You don’t need things to be complicated, you need them to be easy when your trying to save for a vehicle in Philadelphia. The most important part is to sit down and hash out a budget for this vehicle.
You want to have a good down payment for a car if the chances arise for you to find a good deal on a new or used car and having a budget will help you solve all those problems.
There are many ways to start tracking a budget up the easiest way right now is to do it on paper. So lets get into your budget
Start a budget for the income you do have
You want to start by determine your monthly income. It doesn’t need to be spot on but getting a close view of what you make will help.
After that you’ll want to make a monthly budget outline now on this monthly budget calendar you’ll want to write down the days in which the bills are due and how much you pay.
Add up what you pay in bills and then after you find out what you have left over from your bills you can start creating funds. There are people that have 4 different accounts and such for bills, savings, vacation, and spend money and that’s okay.
They have their checks every week divided up for certain things and either just let it sit and grow each week or spend what they have on what they need and so on.
Some people have money going towards paying down debt and after the debt is paid down they have the money that pays that go into savings. You could have your savings help with a larger down payment for a used car if you have been saving for a while.
I say a used car because most people don’t want to put a lot of their money into a car that’s going to lose value after you buy it. A used car is just plain going to be cheaper if you know how to save for one.
Save your money for a large down payment on a used car
If you really haven’t thought about saving your money every week and want to purchase a car at the end of the month now is the time to grind it out and put away some cash.
If you need a used car in Philadelphia and want a low payment monthly look at the used car down payment options a Philadelphia car dealer can do for you.