Member-only story
Personal Finance
You Thought You’d Be Driving Your Car
But your car is driving you…
“What Have I done and How Do I Get Out?”
About a week ago, my friend in America called me feeling devastated and hopeless. Her finances were in ruins and her flashy car was the reason. Her car payment is draining her pockets empty and she has years until it’s paid off.
She doesn’t live in the heart of the city where she has access to safe and affordable mass transit.
Now this is a real problem many of us face.
If you’re lucky enough to live in an area with good and reliable public transportation, then you’re fortunate and less likely to spend a fortune on transportation.
My friend isn’t that lucky and needs a personal transportation to get to work and get around. But despite that, she’s questioning whether financing her car was a wrong move.
“What have I done and how do I get out?” she cried.
You thought you’d be driving your car but your car is driving you to financial hardship.
