-effective used car, or how to get a good deal on a new car, or anything like that. It's about examining your own needs and shaping your budget around them.
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Transcript
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| 0:00.0 | Hello wineappers, my name is Jesse Meakum and this is podcast number 475 for wineapp where |
| 0:09.4 | we teach you 4 rules to help you stop and pitch it to paycheck, get out of debt and save |
| 0:14.3 | more money. |
| 0:16.3 | One of the biggest purchases you'll make is your house and one of the next big purchases |
| 0:21.2 | you'll make is multiple cars. |
| 0:24.3 | And the wineapp team was asked what topics should I cover in the podcast and one of the |
| 0:29.3 | popular requests was tips on buying a car. |
| 0:33.2 | And I do not have any tips on buying a car, but it did get the old gears turning. |
| 0:39.4 | You see what I did there? |
| 0:40.4 | I'm good for a pun now and again, or gears grinding, maybe. |
| 0:45.8 | I haven't purchased a lot of cars and one, two, three, four, five, there was, I actually |
| 0:53.0 | became an expert, there was one moment back in 2006 where Julian and I purchased three |
| 0:58.5 | cars in two weeks because of two car accidents, basically. |
| 1:03.5 | Anyway, long story don't need to go into it here, I'm not an expert on buying cars. |
| 1:08.2 | As a matter of fact, I may be one of the worst people you could possibly ask as it relates |
| 1:13.8 | to car purchasing. |
| 1:16.7 | Or something. |
| 1:17.7 | I would never borrow money to purchase a car. |
| 1:23.0 | But if I was stuck with zero transportation, I would borrow money to purchase a car. |
| 1:27.4 | I would just eke by with the junkiest thing I could possibly eke by with and I've actually |
| 1:32.8 | done that for many years. |
| 1:35.4 | But the idea now of optimizing around the purchase of a vehicle, it just doesn't give me that |
... |
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