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ericasj

Looking for sneaky ways to save for newer car

ericasj
19 years ago

We need to start saving for a newer car, and I'm looking for relatively painless ways to funnel money towards that goal. I don't want to commit myself to a set monthly amount, because I'm not sure how much we can really spare.

What appeals to me more is earmarking specific savings toward a specific goal. I like the idea of knowing that when I've made an effort to save, the savings is really going towards something definite instead of being frittered away.

Here's what I'm doing so far:

Each week I empty my purse of all but $2 in change, and the rest goes into a coin bank. Once a month I run it all through the coin machine at the bank. I used to consider that "spree" money, but now it's going towards the car.

And any money I save with coupons goes towards the car.

It looks like this will add up to $70-$80 a month, but I'd like to save more. The only other idea I've had is, if I borrow a movie from the library instead of renting one at the video store, $1 goes for the car. But that won't help much.

Any other suggestions?

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