Don't Buy That Car! Or Anything Else!

This situation is inevitable.... It is going to happen. The question is...

Is it going to be you?

You're an adult. You can make your own decisions, and you don't need anyone telling you what to do with your money.

UNTIL! You see the commercial on TV. It has a smooth ride, it handles like a dream, it can stop on a dime, goes 0-60 in 2.3 seconds, and, most importantly, girls like it! Plus, it has a special financing special paying no interest for 6 years with a price reduction of $5,000 for one week only.

STOP! If you want that house. Don't buy the car. Even if you feel that you can afford a car payment and it is the perfect opportunity to get your dream one, mortgage companies have their own ideas about your ability to pay for a home and car.

We want to explain a little bit about:
1. This desire we have to spend money
2. The importance of your debt-to-income ratio
3. How a new car payment reduces your purchase price

Over the next few days we will be spending some time looking at these three things.