Thought of the Day - 55

Save the Payment

Once you finish paying off your car loan start saving that amount and putting it in a "car" account.  Lets face it, that car isn't going to last forever.  As a matter of Murphy's Law when we paid off our van we had to spend the first month of no car payment on repairs.  The next month was the same.  We ended having to purchase another vehicle and will soon have it paid off.  Once we do we will be saving for the next one so we can pay cash and never have another "car payment".