Blog

Short blog posts, journal entries, and random thoughts. Topics include a mix of personal and the world at large. 

I almost bought a car

Last week, that is.

I already have a car, obviously, but the GT3 is used exclusively for weekend fun only. During the work week I take the bus, which has been and continues to be wonderful because I don’t have to stress over San Francisco’s notorious traffic. That said, the changeover to the month of July and its subsequent developments had me looking at cheap lease deals last week.

For the past year I’ve been paying for my brother’s car insurance, because he was still in his last year of undergrad and therefore his income can’t possibly afford to insure a 2018 Golf GTI for his 20 year-old self. I, a maker of decent money, and a proper Asian big brother, stepped in financially for until he graduates and finds a proper job.

Well, those two events happened within the last two weeks, and I suddenly find myself an extra $200 dollars richer per month from now onwards. Coincidently, my own insurance on the Porsche dropped significantly (some $400 less on the six months renewal), so cumulatively I had enough to cheaply lease a second car that will get me to and from work, and also, to and from the GT3 on the weekends. Not caring one bit in how luxurious a car is or whatever amenities it’s got, I zeroed in on a poverty-spec 2019 Honda Fit, leasing for just over $230, with first month’s payment and government fees as down-payment.

I would essentially be swapping an expense for another expense, with zero increase in monthly spending to accommodate the new lease. I was completely ready to execute the plan on Fourth of July (one of the biggest sales days for dealerships), but I made the mistake (?) of thinking it over more deeply, and ultimately decided against getting a second car for commuting.

As mentioned, I have no qualms with taking the bus, so the Honda Fit would’ve been a luxury item, even though I wouldn’t necessary be spending more money per month. Conversely, by not leasing the Honda, I’m pocketing the $250 in savings, and that will first help replenish my emergency fund (see: GT3), and after that, keeping it for some fun experience later on.

Suffice it to say, the early twenties me would’ve bought the Fit, no hesitation. Older and wiser now, allegedly.

Encountered an old-school American hooptie during Sunday lunch.

Being frugal is tough

I think I should blink more carefully from now on because on a particularly forceful blink yesterday I absolutely destroyed one of my contact lenses. Fragile little things. It hurt the entire time I was at work. 

I've return to super miser mode a few months ago and it's nice to see my monthly spending going back to a level not seen since I was saving up on the downpayment of my current car. Still not completely sure just exactly what I am saving up for but let's just say it's rather comforting to have something on stash, instead of blowing it on car parts and electronics like I tend to do. 

Problem is, the everyday world bombards you constantly with adverts and subtle hints to entice you to part ways with your hard earned cash. It's really tough to resist at times. No wonder consumer debt is so incredibly high and savings rate so damn low in America. Heck, the economy's heath is largely predicated on us spending all we've got. Pretty insane when you think about it.