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,…
Category: Savings
Savings Goals Listed By Priority
One of my main goals is to live the rest of my life without having to borrow any more money. At present, my wife and I are consumer-debt free and we are working hard to pay off our mortgage. In order to remain debt free, it is important that we think both short-term and long-term about our savings goals. I…
How To Save Money For A Mid-Range Goal
I am not a fan of borrowing money, so it’s important that I plan for and save for mid-range goals. I would define a mid-range goal as any major purchase or expense that I might have to make in the next 2 to 5 years. Right now, we’re focusing on saving enough money to buy a newer automobile for me,…