Evolving Personal Finance » Entries tagged with "loan"

Life Lesson: Don’t Lose Track of Your Car Title

Life Lesson: Don’t Lose Track of Your Car Title

When I was growing up, my parents had a large filing cabinet in their home office that was filled with important paperwork. My parents didn’t keep a perfectly clean and clutter-free house or anything, but this filing cabinet was meticulously organized. All the documents my parents wanted to keep track of – from birth certificates to insurance policies to repair records – were safely stored in this cabinet and accessible within moments.   When I moved to … Read entire article »

Filed under: cars

Why I Took Out a Car Loan for More Than the Purchase Price of the Car

Why I Took Out a Car Loan for More Than the Purchase Price of the Car

When I bought my car (the one that is currently not being driven) in 2008, I needed to borrow $3,500 on top of the $1,000 I had saved to pay the private seller.  However, I ended up taking out a loan for $5,000.  Why in the world would I take on more debt than was necessary?   First, I need to explain that I was in a little different mindset in 2008 than I am now.  I … Read entire article »

Filed under: cars, debt