help me decide II
#1
Tell your mom I said hi!
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Join Date: Oct 2003
Location: Greensboro, NC / Long Island, NY
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help me decide II
OK, so im gettin a check for 32K...my lawyer (lewis & daggett) gets a 33.3 % of it....i was hit in the rear and it totalled my whip...I fracture my L2 vertibrae, broke my R leg & ankle ( oh and knowcked a few teeth out)...Settled out of court, the check will be at my atty's 05-05-06, in the amount of 21334. Subtract $1500 for lawyer bill, -another $600
Which leaves a grand total of $19234, whic we;ll round to 20;;;;;;;;;;;;;;;;;;
im gonna make it a poll
I'd to either spend like 12,5 - 15K onsomething relativey nice
OR
5 to 10-11K on a project...
Thanks Rez
PS...I;ve owned a 95 5g civic EX, a 93 Prelude, mad mods, a 2g teg... (u can atually view my space to see em,, http://www,mysace.com/rezzash22a
Which leaves a grand total of $19234, whic we;ll round to 20;;;;;;;;;;;;;;;;;;
im gonna make it a poll
I'd to either spend like 12,5 - 15K onsomething relativey nice
OR
5 to 10-11K on a project...
Thanks Rez
PS...I;ve owned a 95 5g civic EX, a 93 Prelude, mad mods, a 2g teg... (u can atually view my space to see em,, http://www,mysace.com/rezzash22a
#2
Push to shock!
Join Date: Sep 2002
Location: Palo Alto, CA
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This year hasn't been good to you at all
What do you want to get out of a potential car or project car?
Although there is a part of me that says save it for a rainy day h:
What do you want to get out of a potential car or project car?
Although there is a part of me that says save it for a rainy day h:
#7
Originally Posted by 90CvcDX
kiss my ass. if i want to bust his balls over a stupid typo i will, its a free forum.
#8
BAZINGA!
Join Date: Aug 2004
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Ummm...pay off some bills? Invest half of it?
That's the problem with settlement checks is that the money doesn't get invested OR used for what it was meant to be used for.
I once had $17000 in a savings account and within a YEAR all was spent on stupid crap. None on investing or to pay bills off. I am now bitting the bullet living from paycheck to paycheck instead of having invested that money safely or just left it the fuck alone to save my ass if ever needing to be saved...Now I have credit cards to do that for me, which SUCKS compared to a stockpile of cash in my account. /rant
That's the problem with settlement checks is that the money doesn't get invested OR used for what it was meant to be used for.
I once had $17000 in a savings account and within a YEAR all was spent on stupid crap. None on investing or to pay bills off. I am now bitting the bullet living from paycheck to paycheck instead of having invested that money safely or just left it the fuck alone to save my ass if ever needing to be saved...Now I have credit cards to do that for me, which SUCKS compared to a stockpile of cash in my account. /rant
#10
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If you weren't able to afford a $20,000 car beforehand, and now theoretically can because of your $20,000 settlement check, you're not living below your means and therefore it's still a bad idea.
There's still maintenance and insurance you're going to have to encounter. If you had a check for $50,000, I would then say by all means go for it.
Sucks to be realistic, but a car is a depreciating asset, and spending your full $20,000 on a car would not be a wise decision.
Put a few grand of it on a down payment on a car you can afford, and bank the rest.
There's still maintenance and insurance you're going to have to encounter. If you had a check for $50,000, I would then say by all means go for it.
Sucks to be realistic, but a car is a depreciating asset, and spending your full $20,000 on a car would not be a wise decision.
Put a few grand of it on a down payment on a car you can afford, and bank the rest.