Your Paying $1,000 a month on a car?
Axios: Four-digit monthly car payments are becoming increasingly common as new-vehicle prices and interest rates spike.
Driving the news: 12.7% of buyers who financed their new vehicles in June agreed to monthly payments of at least $1,000, the highest level ever, car research site Edmunds reported Thursday.
The big picture: Supply chain issues and other inflationary pressures have made new and used cars, pickups and SUVs more expensive than ever.
By the numbers: The average new-car borrower agreed to a monthly payment of $672 in the second quarter on an average loan length of 70.3 months with a 5% interest rate, according to Edmunds.
If you are paying more then $400, you are crazy. But $1,000 plus a month, you have lost it.
Full Story: https://www.axios.com/2022/06/30/new-cars-trucks-suvs-prices-interest-rates
Side Gigs - for one month I am going to try several web sites that says you can make money from their site. I am testing 11 sites that offer an opportunity to make money on the side. If you watch Tictok, Facebook or even Instagraham, you will see these individuals claiming they know how you can make $4,000 to $10,000 a month. I am going to test them out and report back to you in one month. If you are doing a side gig, let me know if it is working for you, if you have tried it, and what site you are using to make money. Send your experience and your site to: info@lodge-co.com In this podcast I have given you my list.
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