Save today. Drive the car of your dreams tomorrow
The keys can be in your hands—as long as you have a plan
There’s an open road in front of you
You have places to be and you have things to do. A car can get you there, but not just any car. You need something reliable; or even something cool. The vehicle you choose is up to you. Just know that, with some discipline and a smart saving strategy, that car is as good as yours.
Saving for a deposit on a car may seem like a tall task. The electricity bill isn’t getting cheaper; your child’s education is a priority; and groceries are a necessity. But there are still ways to save.
Start by sitting down and making an annual and monthly budget. You may be surprised by what you can actually save when you really look at the numbers. And then, there’s no telling where the road can take you.
What happens if you don’t save for a deposit on a car?
It’s not the end of the road, but you’re not doing yourself any favours. You don’t want to lose the freedom to come and go as you please, or be forced into paying high rates. By saving for a deposit, you avoid all these risks. And you’ll be in great financial shape to buy a car.
Be ready when the right deal comes.
Looking for a car is a process. You take test drives, you do your research, and you negotiate with the salesperson. Sooner or later, you get the right car at the right price. It would be a shame if you didn’t have the money for a deposit.
Don’t let such a situation happen. By saving for a deposit on a car early, you benefit in all sorts of ways:
Tips on Saving for a car
Tips on saving for a car
- Cut the excess spending: Watch a movie at home, instead of going to the cinema. Look for free things to do for entertainment. Cook at home more. There are so many ways to spend less.
- Create a savings goal: Once you start spending wisely, you’ll see how much you can save. You may not have to save in big chunks; consistent baby steps may get you there.
- Earn more: This may sound difficult; but it’s not. You could get a side job, start an online business, ask your boss for a raise, or sell unneeded household items. You could even trade in your old car.