No. of Recommendations: 2
I bought a new Honda Acord in 1990 and drove it for 17 years. Got tired of it.


Two of the cars in my "fleet" are a Pontiac and an Oldsmobile, to give you an idea of the age of my cars. I hate having to put a set of $400 tires on a car worth less than $2000, but some things are too important to cut corners. Once or twice a year, there's a repair, and $200 to $500 is still less than a monthly new car payment.

We do keep a newer vehicle (minivan) which is the one used for long trips. Hearing a weird noise or noticing a strange smell is worse when you're far from home.

We're in the same house we bought 33 years ago. In addition to the costs of buying a really expensive home, I think that costs of constantly upgrading and moving are "friction" to building wealth.

My kids have some friends who eat out EVERY DAY. I'm not exaggerating, the family really does eat at a restaurant more than seven times a week. Talk about food expense.
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