Good to know someone else is saving the pennies! I've been called all sorts by my family recently. 'Mr tight' being the most common. lol
To be honest...the 'dont spend what you havent got' phillosophy is seen as just common sense for me. Well maybe just maybe personal prefferance perhaps.
A loan is almost like a 'too good to be true' scenario i think, and that will always bite your backside in the future.
I think its definately a good way to be though.
Ideally i'd like to have £7K to spend on a car, but would obviously like to spend as little as possible.
I'm after a 225 prefferably an 04 plate and 7 grand would be a good amount to have for that i think.
The main thing will be insurance though and because its going to be a lot, i would prefer to save some money and not give the insurance company a penny more by paying it off for the year.
That takes more saving though and i'd need about £1200 to cover for insurance, so you could say i need £8,200.
Then again i do also have to sell my car. I'm really hoping for £2K as it is in great condition for an 8 year old car, paintwork is brilliant.
So you could say the rounded up target amount for me is approx £6,500.
Another £4K to go, considering i already have £2K. Maybe! (i shall type that again...MAYBE!) it really isnt as far off as i first thought!
