Tuesday, October 27, 2015

Question Of The Day


I bought a Ford Mustang when I was 22 years old; my first car and my first big expense. It was four years old but the previous owner had taken such good care of it that it looked brand new. It cost me about $4,000 to get the car and almost 25% of that amount to get it insured. I was a young and recent driver, so the insurance companies were whacking me!

Your turn.

30 comments:

  1. The first big ticket item I bought with my own money was a university education, although first the government loaned me most of the money and then I paid it back at nearly 16% interest. It was like financing my education on a goddamn credit card, but it was still worth it in the long run!

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    1. Wow, 16%! That is way too much. But you are right, an education is a great investment.

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  2. My first big ticket item was the new car at zero interest that we just got this past summer. Never bought a big ticket item like that before. Never, not ever. Though, I do remember long ago, buying my first not used or hand-me-down chair for my own place. It was one of those round chairs that you can curl and read in. Price tag: 100 smackers and for me, that was HUGE.

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    1. Zero interest is pretty awesome. I don't think I've ever seen that before! Did you have to push for that or did they offer it?

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    2. It's a promo they do a lot around here. Just need good credit to qualify and they hand over a car for zero interest and a ten year warranty. After many, many and let me add, MANY used cars for the both us, we finally made that jump to new. Her name is Betty. As in Betty Rubble.

      All my old cars were always Barney but when we got this one, she was just too flippin' pretty to be called Barney.

      Okay, you are my last stop for the night. Tomorrow afternoon starts our 10 day Halloween staycation. So HAPPY.

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    3. I love that you name your cars. And in such a cool way. Awesome about the 10 day staycation! Very awesome.

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    4. Thanks, Martha. We are ending our day out and about now at Barnes. Just sitting back, catching up on emails and a few blogs before they call time, and we shut this place down.

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    5. I'm so glad you are enjoying the staycation. I always love those. Whether it's being out and about on mini adventures or snuggled up at home, it's great.

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  3. Love me a 'stang girl! Uncle Jeffy and I have a red 5 speed convertible right now. It's red neck as hell and we love it! So, the first big ticket item I ever bought was a 1980 Chevette when I graduated from college. It was such a piece of shit but it was all I could afford. I still remember the car payment was 81 bucks a month.

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    1. I don't think we ever forget our first car. I had a cheap, lower end Mustang but it was my first car and I paid it on my own, so it was priceless. That is pretty cool about the convertible...you young'uns :)

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  4. My mother had me under her insurance. Made things wonderful when it came to pay up

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  5. Wow good for you Martha! All I remember is buying Canada Savings bonds at like an 18% interest rate. It was a good deal.

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  6. I can imagine what the insurance was like on that car, but I bet it was a fun car to drive :) Bought a car at 18, but with a little help from my mom in the down payment, but then I had to make the car payments myself and yep, even though it wasn't fancy like a Mustang, I still had high insurance costs being 18 and a new car.

    betty

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    1. The insurance is horribly high when you're young and fairly new to driving. I'm so glad those days are over!

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  7. I bet you loved that Mustang! My dad bought me a Ford Festiva (not quite as cool as a Mustang), and I voluntarily paid half of it - which amounted to about what you paid for your gem.

    Happy Halloween week, Martha.

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    1. I did love it. It was a cheaper end Mustang but I loved it just the same.

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  8. Happy memories of your first car ... my savings went towards my first flat (apartment), didn't have a lot of contents but they came in time!

    All the best Jan

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  9. Now I'm going to quibble. What is big ticket item? I bought a heifer when I was 12. I bought a Harley when I was 13. I bought a 1950 Chev that was 10 years old. I bought a new Pontiac Strato Chief When i was 22. Good enough?

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  10. Zoom zoom! I'm not sure what my first big ticket purchase was, but I remember a very expensive oil change that was the direct result of a cute, Australian boy working at the Oil Can Henry's that was a bit of splurge haha

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    1. Hahaha! I love this comment. Was it worth the expense?

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  11. My first big ticket item was the same a Debra's.....my university education. It took me 10 years to repay it all back.
    Not complaining but it was a pain in the butt.

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    1. An education is a great investment, Jim. Although I do support a much more affordable one for students. Schools should be very accessible and very affordable.

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  12. With my own money? In cash?
    I think some gadgets and my PlayStation 3-4.
    My bungalow and car do not count as i pay the bank for them still.

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    1. Oh, good answer. The bank does - technically - still own them!

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  13. i saved money for years and bought myself a summer of study abroad in junior college, was only a month and one country but that was, and is a memory that means the world to me.. great investment yes, and also broke up w possessive bad boyfriend. on a positive to that, so glad he was in my life earlier bc i realized SO quickly everything i did not want in a partner. wows.

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    1. That sounds wonderful, all around, especially about the bad boyfriend! That is great that you realized quickly that he was toxic!

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