Home ownership used to be one of the most vital parts of achieving the “American Dream.” However, with rising home costs and wages that are struggling to keep up with inflation, many families are forced to hold off on purchasing their very first home until much later in life or go without home ownership altogether. What used to be an accessible milestone has quickly become a Herculean feat only few can actually accomplish.

Living in a large city without reliable public transportation like Atlanta or Los Angeles makes having a car a necessity. Going to work, dropping your kids off at school, and running simple errands would be incredibly inconvenient if you didn’t have a car to get around. The price of new cars has risen an average of 32% since 2018, making it incredibly important to know how to responsibly purchase a new vehicle without putting your financial livelihood at risk.

When I was young, my parents taught me the basics of finances at an early age. We practiced balancing a checkbook, recording transactions, and even went over the good, and bad, sides of accruing interest. It was extremely important to them that I kept a good grasp on the money I spent to ensure it didn’t surpass the amount of money I had available. I never knew just how expensive life was until I got older, and it continues to amaze me even now.