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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We had plans to buy a new car this spring, and to sign a contract next month for a home renovation and expansion that is a major expense (50% of the cost of the home 5 years ago). Now we are not doing either because who knows what is going to happen with one of our fed jobs, and the other is connected to the international aid community through an NGO.

We will make it through the next four years (or longer) - the money we'd been saving for the renovation is a healthy buffer. But I'm sad because I've been looking forward to both these things, and that's money that could help support businesses that we'll hold onto instead.

I suspect we are not alone here - anyone else pausing big spending?
[/quote]

Life is a bit too short to take this approach.  We put off a major renovation which we had the cash for for a bunch of years because of real job uncertainty.  That was a mistake.  Our renovation is great and changed how we use the house.  Never should have waited.  Life is too short.  You can and will get another job if something happens.  On the car -- do it now.  Prices will just go higher.  That is a no brainer.  People can disagree on the house but not the car.[/quote]

Why do you think it's impossible to disagree about buying a new car?  a new car is almost always a foolish purchase that loses value the moment you drive it off the lot.  [/quote]

Well two answers.  First I was assuming he wanted a new car.  Put your point aside -- if he is getting a new car either now or later that is the choice.  Now is better.  Second, your point.  Don't buy it.  You get value out of a new car.  My view, not yours but I would never buy a used car.  Keep my new cars about 10-12 years.  Works well for me.[/quote]

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