Daily Links: Car Talk Edition
Wednesday, 9th January 2008 (by J.D.)This article is about Spare Change
Thanks to everyone who offered advice on my car troubles. It’s too bad most of the repairs were already completed when the article went live — you guys could have saved me some big bucks. But I’ve learned for next time.
Soon, I’ll look for a reliable independent mechanic in my neighborhood. I already have a couple leads, including some from the Car Talk Mechanics Files, which several readers recommended. I also like the idea of creating a separate account devoted exclusively to auto expenses: both for repairing my current vehicle and saving for a new one. Great tip.
- In the Get Rich Slowly discussion forums, sschow wonders what holds us back from achieving our financial goals. Low-paying jobs? Poor investment decisions? Bad spending habits? “Personal finance is easy, so why aren’t we all rich?”
- Have you ever wondered what it means for a stock to pay a dividend? At All Financial Matters, JLP recently examined the ten highest-yielding Dow stocks. While this information is fun in a stats-geek sort of way, he also provided a quick crash course in dividend yields and what they can tell an investor.
- Lily at The Honest Dollar got on her soapbox last week to post a manifesto in defense of personal finance bloggers. I agree with her: We’re not experts. We make mistakes. But I think we’re doing out best to learn what works, and to share that information with others.
- Finally, at MSN Money, Liz Pulliam Weston offers 10 way to simplify your life in 2008. I’ve already begun to embrace many of these: use direct deposit, get true overdraft protection, consolidate your accounts, create a bill calendar, etc. Great advice, as usual.
Oh, by the way — the heat in my car works now that the coolant system is fixed. It had been out for a month, but I’d put off taking the thing in. Maybe if I hadn’t procrastinated, the problem could have been nipped in the bud.


It really is an Ounce of prevention vs $2000+ cures!
Well all do it though…we turn up the radio to “fix” the car. Out of site, out of mind. But as you said a $250 repair can become a $2500 repair bill very quickly.
Glad all is well now!
Muchos gracias for mentioning my article! Ugh, and I am so glad that living in New York, I don’t have to worry about buying and maintaining a car. Good luck with that in the future!
Regular maintenance can be like an emergency fund. Put a little money in (insert subject here) today so that down the road, you avoid a financial disaster.
This can readily apply to other areas of life. Invest in the small things all along the way to avoid potential disasters in the future. I think it works with parenting, your marriage, your job, AND your finances. Sometimes you invest money, sometimes it’s time, sometimes it’s just a kind word.
I refuse to buy American cars until they can build quality ones that last beyond the warranty! In the last 21 years we have owned 3 cars, 2 Honda Accords and 1 Toyota Camry. Our current Honda has 72000 miles on it and is 8 years old. I have spent less than $2800.00 in total maintenance costs on this car in those 8 years and that includes replacing a battery and 4 tires! The oil and filter gets changed at least 3 times per year, usually 4 times. The amazing thing is that these cars are made here in the USA with lots of USA parts! So why can’t Ford, GM and Chrysler do the same??????????
“The amazing thing is that these cars are made here in the USA with lots of USA parts! So why can’t Ford, GM and Chrysler do the same??????????”
Union labor. If they have to pay unskilled workers an exorbitant amount of money, free health care and very generous pensions, they have to cut costs somewhere.
And what advice would you give those of us who just started an emergency fund (only $200 so far) and got hit with a car repair estimate of $1400. I have no idea of where to start trying to get money to cover it. The worst part is I need the car to get to my job, which is a 45 minute drive. Unless I fix the car, I can’t work, which means I can’t make money to fix the car. HELP!!
Well, I too have a car dilemma, I started saving yes, however, i needed to pay off some high intrested loans, did that, then guess what- my Chevy (a good truck for the most part) needs 400.00 in repairs, it just goes to show that life is like a jar of Habanero peppers, What you do today, Might burn your ass Tomorrow!
I guess its back to 2 jobs for me.
JD
I think it may be time for you to buy a Japanese car. With just simple oil changes, most Japanese cars will last a lifetime. I tend to stay away from American auto brands…although I’d possibly consider a Mustang
-Raymond
I just added some car repair tips on my new pf blog i just started.
http://growmydough.wordpress.com/