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The Rachel Cruze Show

Why Owning a Car Can Kill Your Budget (and What to Do About It)

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.83.6K Ratings

🗓️ 5 August 2024

⏱️ 26 minutes

🧾️ Download transcript

Summary

💵 Start your free budget today. Download the EveryDollar app! From rising insurance prices to increased inflation rates, there are countless factors that affect the cost of owning a car these days. So this week, I’m sharing practical ways to take control of your money in the auto section of your budget. In This Episode: · Why It Hurts More Than Ever to Own a Car · Top 11 Worst Cars to Have During Inflation · This 9-Minute Video Could Save You Hundreds Next Steps · 💰 Check out the Ramsey Car Guide. · 💸 Take the 5-Minute Coverage Checkup. Offers From Today's Sponsors · 🏥 Learn more about Christian Healthcare Ministries today! · 🧩 Use code Rachel20 for 20% off your TruPlay annual subscription. Listen to More From Ramsey Network 🍸 Smart Money Happy Hour 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 💸 The Ramsey Show Highlights 💰 George Kamel 💼 The Ken Coleman Show 📈 The EntreLeadership Podcast Ramsey Solutions Privacy Policy

Transcript

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0:00.0

Now the best strategy during tough times like this is to be aware of what's happening

0:09.3

in the economy and know which you can control.

0:13.0

So it's called personal finance,

0:15.0

personal for a reason.

0:17.0

Money is always going to have a personal unique debt

0:20.0

to your situation.

0:22.0

Hey guys, welcome to this episode of the Rachel Cruise Show podcast.

0:26.0

I'm so glad that you're here.

0:28.0

So in this episode we'll discuss the top 11 worst cars to have during inflation. Then we'll chat about the rise in

0:35.4

insurance and what to look out for that could save you hundreds. But first I

0:40.6

want to talk about why it hurts more than ever to own a car.

0:45.0

Take a listen.

0:46.0

So remember during the pandemic when it seemed like all of our basic necessities cost way more than they used to. I mean used cars went up. I mean more

0:56.7

than even new cars which was crazy. Well listen it is no longer 20-20

1:01.1

2021 which means the cost of used cars now has dropped back to normal.

1:07.1

But all other expenses related to cars, like insurance premiums, repair services, and

1:12.3

replacement parts have drastically increased recently.

1:16.0

And not to mention interest rates being crazy high over the past couple of years,

1:20.3

which affects you big time if you're taking out a car loan which I don't want you to do

1:24.6

that but yeah that's another episode for another time. All right the bottom line is

1:28.8

is that it's hurting more than ever to own a car right now.

1:32.7

But in the spirit of hope, you also have more options

...

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