Part 1/14:

Financial Wisdom and Practical Spending Strategies

The Emotional Traps of Buying Cars

One of the most common ways people overspend is by purchasing or leasing cars. The reason behind this tendency is rooted not just in numbers but in emotion. Many individuals buy cars based on how they think the car will make them feel—how they will look, the family memories they associate with it, or the status it confers. The speaker shares a personal anecdote about upgrading their first car without properly calculating affordability, only to find themselves struggling financially afterward.