Comments on: A car fund? http://www.bluntmoney.com/a-car-fund/ Thu, 17 Dec 2009 12:51:43 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Bas http://www.bluntmoney.com/a-car-fund/comment-page-1/#comment-33909 Bas Wed, 27 Feb 2008 21:04:26 +0000 http://www.bluntmoney.com/a-car-fund/#comment-33909 I paid off my car last year, using money from my savings account. It had a 5.5 year loan on it, at 7.25%, and I paid off the balance after 2 years, and have been putting that money back into savings (at 4.5%). While I haven't done the exact calculations, my gut feeling tells me I did the right thing. If I didn't, I'm not sure I want to know... I paid off my car last year, using money from my savings account. It had a 5.5 year loan on it, at 7.25%, and I paid off the balance after 2 years, and have been putting that money back into savings (at 4.5%). While I haven’t done the exact calculations, my gut feeling tells me I did the right thing. If I didn’t, I’m not sure I want to know…

]]> By: Matt http://www.bluntmoney.com/a-car-fund/comment-page-1/#comment-33905 Matt Wed, 27 Feb 2008 20:23:10 +0000 http://www.bluntmoney.com/a-car-fund/#comment-33905 Cars can be so expensive and its for nothing more than the luxury of not having to walk somewhere. I like the idea of setting aside the money from car payments for a car fund though. I might have to do this when I pay my car off. Cars can be so expensive and its for nothing more than the luxury of not having to walk somewhere. I like the idea of setting aside the money from car payments for a car fund though. I might have to do this when I pay my car off.

]]> By: GPhiDoll http://www.bluntmoney.com/a-car-fund/comment-page-1/#comment-33805 GPhiDoll Tue, 26 Feb 2008 18:42:43 +0000 http://www.bluntmoney.com/a-car-fund/#comment-33805 My car fund is used for maintenance - oil changes, tires, brakes, tune ups, etc. It comes in handy and I don't have to worry about dipping into another account. My car fund is used for maintenance – oil changes, tires, brakes, tune ups, etc. It comes in handy and I don’t have to worry about dipping into another account.

]]> By: JEM http://www.bluntmoney.com/a-car-fund/comment-page-1/#comment-33801 JEM Tue, 26 Feb 2008 16:48:14 +0000 http://www.bluntmoney.com/a-car-fund/#comment-33801 My Aunt makes a car payment every month into a car fund, they get new cars about every 10 years and pay them in full. They have doen it three times in there 40 year marriage, I think it is a good idea. Here is south florida we have horrid public transportation and I have a 15 mile commute to work, so if I don't have a car, I am in trouble. My hubby and I both drive old cars, we maybe have a 1 or 2 left, but I have already saved enough to buy two new cars when we need them, I have parked the money in a money market fund until the day comes. My Aunt makes a car payment every month into a car fund, they get new cars about every 10 years and pay them in full. They have doen it three times in there 40 year marriage, I think it is a good idea.

Here is south florida we have horrid public transportation and I have a 15 mile commute to work, so if I don’t have a car, I am in trouble. My hubby and I both drive old cars, we maybe have a 1 or 2 left, but I have already saved enough to buy two new cars when we need them, I have parked the money in a money market fund until the day comes.

]]> By: Paul http://www.bluntmoney.com/a-car-fund/comment-page-1/#comment-33792 Paul Tue, 26 Feb 2008 14:31:44 +0000 http://www.bluntmoney.com/a-car-fund/#comment-33792 I've been a little worried about cars. Ours are getting older, and I've put no money aside. I don't ever want another car payment, but unless I can save some money up... I’ve been a little worried about cars. Ours are getting older, and I’ve put no money aside. I don’t ever want another car payment, but unless I can save some money up…

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