Monthly Archives: February 2019

3 Easy Ways to Start Saving Money for a Car Now

Cars are items that most people need to save up for in order to be able to afford responsibly and without the stress of hurting your credit. You may not think you have enough money coming in to be able to afford a car in Calgary or past bad credit is holding you back. However, with the right savings tactics and the right car loan, you’ll be able to afford it in no time. Here are three ways you can start saving money for a car now.

3) Pack a Lunch

When you make lunches from home, meals can cost as little as a few bucks each as opposed to hovering around the $10 mark. If you stay consistent and keep eating out to a minimum, you could be saving anywhere from $10-$30 a day! Also stay away from racking up expensive meals on your credit card. Do a big grocery shop on a Sunday, prepare your meals for the week ahead and start saving.

2014-06-05 14_48_26-lunch bag - Google Search

2) Automatic Withdrawal

Many banks offer the option to set up a function on your savings account where an automatic amount can be withdrawn from one account and deposited into your savings whenever you like. Every time you expect a paycheck, set-up an automatic direct deposit to occur. Even if you forget about it, your savings account will continue to grow on it’s own and you won’t have the temptation to spend it.

1) Find the Right Car Loan

Calgary based companies like Finance Today and Auto Loans Calgary approve anyone that applies regardless of their past credit history. Even if you have bad credit, you can get approved. Choosing a loan from a company like the two mentioned can help you make incremental payments so you don’t need a huge chunk of money up front to start driving and you can keep saving while you drive.

If you’re looking to buy a new car, check out Auto Loans Calgary and Finance Today’s huge selection of used vehicles they offer at a great price. Before you know it you will have a buffered bank account and be driving down the Deerfoot in your new car.