Tip of the Week #318: A Simple Way to Save a Ton of Money

This might get me into trouble. 

There is an easy way to save a ton of money in America.  Avoid new cars. 

I spend a lot of time with students.  As soon as they turn sixteen, many start driving brand-new cars.

According to this article on lendingtree.com, the average car payment is now $737 dollars a month.  Since the average car loan term is 68 months, that comes out to just over $50,000—before factoring in insurance, registration, taxes, tires, oil changes, gas, and inevitable repairs.  Sheesh.

There’s a simple way to avoid this financial drain: buy used.

A mechanic recently advised me to look for Honda Accords or Toyota Camrys with around 115,000 miles. At that point, depreciation has leveled off, and most major issues have been sorted out by the previous owner.

Even if a used car needs repairs, you’ll likely still spend less than financing a new one. This article breaks it down well: Trip of a Lifestyle.

For most of us in America, looking for ways to save money, all we have to do is walk outside and look in your driveway.  There’s the trouble.

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Almost every Saturday, I send out a Tip of the Week.  The tip of the week is usually something I have picked up along the way that may make your life a little easier.

If you would like to hear from me (almost) every Saturday, just go to the home page of my site and plug in your name and email.   You will also get a free digital copy of my book on learning Latin (and almost anything else).  Just go here: https://dwanethomas.com/ and enter your name and email.

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If you are interested in learning Latin, you can go through the classes on my site 24/7.  I recommend the book Lingua Latina by Hans Ørberg.

If you tackle the book and find yourself bogged down, you may find the classes on my site helpful.  To join, just click here: https://dwanethomas.com/join/

If you want a more professionally filmed Latin learning experience, check out the best-selling DVD series: Visual Latin.

Or, if you want to skip Latin, and just jump right into learning English words from Latin and Greek roots, you may enjoy the series Word Up!  Warning.   Word Up! is a bit wacky.  You will learn a lot… but, you may find yourself rolling your eyes, too.

I teach other languages on my site, too.  The current schedule is here: https://dwanethomas.com/schedule/

By the way, some of the links in this post are affiliate links. Not trying to pull a fast one on you. I only promote what I believe in. Not only that, but commissions from affiliate links allow me to continue offering training and books at low prices and sometimes free.