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Slept on it.

September 5th, 2007 at 03:16 pm

Ok so I think I've got a plan now for my car situation. I mentioned it to a friend of mine who knows a thing or two about cars. He said it's really not that big of a deal, so long as I keep on top of the oil. So here's what I'm going to do...

First, pay off my small loan. It's under $600 and I think I can make quick work of it and free up the $60/mo payment.

Second, get my EF up to 1000. It's almost there, just needs a little nudge.

Third, start saving every extra bit in a Savings account earmarked Car Fund. Once it hits 5000 then stop and continue on with my mad crazy paying off debt. That way, when the time comes that I absolutely positively need to replace my car, I've got a nice chunk to work with.

I just got paid today. After paying all my bills, and allocating money off to various categories, I still have $200 left over. Wow that's a good chunk of change. I am going out of town this weekend, and splitting the gas with a friend of mine. We are staying at someone's house so no hotel charges. Then later this month I'm going to Seattle and again, staying at a friends place. Those trips combined should not total $200 in gas but I'm leaving it in my bank account to cover whatever expenses come up on those ventures. Whatever is left come next payday will get applied to my small loan.

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