Do you sometimes not want to go around the city driving the car of your dreams? We all have dreams and we know that everyone has the ability to achieve what one proposes. We trust that you can do everything and for that reason we want to show you the necessary advice so you can buy the car you always wanted.
Buying a car, especially the car of your dreams, always has a price. Buying the car of your dreams means a long-term commitment to save, save and save.
Do not worry! Here are some tips to help you achieve that goal quickly:
Create a budget
At this point, you have probably already checked the price of your dream car. Now, it is time to create a budget plan.
First, consider how much you earn in a month and how much you are willing to save to meet your goal. Keep in mind that you also need to save for insurance, gas and maintenance. It would be great to reserve some savings even before having it.
Think of other ways you can cut some of your expenses so you can save more money for your car. If you are thinking of buying something, ask yourself first if you are spending for a wish or a need.
Also compare prices, such as when you are in the supermarket. You can save a few quetzals if you check your purchases.
Open a savings account
The bank is still the safest place to store your money, believe it or not. Therefore, open an account and save all your savings there.
Before doing so, be sure to look for accounts where you can earn high interest. Also, consider getting an account with a savings book so it is not easy to make withdrawals.
Search for more financing options
You already have money saved, but you are still far from buying the car of your dreams. Why not speed it up a bit?
A loan is always the best ally to fulfill your dreams, not only because of the financial support it gives you, the benefits that it brings with it such as being able to do it from an app and without a surety make this option the most viable to buy your car.
Invest your money
Imagine the following scenario , you have a loan with a certain amount of money, but it may not be enough to buy the car of your dreams. What about investing in the meantime?
Find ways in which you can invest between 10% and 20% of your credit and expect a good return on investment at the end of a quarter or even a year. Make sure your return on investment is higher than the interest you pay each month for the credit.
To achieve what you propose you must work for it, if you do, you will soon see yourself in the driver’s seat, maneuvering that steering wheel towards a promising future.