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How I have the money for a new car

November 7th, 2007 at 12:40 pm

Even when I don't have a car loan, I pay into a car account. I started this back in the 80's when I bought a bronco. When I got it paid off, I just kept making that car payment every month.After several years of this, I had enough money to get a new car and I never miss the money.
So, I have been doing this for over 20 years!!

3 Responses to “How I have the money for a new car”

  1. JanH Says:

    This is so smart, Ima. Wish I'd known of it sooner or been as smart as you to figure it out!

  2. Aleta Says:

    I agree with you Ima. As soon as you pay for the car, you have to start funding it as if you have a car payment.

  3. Broken Arrow Says:

    Yes, this is how I would like to set up my car fund. Just keep saving like I am making a car payment. For now, I'm doing what I can to pay off my debts.

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