Your Dream Retirement Car? 🚙

I recently had a long leisurely with one of my good friends because I hadn’t seen her in quite awhile and she is still in the working world, although, she is three years older than I.

I actually understand why she is still working is because she and husband made some bad financial decisions.  It would probably be best for her to work until she is 70 year old.

Understand that there is not a big Playbook in the sky that tells us how to manage money.  We’ve all heard to save 10% of your paycheck or have six months worth expenses in saving, etc., etc., etc. but the truth is that people spend and save money based on childhood experiences.  If you grew up in a financially secure and stable household, you may tend towards saving your money, however, if you grew up poor and an unstable, you now maybe a spendthrift.

Anyways, as my friend and I was sipping on our Millionaire Margaritas, she mentions that she is saving up for a car to buy after she retires – a retirement car.

Now, my friend isn’t the first person to talk about a mythical retirement car but in all honesty, no one should be creating new debt after retirement.

When you are retired, you should be still be saving as much money as you can just like you should be doing before retirement.

People live in worlds where they think that it’s okay to use their credit cards as loans to live lives that they weren’t meant to live.

There is a sense of entitlement that just because one works hard that they are entitled to live an aspirational lifestyle without money.

I remember years ago, my Carol, was trying to get a girls trip together for a Napa Valley Wine Tasting Train from San Diego to the Bay Area and back.  I already knew without looking at the numbers that it was going to be an expensive trip.  A train ride is just as expensive as flying.  Plus food?  It’d end up being a very expensive girls trip.  Being from Northern California, I’d been to Napa Valley and wine tasting plenty of times so I had no plans going that trip.

If you want a dream retirement car then buy the car like a year before you retire so that you are not creating new debt in your retirement.  Besides that you don’t drive as much as when you was working.

 

{ 2 comments }

  • Mel October 9, 2019, 11:05

    Preach girl!

    • Ms. B. October 9, 2019, 12:26

      LOL!!! 🤣🤣🤣🤣