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Should I drain out my savings to pay for car or have a car payment ?
Should I drain out my savings to pay for car or have a car payment ? I have $18,000 in savings. It is time to get rid of my car. I can maybe get ~$4,000 out of it. I’m going to buy another used car (a Corolla, so it will last a while fingers crossed) and I’m guessing it will be around $18,000. So that will leave approximately $4,000 left in savings. I put in around $400 in savings a month. That’s a huge chunk ou...
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