Balancing your cash flow is about enjoyment now versus later.
This is a subjective arena, but if you look at an objective case study, you can see that it is possible to either save now or later with the same end result.
There are two caveats to either spending now or later; you have to consider how you would adjust to taking a cut on your spending habits, and you have to think about how your long-term health affects your plan.
Most cars come with a basic warranty package, but an extended warranty option costs extra and isn’t necessarily worth the money.
The average vehicle’s lifetime is eight years or 150,000 miles and on average, costs $914 to maintain per year.
If you pay your car off after five years, and you continue to save the same monthly car payment over the last three years, you can use that money to help pay for your next vehicle, pay down debt, or save for other goals you have.