Still Rockin' My 2010 Prius...

Discussion in 'Gen 3 Prius Main Forum' started by Lottamoxie, May 26, 2025 at 2:46 PM.

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  1. Mendel Leisk

    Mendel Leisk Senior Member

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    You probably also pay off credit car balances at the end of the month? Credit card companies, somewhat tongue-in-cheek, refer to such as "dead beats".

    I'm on the same wavelength, always paid cash for cars, and it's been decades since we had to pay interest on a credit card, usually just due to forgetfulness.
     
    #41 Mendel Leisk, May 28, 2025 at 12:10 PM
  2. Lottamoxie

    Lottamoxie Member

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    My only debt is my mortgage. I never accrue interest on credit cards, I pay everything off every month and always have. I was paying my mortgage to take my 30-yr down to 15-yr payoff, then I realized 4 yrs into my refi, my rate was low enough that I'd be better off keeping those extra payment amounts in my investments, so I backed off the double payments and continued to just have the monthly mortgage paid 1/2 every 2 weeks, automatically, so by the end of the year 13 months are paid. That helps whittle down the payoff years. I'm not in a hurry to pay off my mortgage, though I could write a check and pay it off tomorrow, if I wanted, and that's a good position to be in.... or, if I need to buy a new vehicle, I've got the $$$.

    I really could teach this stuff to kids (and adults) in honor of my father, but many don't want to hear it.
     
    #42 Lottamoxie, May 28, 2025 at 12:11 PM
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  3. Lottamoxie

    Lottamoxie Member

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    ALWAYS! My dad gave me a CC in his name when I went across country for my junior yr of college. He said the card was to pay for flights home at Xmas and for the summer or for emergencies, and he said "emergencies are not, "it's 2am and I'm hungry for pizza" or "Ohhh fun sale at the mall!" Those expenses had to come out of the spending money I got each month, not put on the credit card. I knew the rules, I complied!
     
    #43 Lottamoxie, May 28, 2025 at 12:17 PM
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  4. Mendel Leisk

    Mendel Leisk Senior Member

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    Getting into general finance here, but what the heck: about 5 years after getting out of our mortage, I was looking at our annual home insurance renewal, and noticed a paragraph with mostly unintelligible terms, plus mention of our bank..

    Little alarm bell went off, I checked with the insurance broker: yup, we'd been charged a premium, for our "having a mortgage", for 5 superfluous years. At least a grand CDN all told. Recovered a pittance of that, some gift cards or similar.
     
    #44 Mendel Leisk, May 28, 2025 at 12:21 PM
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  5. Lottamoxie

    Lottamoxie Member

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    Geez. :(
     
    #45 Lottamoxie, May 28, 2025 at 12:25 PM
  6. ChapmanF

    ChapmanF Senior Member

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    A neighbor of my grandmother's had me over for a visit when I was a young teen, maybe tween, and had a lot he wanted to tell me about stocks. I remember my eyes glazing over.

    A few years back, I had the opportunity to try the same kind of talk with another young person. I think that went better, partly because the person was not quite as young as I had been, and partly because I showed up with some shares of appreciated stock to open her account with. I think that reduced the eyes-glazing-over effect.
     
    #46 ChapmanF, May 28, 2025 at 1:15 PM
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  7. Leadfoot J. McCoalroller

    Leadfoot J. McCoalroller Senior Member

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    If you started saving for your next car 15+ years ago, you're theoretically ready to write a check at any moment for that car.

    ...which means it makes perfect sense to stretch that old one out as long as it cares to go. You can wait until it breaks down and they show you a shocker estimate for rescusitation.

    My apologies for the misunderstanding- you are in a much better position than most people are vis-a-vis car replacement.
     
    #47 Leadfoot J. McCoalroller, May 28, 2025 at 8:19 PM
  8. Lottamoxie

    Lottamoxie Member

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    Correct! I'm a saver, it's what I do. While I don't want to have to purchase a new car, I'm prepared for it.

    Exactly! My previous car was a 1998 Saab. Had it for 13 yrs (adored that car). But the time came where the check engine light and code showed a possible large/expensive transmission problem and the mechanic at the shop told me it was time to purchase a new or newer vehicle. When a mechanic tells you that....you know you're looking at a level of expense trying to fix the issue that's not worth it. Then I purchased my 2010 Prius.

    No problem!
     
    #48 Lottamoxie, May 28, 2025 at 8:40 PM
  9. rjparker

    rjparker Tu Humilde Sirviente

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    I can drive over 700 miles and not leave the state.

    Credit card companies still get 3-4% regardless if you pay in full or not.
     
    #49 rjparker, May 28, 2025 at 8:42 PM
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  10. Prodigyplace

    Prodigyplace 2025 Camry XLE FWD

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    #50 Prodigyplace, May 29, 2025 at 3:14 PM
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