Planning Major Acquisitions

Buying a new car

So you need to purchase a car or truck?  Why not Buy Wise and save before the major purchase.  Vehicle purchases have a major impact on the household budget.  Avoid higher cost option of leasing or Fleecing.  Let's discuss the future goal and figure out how much should be saved monthly to avoid financing and purchase in cash.

A woman sitting in her car holding up the keys.
A group of people in graduation attire holding their diplomas.


College costs are going up an average of 4% annually over the last 10 years (U.S. Department of Education).  Reviewing expected future costs for college for your children and setting a savings plan with defined monthly contributions can make it possible to achieve this goal.


Purchasing a house is the largest purchase in most people’s lifetime.  This single transaction can have a dramatic impact on your monthly expenses and the financial well-being of the household for many years.  A 20% down payment and limiting Housing expenses (Mortgage, taxes, insurance, and utilities) to 35% of income is a responsible approach to this major purchase.

A man and woman standing next to each other.

Useful Links

CPFB What should I know about the differences between leasing and buying a vehicle?

Lease vs Buy A Car

529B College Savings Plans

CFPB Decision to Rent or Buy