After your house, your car is likely your biggest expense on a monthly basis. In today’s economy it is easy to get seduced by the shiny, new SUV you see everyone else driving. However as with most things in life, there are significant trade-offs when it comes to your transportation budget.

My colleague Ben Carlson (@awealthofcs) who blogs at A Wealth of Common Sense recently jumped on Skype to talk about my recent post entitled “Why Your Luxury Car is Unlikely to Materially Boost Your Happiness.” While everyone is free to make their own spending choices, I hope that this discussion helps you re-frame the trade-offs involved. I hope you enjoy the discussion as much as I did.

This is another episode in our series of “mini-pods” on The Compound Show.

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