Car induced net worth fluctuations
For everybody except the super rich, there will exist some span of time when your can't seem to save any money. What comes next is the excuses and mental acrobatics that your brain automatically calls on to try to justify your failure. Ask me how I know.
I touched on some major short term wealth detractors here in this article. They boiled down to the following:
- When you remodel
- When you buy a property
- When you splurge on yourself
Basically, when I say that sometimes it seems like you can't save any money, it means your liquid account balances stay approximately the same on a month to month basis. This can happen to anybody for any multitude of reasons. I mean, we all have that month when our property taxes become due, or when our 6 month car insurance premium gets auto deducted from the checking account. These things just happen and there is very little anybody can do to avoid it (ref: death and taxes.) Probably the best way for me to make heads or tails of this non-unique situation is to break down common unexpected or frivolous expenses, and rate them based on an arbitrary system I concoct in excel.
There ya go! I kind of did help you justify some things, but I also sprinkled a lot of self doubt and second guessing in there so you may have to actually *gasp*
Sorry about that. Don't bother thinking I really did all of it for you already.