re: Financial plan for recent graduate

quote:

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I will, when I get done grad school in a year, need a new truck.

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Here is the difficult question, why do you need a truck? I asked myself that when I bought a new vehicle. This is different for everyone since what you value/where you value allocating your money is different

Here's what I came up with

Reasons to get one
-I'm a guy. Guys drive trucks
-Utility of owning a truck
-Reliable in my experience

Reasons not to
-Trucks carry a significant premium
-Bad gas mileage
-Borrow friends/Rent for 19.99$ when I actually need one
-Ego is a way to spend money on things I don't need
-I can always buy a truck when I have real money if I need it as a 2nd vehicle and have it long term



Essentially what I realized was that my major goals right out of college wasn't to drive a truck, but to get myself on a solid financial footing and succeed in my career. I could always buy a truck when I am at that point, but buying a truck at that point in time held me back from getting there



****ETA: Buy a new Tacoma. The used market is so incredible hot right now, you really don't get a used vehicle discount buying a tacoma when you value the new Toyota Warranty + Lifespan + featuers