Automobiles, Savings

Saving For A Car

I drive a 2001 Honda Accord.  It’s a great little car.  Right now, it has a little over 175,000 miles on it.  Sooner or later (let’s hope, later) I’m going to need to buy a newer automobile.  Here’s my process for saving for a car – or any other major purchase. 1.  Using the super-handy You Need a Budget software, I create a budget category labeled: Automobile Replacement. 2.  I estimate the number of months between now and my plan-to-purchase date. 3.  I then estimate the cost of the replacement vehicle. 4.  I divide the estimated cost by the estimated number of of months.  This tells me how much I need to save, each month, to reach my savings goal.…

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Automobiles, Savings

Planning To Replace My Old Car

I own a 2001 Honda Accord.  It’s a great little car, and even though it’s a decade old, it still gets really great gas mileage.  The paint and the interior are both in pretty decent shape, despite the fact that the right-front panel was recently damaged and repaired.  I like the car, but with growing kids and the fact that it has nearly 200,000 miles, it’s time to think about replacing it. It never hurts to plan ahead – even years ahead – so that’s what I’m doing. I’ve already started to compile a list of used vehicles that I might want to purchase.  I want to buy something a little bigger than the accord, maybe a small cross-over or…

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Automobiles

The Best Thing About My Old Truck

I have this old truck – a 1994 Ford.  (It’s not THAT old, but at 15 years, it has its share of scrapes and dings.)  I use it, mainly, to haul off the trash, but it’s also good for towing a trailer or bringing home supplies from the lumber yard. I bought the truck, used, almost 10 years ago.  I really like my old truck.  It’s not much to look at, but it’s fun to drive and it gets me where I need to go. Recently, I had a couple of truck-related.  It needed some pretty major engine work, several other parts (like the brakes and belts) needed to be replaced, and it needed new tires.  I thought, very briefly,…

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