Economy VS Upgrades
10-19-2008, 09:58 AM
#11
JK Newbie
Join Date: Aug 2008
Location: Salt Lake City, UT
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I usually put the brakes on (no pun) during downturns. Having been laid off before I'm determined to not experience that feeling again. It absolutely sucks when you can't find work yet the bills keep coming.
I'm trying to save up the cash for new wheels, tires and bumpers instead of putting it on a 0% card.
I'm trying to save up the cash for new wheels, tires and bumpers instead of putting it on a 0% card.
10-19-2008, 07:38 PM
#12
JK Super Freak
Join Date: Mar 2008
Location: Springfield, MO
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Here's my take with some overlap to what others said:
- Don't go in debt for your modifications
- Break it down into manageable stages and save money for each one
- Try to keep money on hand for great deals that may pop up
- Make sure you have enough savings to cover your minimum expenses for 3-6 months (6 months being typically recommended) -- more if it may take longer than average due to your career choice
) Fortunately, with winter coming I won't be as likely to drop money on the heep anyway. I just have to pray that things are looking better by March when the bug hits again...I am fortunate enough that my wife and I have some savings set aside for a rainy day, but even that doesn't make anything easy. My wife was talking yesterday about using our savings to pay off things like my tractor, but I had to remind her that if things got bad enough that we were going to lose something, the tractor would be the first thing I would turn over. I have actually gone through the mental exercise of determining how thin we could get our budget if situations required it, and have actually implemented some of the changes to build the savings up a little quicker.
Just my .02, but mods should come well after the higher priorities on Maslow's list...