DEAR HARRIETTE: I have been saving up for the past few years with one goal in mind: to finally get my hands on my dream car, a classic 1969 Ford Mustang.
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The thought of owning this iconic vehicle has fueled my day-to-day work and drive all these years.
Yet my family — especially my parents — have expressed concerns about my decision. They fear that investing in a vintage car may not be the smartest financial move, suggesting instead that I focus on saving for a house or furthering my education.
I’m in my mid-20s, and while I deeply value their advice, I’m still thinking about that Mustang over their valid financial perspectives. Any insight would be great.
— Dream Car
DEAR DREAM CAR: Look at your whole life. Are you currently living independently? Do you take care of yourself, or do your parents still support you? What is your plan for the future?
If you currently work, pay your rent, buy your food and live your life independently, you have every right to make financial decisions on your own. While it might be more responsible to save for a home or education, if you want that car, it is your decision to make if you can afford it — even if that delays other goals.
If you are living under your parents’ roof and benefiting from their generosity, you should think twice about indulging in this purchase.
What would happen if they told you it’s time to move out? Would you have the resources to be independent? Think about these things before you spend your money.
DEAR HARRIETTE: In response to “Desperate for Help,” the struggling single mother trying to help her 10-year-old son who is behind academically, your advice was spot on.
I was a fourth-grade teacher and reading specialist for many years, and I would also like to offer some suggestions.
While I completely understand this mother’s limited time, I have to say that the attitude she presents to her son about his learning capabilities is extremely important. He needs to know …read more
Source:: The Mercury News – Entertainment
