The Real Reason You're Broke

For a huge number of troubled debtors, it all began with a car. Too much car, financed too long, traded too soon.

By Liz Pulliam Weston
MSN Money

If you're constantly broke and can't figure out why, the answer may be sitting in your driveway.

READ ON!

Excellent article. I have been postponing the purchase of a new car for a few years now, and I think I will continue. No need for the BMW when the Toyota is still runnin smoothly! ( I want it, but dont need it.)

AMEN!!!!

Didn't have to read too much of the article (not even one whole paragraph) to espouse/enact that belief. It's one of MANY reasons why the MTA is always going my way. Besides, driving has too many fiscal and mental responsibilities that I don't want to accept.

Good article! I HAD to buy a new car when my Honda died with 220k miles on it. I bought a used 2004 car. I hate car payments...