So you want a new (or new-to-you) car. Join the club!
The gorgeous paint job, spotless interior and new car smell are enough to make anyone sign on the dotted line whatever the cost. Fortunately, you’ve decided to do things the right way. You don’t want to end up car-poor like your friend who can only afford to eat Ramen, right? So, how do you afford a new car without selling a kidney to keep up with the monthly payments?
The good news is, there are plenty of ways to alter your spending habits in a way that can help you save over time. The bad news is, most of them require some sacrifice. Even though you hate what I’m saying, it will all be worth it when you drive away in your new ride without a care in the world. Trust me.
This is a guest blog post by Holly Johnson, founder and author of Club Thrifty.
Follow these simple steps and you’ll be ready to upgrade your ride in no time!
1. Spend Less Than You Earn
This tip should be obvious. The easiest way to save money is to figure out exactly how much you earn and find a way to spend less. Look at how much you are spending on extra things or activities like eating out or shopping. Once you cut these out, you will be able to see how much more you can save.