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No Drive Day and starting a car fund...

May 24th, 2008 at 09:49 am

My hubby and I actually had a day where neither of us drove. Add one to the No Drive Day tally. I am only counting days where neither of us drive, because we are already a one-car family and I usually don't drive on weekdays.

This also reminds me that it's time to start saving money for a new car. Our one car is a 1997 Honda civic hatchback. It's a great car, never breaks down (knock on wood), gets great gas mileage, etc. But it isn't going to last forever.

I've already picked out our next car: A Honda Fit. I think they are so cute.

I also just read yesterday that they are going to make a hybrid Fit, which is REALLY the car of my dreams. It'll be out after the next model change. (Sometime between 2009 and 2015). I hope our current car can make it that long.

But, since we know we will need it, I've decided to put a little bit away for a car every month, on top of other savings. I'm going to start with $35 a month to the ING direct account, which has about $300 in it.

It isn't much, but it's something to get me thinking ahead.

Plus any bonus or referral money that ends up in the ING account will automatically go to the car fund.

4 Responses to “No Drive Day and starting a car fund...”

  1. njdebbie Says:

    My son is thrilled with his blazing orange o8' Honda Fit Sport (about 37 miles per gallon). I drive an 01' Suzuki Grand Vitara (only 45,000 miles) and only get 19 miles on the gallon. When the suzuki goes we'll most likely buy a Honda or Toyota. Meanwhile, I am thankful for the car I have.

  2. koppur Says:

    remember the motto here: every little bit helps! Smile

  3. Brenda Says:

    I was so excited to read about the hybrid Honda Fit just yesterday. I have my eye on one of these too but don't think my car will last until they come out. Right now I have a used '99 Hyundai Elantra. It has 151,000 MILES on it now so I am doing well, but worry about how much longer it will last. I keep my eye open for any good deal on a small used car that may come along as I drive a lot of miles everyday. I do in home care and I live in a rural area. The miles can sure stack up fast.
    The only thing that bugs me is the extra money you pay for buying brand new. As soon as you drive it off the lot it depreciates by thousands. Mind you Hondas do have a good resale value.
    Good luck with your car fund.

  4. thriftorama Says:

    Brenda. I 'm not sure if mine will last either but I have my fingers crossed. I'm at 169k miles!

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