Need A New Nissan?
If you’ve been perusing the selection at places like Bay Ridge Nissan, you know that the brand provides great value when it comes to new cars. Still, such a large purchase necessitates money-saving strategies. Here are four tips that will help you save up for that new Nissan.
Run the Numbers
Whether your goal is to buy a car in cash or you want to save a substantial sum for the down payment and finance the rest, you likely have a number in mind of what to save. Divide that amount by the number of months until you plan to purchase your Nissan to arrive at your monthly savings goal. If you prefer, you can break this down into weekly or even daily goals. By doing this you can make sure that you have enough money to buy your ideal car. Just be sure to save up a lot over time so that you don’t have to just take a crash to your finances in one blow.
Don’t Think About It
According to USA Today, one of the best ways to stick to a savings plan is to set up automatic debits from your paycheck. For example, if you need to save $500 a month for a new car, arrange a direct deposit into a separate savings account. That prevents you from spending the money before you have a chance to stash it away for that savings goal. This is a really quick and easy way to save money fast.
Financial blog Tough Nickel recommends choosing one vice and going cold turkey, then putting the money you save toward your car. Love fast food? Pack your lunch and put $25-50 per week in savings. Can’t live without your morning coffee? $4 a day could be $20 per week in your new car account. Even making a small change in your spending routine can add up quickly. However, while whittling your expenses is essential when saving for a big purchase, being too frugal can have the effect of making you feel deprived. Try treating yourself just one day a week. You’ll not only keep your savings plan on track, but you’ll enjoy that latte more when it’s not just part of the routine.
Clip Coupons and Shop Deals
Taking an hour to search for coupons on the products you use most often can have a significant impact on your grocery bill. Make sure to stick to items you would have purchased anyway to avoid spending more than you otherwise would have. Buying sale items can cut your grocery budget by 25 to 50 percent, funds you can set aside toward your new Nissan.
With these four savings steps, you’ll be driving your new car in no time. All you have to do is find the budget plan that works best for you. That way you can save money your way. If you take the time to set aside some money for your car you should be able to reach your goal asap.