Car payments

I, too know the joy of paying off my car this month…also the memory of what happened the last time I paid off a car and,foolishly dropped the collision coverage only to be driven off the road by a 4×4 coming over a hill in my lane and totalling my Geo….the cause of the car payments I just finished !!

So WILL NOT drop my collision and will continue to pay the pmyt. into my credit union account since I’m already used to not having that $245 a month anyhow.

The account is out of town and a pain to get money out of so will be my emergency fund. With the help of this list and all the frugal sites out there my DH and I are actually getting a real handle on our finances after 34 years of ups and downs.

I have to say this is the parents fault

I have to say this is the parents fault -WHY did they let her buy a new mustang- there is a HUGE difference between a job for a little extra spending money some fashionable clothes and allowing a child to have an adult lifestyle ( new car etc) because they have a job –

I worked PT from 9th grade thru nursing school my grades never showed the difference (A’s) because I put school not work first — again IMO that is the parents fault if they let their kids grades fail and continue to let them work — when I was growing up working was considered a privileged and grades – attitude had to be kept up to keep the job.

I can tell you that when i was in nursing school i could point out which kids never ever had a job of any-kind- very little responsibility for anything – from leaving their stuff all over the schools kitchen to not taking clinical as id it was a ” job” in itself ( which it was )

Plus many kids have no choice if they want some extras- IMO it is much worse for a Mom to leave teh family so teh kids can have these extras than for the kids to work a few hours a week

I think the # 1 thing is doing al things in moderation- i bet 99% of kids who work ~ 10 hours a week will not have problems with grades etc. as compared to those trying to pay off cars etc. ( which IMO a new car for a teen is absolutely ridiculously a WANT not a need – a safe reliable car is a need and even that is questionable- i used my moms car until i got a used Toyota at 19 yo to drive to and from nursing school in )

Teens working

Felt compelled to reply when I heard about a teen wanting to work on a farm…farm work is one of the most dangerous jobs there are. Many farmers are killed or maimed each year and often these are young people who may understand how to drive a piece of machinery but don’t have the maturity/judgment to be around such dangerous equipment.

Even adult don’t always think/remember what they are doing. Remember taking care of a woman who had been partially scalped/one ear lost when she was working around a corn picker without her long hair under a cap and it got sucked into the machinery. The law says kids can’t work around dangerous machinery but it happens all too frequently…like slicers in deli’s and fast food shops…a neighbor kid cut off 4 fingers and lost his dream of joining the service using this kind of machinery; all to keep up his car.

Another girl was nearly killed falling asleep on her way home from her Walmart job all to keep up the payments on her new Mustang. I personally don’t think teens should work –their education should be primary interest with time for family, friends, church and community service. Studies have shown that the majority of teens who work have lower grades.

Plenty of years when you’ll have to work. DEE