It’s much easier to budget for a few dollars here and a few dollars there, but what should you do when you’re thinking about taking the plunge on a big-ticket item?
Well, first of all, it’s going to take a little longer if you do it the right way—without going into debt. That means a little discipline and patience will be required when you want a used car.
Practically, though, here are three ways to save for big budget items without going into debt or stretching yourself thin.
1. Pay with cash.
In other words, go green! Save up and pay for that used car or the girls’ weekend you’ve been talking about for years now. The point is to avoid debt at all costs. A cute new jacket doesn’t have to involve a year’s worth of payments! I promise! Do it right—spend with cash, and you’ll spend less.
2. Don’t be afraid to ask for a deal.
Just because the price tag on the purse says $100, that doesn’t mean the store won’t take $90. You’re not cheap if you want to negotiate. Just don’t lowball the owner or salesperson—that’s disrespectful. Still, it never hurts to ask for their best price. You can always look online for deals as well, like coupon codes and free shipping offers.
3. Do your research.
Options are always your friend. Go online. Check out Craigslist. If you’re looking for a car, what’s the high end of your price range? The low end? What can you reasonably expect to spend? When you’re armed with knowledge, you’re better prepared to ask for a deal and avoid getting ripped off!
Remember, living on a budget doesn’t mean you can’t have nice, big stuff. It simply means you’re going to plan ahead, without debt, to get them.
Use cash, ask for a deal, and do your research. Whether you’re buying something big or small, the budget is the quickest and easiest way to take control of your money.