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Car Fund

December 29th, 2007 at 10:48 am

One thing I'm seriously lacking financially is a car buying or car repairing fund.
I'm very happy with what I drive now but its a 2001 Kia Rio. Its at an age now when it really could break down seriously without much notice. Plus eventually I would like to buy a new car. My real hope is to still be driving this same car 10 years from now though.
Anyways I just haven't had extra money to even start a "car Fund". I've been focusing on other things and my tiny little dollars only stretch so far. :-)

So yesterday was payday and I took a dollar out of my spending money and tucked it into an envelope to begin a car fund. A little silly maybe but its a start. And I'm hoping the little seedling dollar grows healthy and strong.

My next step with it is to have a bank account designated for a car fund and start building it up. But for right now for me it was important just to get something started. I'll try to keep my progress updated. Also I noticed how most people have their goals posted in the sidebar. I'm hoping to post some of my goals like that too very soon.

Posted in Uncategorized | 10 Comments »

10 Responses to “Car Fund”

  1. koppur Says:
    December 29th, 2007 at 10:50 am

    It's a good start! Every dollar counts, cuz when you throw in enough of them, they become big bucks! Keep us posted on how it goes.

  2. luxliving Says:
    December 29th, 2007 at 12:35 pm

    YEAHHHHHHHHHHHHHH for getting started! Good on you. We can't hit a goal unless we aim at it.

    You're now in the batter's box, so start swinging for the fences!!!

  3. Ima saver Says:
    December 29th, 2007 at 01:02 pm

    Good for you. I started a car fund many years ago. After I got my car paid off, I just kept making those payments to myself. Then I can either pay cash (small car) or have a big down payment (expensive car)

  4. frugalhousewife Says:
    December 29th, 2007 at 03:47 pm

    No amount is silly as every penny helps. Once our vehicle is paid off next year, we are going to start saving for the next one. Good luck with your car fund!

  5. scfr Says:
    December 29th, 2007 at 07:35 pm

    You tucking that dollar away is the perfect illustration of the Chinese proverb that says something like "A journey of a thousand miles begins with a single step." Good for you!

  6. Toyguy1963 Says:
    December 29th, 2007 at 09:08 pm

    Thanks everyone for comments. I appreciate it and you guys are very supportive. I have lots of things I need to work on but the car fund thing was really bothering me. It felt good just putting that first dollar into it.

  7. monkeymama Says:
    December 30th, 2007 at 06:03 am

    $1 is better than $10. Much better! Way to go.

  8. Toyguy1963 Says:
    December 30th, 2007 at 09:33 am

    Thanks monkeymama for the comment. But I wish it was $10. I will be adding more soon though.

  9. reflectionite Says:
    February 26th, 2008 at 02:00 pm

    that's not very old for a car to be breaking down seriously! i know it's a kia but it's still pretty new. i have a 98 pulsar which hasn't had anything majorly wrong with it since i bought it.

  10. toyguy1963 Says:
    February 26th, 2008 at 08:59 pm

    Thats true reflectionite. Good point. But the older a car gets you just never know what will happen. And my car fund is for either repairs or buying a new car eventually. The rate I'm going it will take me awhile. I am making progress though. I just need to write an update post sometime soon here.

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