<p>One bit of advice: ask questions if you do not understand. A classic case is when you want to buy a car. The car salesman will say he can get you a car with a monthly payment is $450 a month and tell you how the previous guy paid $500 and that you are getting such a good deal. You need to know what the cost of the car is, the term and the interest rate and compare. No one will volunteer the information very easily as they may be charging you a very high interest rate or selling the car at above MSRP. The previous guy may have paid a lower price, a lower interest rate but had a shorter term, 3 years instead of the 5 years the salesman is trying to get you to agree to.</p>
<p>And they will confuse and tell, “just lease it and it will just $199 a month”. You need to do your reserach and find out if it makes sense or not. If you do not understand the difference between sale and lease, ask questions. </p>
<p>The web is a good place to start. Ask questions, do your reserach and do not make a decision till you have a comfort feeling. You will learn a lot about personal finance that no class will teach just by asking questions and doing your reserach.</p>
<p>Also, any time there is an add-on, question it. In other words, they will give you a price and then add all sorts of extras at the last minute. It will have important sounding names like credit insurance, credit application fees etc. Most of them are unneeded. Do not take anything for granted.</p>