Had to borrow someone's car recently and it reminded me: most people on the road don't actually own their car—the bank does. Yeah, the new car was nice with Bluetooth and all the bells and whistles, but at what cost? I'd rather take the bus and save cash than be in debt for something that goes down in value the second you drive it off the lot. Today I'm talking about why I'm avoiding car payments, the one thing worth going into debt for (a house), the 25% rule for "toys" with motors, and where that interest money could go instead (retirement, index funds, actually building wealth). My car broke down and I'm taking public transportation until we save enough to buy our next vehicle in cash. Financial freedom over fancy features. Blog Post Here.