Hoping to buy a used car this year but your finances aren’t where you want them to be just yet? By making some adjustments in your life, you can save money for the used car you want. It just takes time and effort.
Car Savings Fund
For starters, create a “car-savings” fund where you put money into it week-by-week. For example, if you get a paycheck for $400 a week, allocate $40 to go directly into the car-savings fund. If possible, up the amount if you can as time goes on.
In order to save money, make a couple changes. Instead of buying a coffee at Starbucks, which might cost you $6, take advantage of the free coffee at work. Instead of buying brand new stuff, shop at thrift stores or garage sales. Go to the grocery store and buy food you like that’s fairly cheap and then prepare meals at home rather than paying $25 a meal at a typical restaurant. Take a look at how you currently spend your money and then adjust your habits in order to save money.
Budgeting Tips
There’s something called the 50/30/20 rule which helps people budget their money so they can do what they ultimately want to do– such as buy a used car within a couple month’s time. Now how this budget method works is this: 50% of your monthly income goes toward essentials like grocery store food, paying your phone bill, buying toilet paper, etc. 30% of your monthly income goes to non-essentials, like going out to a theater to see a play or movie, buying new clothes even though you don’t really need them, etc. Finally, 20% is designated for your savings. Try this and you’ll eventually have saved the money you need to buy the used car you want.
Other ways to save money include getting a side job to make some extra money toward your goal or selling stuff you don’t use anymore online through Facebook Marketplace or at a garage sale or flea market.
When you’re ready to buy a used car, visit 443 Auto Sales in Lehighton, PA; Call 570-386-0443 to discuss what you’re looking for and 443’s “buy here pay here” option.
