Posted by Marie Pawsey
I was astonished when a friend mentioned that as soon as she bought a new car that she started saving for the next one.
No car loan needed.
It had never occurred to me. But what a good idea!
I made my plans. I opened another LLL account (actually a passbook account to make it just a little more effort to access J ). I work out what I needed to save (or how much I could afford to save each week), and arranged for the money to come straight out of my pay. What you don’t see …
I had to post the passbook down to Adelaide to be updated. Quietly the balance went up. Interest was added – more interest each year! I reached the amount I thought I would need.
Time to go car shopping!!!
(Or maybe a car could wait a little longer and I could go on an interesting trip?)
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