If there is one thing people love wasting money on, it’s expensive cars. I come from a town where people would buy $70K vehicles for themselves but wouldn’t pay for their kid’s college education. Maybe this is just because I haven’t regularly driven in about six years, but I can’t wrap my head around paying such an excessive amount of money on something that simply gets you from point A to point B and back. I don’t think you should be foolish and buy a $500 car from some guy on Facebook Marketplace, but there’s got to be a better option than buying new expensive cars for every family member. Looking cool and high-status isn’t worth anything if you don’t have the funds to back it up. 

The adult son of a pair of overspenders recently got himself into a conundrum. He offered to give his younger sister $5K for car payments to get her through college. However, instead of getting her a cheaper car, his parents got her a $65K Jeep.