Very few of us can simply walk into a car garage, decide on a new car and make a down payment there and then without having spent MONTHS saving for the luxury!
But that's just life.
So if you are in need of a new family car or just fancy a run around, take note of the following tips:
1. Figure out how much you need first – if you don’t have a target you don’t have a goal to reach!
2. Set up a special savings account – this way you won’t dip in and out of it.
3. At the end of the week, empty all your coins into a jar and allocate them to your car fund.
4. Set aside your weekly coffee spend for your car goal.
5. Every time you make a takeaway coffee at home, put aside the £4 or so for your car fund.
6. Sell clothes you haven’t worn in 6 months and watch the money roll in.
7. Cancel unnecessary subscriptions like that magazine one (ya know, the magazine that you NEVER even read)
8. If you’re only going on a short trip walk rather than use public transport – you’ll save yourself the transport cost.
9. Cancel your gym membership and start pounding the pavements.
10. Stop spending – it’s a lot easier than you may think.
11. Set up an direct debit into your savings account so you barely even notice it going in until BAM you’re rich...