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Episode 4 - Vehicle Fund Explanation
Manage episode 407085086 series 3557612
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Buying and selling cars can be a real hassle, create stress, and be relatively unpredictable. In this episode I'll talk about how I take unpredictable vehicle expenses and turn them into a predictable monthly payment (to yourself!) that I call my vehicle fund.
This takes what you would have been making in car payments and turns it into a savings account you can turn to when you need to pay for unexpected repairs or when you need to replace a vehicle.
We've been using this method for a little over 7 years and have bought 5 vehicles ranging in price from $3,500 to $20,599 - all in cash! Learn how you can do the same in this podcast episode.
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