Thursday, January 31, 2019

4 Ways to Make Saving for Car Repairs Easy-Peasy

When you save for a car repair, it gives you a certain peace. No matter what happens, you can know that you’re financially covered. With this understanding, it’s important to recognize the impact saving can have on your life. It’s also even more important to implement it in your financial habits. If you don’t know how to save for car repairs, consider the following ways you can get started.

Set Aside a Separate Bank Account for Car Repairs

When you’re saving money, it’s wise to make sure the money is inconvenient to reach. When you can easily access the money with the swipe of a debit card, you’re more likely to abuse the savings account. 

Instead, create a separate bank account without a debit card. When you’re ready to put money into that account, you can leave it there. When you have a major car repair on the horizon, you can go to the bank and actually withdraw the cash you need.

Allot a Certain Amount for Car Repairs Each Month

If you intentionally set aside money from each paycheck by budgeting, you won’t really notice that it’s gone. Even if you set aside $30 from each paycheck and you’re paid twice a month, that’s $60 in a car repair savings account. When you need an oil change, new tires or a new battery, you’ll be able to pull from that account and cover the repairs.

Shop around for Parts

When you know that you need a specific part, it’s a good idea to shop around. If you own a Mitsubishi car, see if you can find the Mitsubishi parts you’ll need. If you go to a shop and allow them to order the part for you, they might charge you more than you need to pay. This is a great way to save in the long run.

Find an Honest Repairman

While it’s known and understood that many car repairs won’t be cheap, you want to make sure you’re getting a fair price for the effort. While it might be an annoying process, it’s wise to ask around and find an honest repairman. 

There are many car repairmen who are known to take advantage of the customer. Because many people aren’t well-versed in car repairs, they trust the word of the repairmen. It’s easier to save for car repairs when you don’t have to pay an arm and a leg for what you need.

As you move forward in reaching your financial goals and preparing for your future, remember that your car is a major tool you’ll use in your everyday life. It’s best to make sure it’s working on all cylinders. Don’t wait until you’re in a bind to save for the repair. Instead, begin saving now. You’ll be happier in the long run.

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