A car is the first big purchase that anybody is going to have in their life. It usually comes around the age of 16 when you get your driver’s license and your parents are sick of driving you to and from school and your job. More often than not, people start with a beater of some sort. That means the car is not guaranteed to do anything except maybe get you to and from your destination in one piece.
By the time you’re a bit older and you’re sick of having to jimmyrig your car to work every day of your life, you decide it’s time to put some money into getting a car that is a bit more reliable and better looking…hopefully. It’s a big step. When you get a car, you have to account for the fact you’re going to be paying off a car loan with interest and you’re also going to be paying for insurance, a title, license plates, new tags, any maintenance that needs to be done, and gas, among the other less obvious expenses.
If you would like to save up a healthy sum of money so that your loan is less burdensome before you purchase your new ford, or your expedition, for instance, here are little ways you can put aside funds in the months leading up to buying your vehicle:
Cut the Coffee A Bit
In no way are you required to cut coffee out of your diet entirely, but if you have a habit of stopping through the local starbucks or java stand once or twice a day, if you either cut the number of times you stop through by at least half, or you cut it all together and just get used to getting your caffeine in another, less expensive form, you’ll be amazed at how much money you’re able to sock away.
Just do the math. One coffee is anywhere from $3-$5 dollars. If you’re getting coffee once a week, that’s $21-$35 dollars a week. Multiply that by a month and that’s anywhere from $93-$155 dollars a month. That’s a hefty sum. That’s your car payment in coffee. That doesn’t even factor in the tip that you may or may not be leaving for your barista.
Skip Drinks When Eating Out
If you have a habit of always getting something to drink when eating out, you’re tacking at $3-$5 dollars on your bill again. If you’re drinking alcohol, that number skyrockets dramatically. The higher your bill, the higher the tip, the less money in your pocket for a new car. Save yourself the calories and the change and for the next month, only order water, and incorporate other tricks for saving money. Put whatever you would have spent towards finding a new car. It’s simple, but effective.