There are 6 simple ways to help you live a better life and not so much paycheck to paycheck or car payment to car payment if you own an expensive vehicle.
If you want financial stability you’re going to want to build a buffer $500 to $800 will help in assisting you from living a low budget lifestyle.
Having a savings fund for a down payment on a car
You always want to have a buffer when it comes to saving its just better that way.
We know you have a car to pay for so having your monthly payment is a plus. Stack away your savings.
You want to start saving for retirement, save 2%-5% of your income no matter what.
Get rid of your bad debt doing this can help you save more for retirement or build a bigger buffer. If you have a high interest rate on your card or (debt) you need to get rid of it. So pay it off.
Save for emergencies you want to save for about 3 month of expenses.
No matter the car deals you want to save
You always want to save for something you want, maybe a car or a house. There are a ton of car dealers in Baltimore Maryland that offer some great deals like no down payment or $99 down payments on cars in Baltimore. If a car is what you’re looking to save for shop the offers and talk to the car dealers.
You want to invest and donate your cash after you max out your retirement funds and do it as you see fit.
Last thing you can do is have 2 sources of income. So start hustling to save for your future.
FYI: A used car is a better investment than a new car if your looking to get into a new ride. Lower cost over time and usually a used car already depreciated over the years. Know that you also have other options when it comes to car loans on the web.