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Did the Math

July 25th, 2006 at 01:56 am

I decided to work out how much money I will have in long-term savings, which is our car fund by the end of April of 2007.

With just the $10 deposit every Thursday, the amount of our usual tax return, and the the amount of my DH's annual bonus, all of which we will receive by April's end, we will have $5312.00. We are assuming a low trade-in value of $2000 for our 96 Blazer, so that is $7,312 right there.

This doesn't count any of my click-thru earnings or trial offer earnings at all, since I won't know what those will be. So far my earnings have been anywhere from $100 to $30 a month, but it'll definitely all go into that fund. I think I'll put the freezer money account on hold for now and deposit my rolled coin and recycled cans money into the car fund, too. Our old freezer is adequate right now for our needs. It is not as energy efficient as the new ones, it is at least 32 years old, but we keep it full so it runs at peak condition.

This really gives me new heart. I'm going to try harder to see where I can save money. I'm not sure how much longer the 96 or the 92 will last. But I'm banking on the 92 lasting longer than the 96, based on past performance.

If I could save $8,000, plus the $2000 trade-in, we could be looking at actually buying in a year instead of two. We'll have to see how long the other's last and I'd prefer not to finance at all if we don't have to, again, depending on how long the other vehicles last.

I wonder if the car place would take two cars for trade-in? Do they even do that? Hmm. I'll have to find out. Anyone on here a car salesman or married to one?

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