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How to Save Up for a Car Without Breaking the Bank

Penny Pinchin' Mom

Narrow Down a Price Range If you are going to save money , you need to have a target savings goal in mind that you can work toward. It may even motivate you! For example, if you want to buy a car worth $20,000, you could decide to save $1,000 a month for 20 months or $5,000 a month for four months.

Cars 52
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An Easy Way to Save for Irregular Expenses

For the Mommas

Rather than finding yourself in a position where you’re relying on credit cards for these expenses – and then wasting your hard-earned money on paying off those cards in the following months – try creating separate sinking funds instead. If there’s no extra money in your budget, there’s still hope, though. Bank your savings.