Although you may want to get rid of your present vehicle in favor of a new car, taking better care of your current set of wheels may make much more sense in the long run-helping you achieve a goal of financial freedom.
"We advise our clients that if they want a 10 percent increase on their investments every year, they need to cut down on their expenses," said Terry Mulcahy, vice president of investments for R.W. Baird.