Several years ago when I paid off my husband's work van, I decided to take that payment money ($100 a week, $400 a month) and keep putting it away for a car fund. Well, I did do that, but if it was a short week, that was the one envelope that I did not fund.
I was able to pay off my car with the money a year early, so we could get dh a new car and only have one payment.
Now, I am getting a new car this week and yesterday I sent in a check to pay off the yellow vette even tho I was very very short in the car fund. I just took the money out of my regular savings.
I have decided to take all the money that I contribute to the $20 challenge and put it all in my car pay off fund!
I am going to keep track of it in a separate ledger and hope I can get this new car paid off in about 2 years.
I am going to start today with the 3 $5 bills that I have in my wallet.
Prev. total $3563.00
today 15.00
new total $3578.00
Getting serious about the car fund
March 16th, 2010 at 06:13 pm
March 17th, 2010 at 04:59 am 1268801977
March 17th, 2010 at 02:36 pm 1268836582