Personal Note On How I Spend My Money Essay - 968 Words

First and foremost, before I make any big financial decision I ask myself, â€Å"Is this purchase within my means?† and â€Å"Do I really want this?† These are the main questions that factor into how I spend my money. If my initial gut feeling is that of uncertainty, I tend to back off from that purchase. In 2013, I purchased a black Dodge Challenger SXT Rally Redline edition for my 24th birthday. At the time, I was driving a silver 2007 Dodge Caliber my mother had bought for me as a graduation gift. It was paid for in cash so the only expenses I had to worry about were insurance and maintenance. But, there always is a but right lol. I really, really, reallyyyyy wanted a new car and I was tired of being 6’6 squished in a Dodge Caliber. I was fortunate enough to graduate college without any student loans and I recently just paid off a $3000 debt I owed to my University. I wanted to reward myself for the hard work I put in throughout the years. Honestly, I donâ⠂¬â„¢t have any regrets I just wish I did things a little bit more differently. Here are the numbers for my 2013 Dodge Challenger CAR PRICE MSRP $31190 Price Paid $28,690 GA State Taxes $1435 GA State Fees $53 Dealer Customer Service Fee $489 New Max Care Coverage Plan $1997 Optional Gap Insurance $800 Total Purchase Price $33,464 DOWN PAYMENT Trade In-Allowance $4600 MFG Rebates $2500 Total Down payment $7100 AUTO LOAN Amount Financed $26,364 Length of Loan 75 months Payment per month $435 Loan APR 7% Finance Charge $6,261Show MoreRelatedWeek 1 Personal Finance Plan Worksheet998 Words   |  4 PagesUniversity of Phoenix Material Personal Financial Planning Worksheet Directions Based on your readings and discussions in class this week, answer the following multiple choice questions. 1. The process of creating a detailed plan to meet your financial needs and prepare for the future is called b. personal financial planning. 2. 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