Skip to main content
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.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.