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Saving Pledge Stories: About.com Frugal Living on Putting Money Towards Buying a New Car
By Erin_HuffstetlerDealPro(view all posts by Erin_Huffstetler)
at 9:57AM Thursday July 28, 2011
under
DealPro Tips
Image by skpy via Flickr
My car doesn't have satellite radio or a CD player. It doesn't have cruise control or power locks and windows either. It used to have a sun roof that you could open, but the motor died in that at least 10 years back. And the odometer…it doesn't work either. It froze at the 90,000 mark while on vacation six years ago. But most significant on the list of things that my car doesn't have is a car payment, and it's been that way for eight years. It took me five years of sending in $285.27 a month to earn those eight years without car payments, so I can tell you that I have no interest in mucking that up by replacing my car before I have to.
Still, I know the day that I will have to replace my car is coming, and it's time to plan for it. Because I have no interest in taking out another car loan (one was enough for me, thanks), I will be paying cash for whatever I buy next. And that's why my 2011 Savings Pledge is to save $100 a week towards the purchase of a new car.
What are you saving for? Take the Savings Pledge, set your goal and make it happen!
My car doesn't have satellite radio or a CD player. It doesn't have cruise control or power locks and windows either. It used to have a sun roof that you could open, but the motor died in that at least 10 years back. And the odometer…it doesn't work either. It froze at the 90,000 mark while on vacation six years ago. But most significant on the list of things that my car doesn't have is a car payment, and it's been that way for eight years. It took me five years of sending in $285.27 a month to earn those eight years without car payments, so I can tell you that I have no interest in mucking that up by replacing my car before I have to.
Still, I know the day that I will have to replace my car is coming, and it's time to plan for it. Because I have no interest in taking out another car loan (one was enough for me, thanks), I will be paying cash for whatever I buy next. And that's why my 2011 Savings Pledge is to save $100 a week towards the purchase of a new car.
What are you saving for? Take the Savings Pledge, set your goal and make it happen!
Erin Huffstetler is the Frugal Living Guide at About.com. Her frugal living tips and tricks have been featured in numerous print and electronic publications including, The Wall Street Journal, Forbes.com, Family Circle and Parents. She feeds her family of four for $50 a week, and rarely spends more than $1 for a piece of clothing. The frugal life is good!
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