Practice This

The best way of getting out of debt is not getting into it in first place. Sounds simple but it’s hard to do it. Partly because it’s hard to be disciplined and not tempted to spend hard earned money on worthless stuff massively and aggressively advertised anywhere you look. But the main reason is because it is really hard to answer two simple questions:

Do I live my life below or above my means?
Will I have coverage when a payment is due?

If I cannot answer the first question then I am …

It is a second time I am on the hunt for a car. As with my previous purchase this one is used. This is the approach I am taking to find a used car:

Set your price range
Research on retail price – KBB
Have a general understanding what’s available – Craigslist.org
Research what’s available with local dealers – Bing Maps
Research on car’s history – Carfax.com
Research on consumers review – Edmunds.com
Find local buyers inspection services – Bing.com
Take into account risks

Let me expand on each one.