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11 Reckless Ways Seniors Spend Their Money

May 13, 2022 · Updated September 19, 2022 · Personal Finance

money Ways to Make Extra Money in Retirement

Overspending on cars

Mark Charnet, the founder and CEO of American Prosperity Group from Pompton Plains, New Jersey, explained why there’s no good enough reason to buy a luxury car in retirement.

Let’s be honest, a $25,000 car and a $100,000 car might take you between points A and B, but in the luxury of a more expensive car really worth ruining your financial future? I think we can all agree that the answer is no.

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