3 Ways to Avoid Going Into Car Debt

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Grab the wheel and take control to become a debt-free car owner Staying on the highway to debt freedom can be hard for car owners that have to constantly dodge financial curveballs in the form of rising gasoline prices, frustrating garage bills and car insurance quotes that can often be mind-bogglingly high. That’s why here at EOD we love it when a plan comes together and our readers banish car debt. We want to hear more success stories like this one so we’ve compiled a few cost-cutting tips designed to make you a debt-free motorist.  Check if you need to […] Read more »

Reader News: “Today I Mailed Off My Last Car Payment!”

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Earlier this week Money Momma (an awesome EOD reader), left a comment on a post I wrote called It’s Not a Myth, It’s a Lie; You Don’t Need a Car Payment stating that she finally mailed off the very last car payment. I can’t tell you how excited I get when I receive news like this from my readers, but this meant an awful lot because I know just how hard she’s been working to pay off that vehicle and eventually become debt free. I DID IT!!!! Today I mailed off the last car payment. We had $1000 saved for […] Read more »

It’s Not a Myth, It’s a Lie; You Don’t Need a Car Payment

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Have you ever wondered what it would be like to own and drive a nice car without payments? Wonder no more. It's AWESOME! Imagine driving down the road care-free, except for the road in front of you of course, without having to spend the next 3-6 years paying for it. It's yours. You own it. And the best part is, you didn't have to pay any interest AT ALL. If you lose your job, you know your car will not be repossessed because you failed to make the payments. Ahhh, the good life! Read more »