16 Topic Money (Wisdom Tip) -How I saved $170 a month for a year and a half to purchase a car with cash

No More Excuses. Wake Up!

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3y ago 17:42

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On this episode of No More Excuses Wake Up! (Wisdom Tip) How I saved $170 a month for a year and a half to purchase a car with cash.
Having $50,000 in debt I had to decide to make some quick sound choices to not only get out of debt but to change the way I was thinking about money. I had to create a lifestyle of saving for things that were important to me. We had three cars and were paying $1300 a month in car notes not including gas and the maintenance of the car when the time came for the car to need maintenance. Do not wait for your car to break down to get back into a car note. Having a plan saving a little as $85 bi-weekly to save for a car.
From this episode you will learn:
· Exactly how I saved to purchase my car in cash.
· How I plugged money into my two-car accounts to save to purchase a car and for the maintenance of the car.
· How I used the remaining balance from the car to invest in my Roth IRA and save in my emergency account.
· The freedom of knowing you have an account dedicated to car maintenance when emergencies happen.
· How to think once a minute every hour every second every day and strategic planning not just thinking to save once a year during income tax season.
MY PERSONAL FINANCIAL MANTRA
BUDGET
PAY DEBT
SAVE
INVEST
AND LIVE
On each episode of No More Excuses. Wake Up! We will be talking about Money, Entrepreneurship & Life Skills that were not taught.
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MONEY ENTREPRENEURSHIP AND LIFE SKILLS THAT WERE NOT TAUGHT
NO MORE EXCUSES! WAKE UP

60 episodes

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