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Hey friends, should I double my savings rate to one thousand dollars a month for a down payment on a car?

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Asked By: Triundi 22-25, M  4 months ago

Right now I save five hundred a month, but I'm really getting tired of riding the bus every day. Doubling that rate would enable me to make my down payment much sooner so that I might escape from this routine.

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    Best Answer (Chosen by Voting):

    onborrowedtime - 51-55 years old - male

    Posted by onborrowedtime Jan 23rd, 2013 at 8:38AM

    Sure,in one month I'll sell you my fine automobile!

    [ Reply ] | Like (1)

3 Answers to "Hey friends, should I double my savings rate to one thousand dollars a month for a down payment on a car?"

  1. FlauntTheImperfections - 41-45 years old - male

    Posted by FlauntTheImperfections Jan 23rd, 2013 at 8:48AM

    Save whatever you can afford towards your goal. Save even more if you can. The more you put down, the less your monthly payments will be. I would also save a bit extra as buffer for routine and unexpected maintenance.

    Like (1)

  2. cancer04 - 56-60 years old - female

    Posted by cancer04 Jan 23rd, 2013 at 8:46AM

    Yes if you can.

    Like (1)

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