Having a private car is the dream of many people, maybe you are one of them. A private vehicle will allow you to do many things more freely, especially if you are someone who has high mobility.
But in reality, this one asset is also not always easy to get, because the price is quite expensive. You need to collect a lot of money first, to be able to realize your dream on this one.
If you really want to buy a car, then make sure you make this one of the targets in your finances. You will certainly need a long time to collect the funds, especially if you don't have any savings at all for this one need.
But don't worry, with a few smart steps and a strong commitment, you can definitely afford it. Manage your money more tightly from now on and focus your financial goals on your dream car.
Here are some smart steps you can take to immediately buy your dream car:
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1. Focus on saving regularly
Saving is one of the mandatory points that you must immediately do in finance from now on. The price of a car cannot be taken lightly, so the portion of your savings must also be quite large each month.
Even though you can't buy a car in cash, at least you have to collect more money which can later be paid as a down payment. The bigger the down payment you pay at the beginning, the lighter the debt burden that you will have to pay off later.
Determine the right portion of savings that you can allocate every month. Remember, don't force yourself to save too much money every month, because you also have to fulfill your basic needs well.
Ideally you save at least 25% of your monthly income for the needs of buying this car.
For example: if your monthly salary is USD 8 million, then allocate 20% for savings to buy this car.
USD 8,000,000,- x 25% = USD 2 million.
Save consistently and allocate the funds as soon as you receive your monthly salary. This will prevent you from delaying or even canceling it for some reason.
2. Save money and cut unnecessary expenses
It's not enough to just save, you also need to save in finances. Focus on your goal of buying a car, then put aside various other less important desires, such as traveling and others.
The allocation of 25% savings is very likely to change your financial condition, so you need to make adjustments to some of your habits in spending money.
Start making savings in finances, you can cut various expenses that are not so important. Reduce various hobbies or habits that drain money, such as: snacking, hanging out in cafes, shopping for clothes and shoes, and others.
All of this will allow you to save more money, so that more funds can be allocated as funds to buy your car later.
3. Choose the one that suits your financial ability
Don't forget to stay realistic with your dream on this one. No need to force yourself to buy the latest car that is extraordinarily expensive, especially if your budget is insufficient.
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Instead of providing maximum benefits, buying a car like this can actually lead to financial problems. Avoid buying a car outside your budget.
Choose the right car and according to your needs, of course, according to the budget you have too. If you can't afford to buy a car in new condition, then a used car can certainly be a consideration.
Currently, you can find a large selection of used cars that are sold still in excellent condition. While preparing the funds, you will have plenty of time to consider and choose one of them.
4. Start investing
In addition to saving, you also need to consider investing. Instead of saving money just settling in the bank, it would be much better to invest it.
You can get a number of benefits from this one activity, so that the value of your savings is not eroded due to sitting in savings for too long.
If you are afraid of high investment risks, then you can choose safer investment instruments, such as gold and deposits.
Buy Your Dream Car the Right Way
For those of you who have long wanted to own a car, it never hurts to make it happen immediately. Organize your finances and focus on achieving this one goal from now on. Save more money and make savings and investments, so that your dream of owning a car can soon become a reality.
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