Money Saving Monday

We need to find ways to save money on certain purchases. The one purchase that a lot of people make is a car. Since we are in a technology/global era, you can start your car shopping online. I like this because you can use other websites to actual see the value of the car. You can see comments on what other customers have to say about the car. The most important thing that you can see is the price of the car. You can compare prices, and check out a car within your budget. An important thing to remember is not to sign a long term contract with high monthly payments. If you can save at least 25% of your income taxes each year, in ten years you would have saved around six thousand ($6,000.00) to ten thousand ($10,000.00) dollars. You will not be rich, but you will be prepared if you have an unexpected bill that comes due, or if your monthly income is lowered. This method can help people at any age because you will be well informed about the car that you are buying. Baby boomers do not like surfing the net and the younger generation do. But, none one likes a pushy salesman.

Piggybank and calculator. Isolated on white background
Do your homework before you buy a car

Automotive News (2013) wrote, “Millennials, those 16- to-32-year-olds who we hear would rather curl up with an iPad than cruise around in a new car, actually get a kick out of kicking tires on dealership lots, according to a study by AutoTrader.com. That is, until it comes time to interact with the sales staff. Then, not so much” ;  and “AutoTrader surveyed 1,657 millennials, 993 Gen Xers and 1,062 baby boomers who had bought a vehicle within three months. Helms said millennials are painstaking when it comes to online and in-store vehicle research, but they dislike high-pressure sales tactics. “ It is very important to make sure that you have your homework done before you go to the dealerships, so you can try to save at least 25% of that income tax refund.

References

Gen Y likes car shopping – until the salespeople arrive. (2013). Automotive News,

87(6584), 34.

4 thoughts on “Money Saving Monday

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