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• Don't buy more car than you can use

  Posted May 07 2008, 10:07 AM by Karen Datko
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  Filed under: travel, spending, family, insurance, transportation
  Money Blog: Smart Spending Blog - MSN Money

  Buying a large SUV or pickup truck for twice-a-year trips to Home Depot or ski weekends makes little financial sense. Poster Doc Ricketts offers his take on what drivers really need when they buy their next vehicle:

  First, adequate seating. This is the number of seats needed for regular use.   Read More...

  Discuss ( 3 comments) 1,392 Views Digg this | Email this | Link to this

• Opportunity cost or opportunity lost?

  Posted Oct 25 2007, 07:41 AM by Karen Datko
  Filed under: debt, travel, spending, family
  Money Blog: Smart Spending Blog - MSN Money
  Clever Dude explores how the concept of opportunity cost applies to daily living and concludes that life is not just about the bottom line . He explains a decision (he acknowledges was "lambasted" by some readers "as a frivolous waste of money") to buy his wife, Stacie, a new MINI Cooper after considering other options, like saving or investing the money, donating it or paying down other debt. "Opportunity cost is also more than just calculating numbers," he writes. In the end, what was most important was providing Stacie with dependable transportation in a car that makes her smile.
  Discuss ( 1 comments) 469 Views Digg this | Email this | Link to this