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Four Tricks to Saving for the Perfect Car For You and Your Family

Families can be pricy enough without thinking about the additional things that come along with them. The more people in the family mean more seats on a plane, a bigger grocery bill and most importantly a bigger car to get everyone to where they need to be.

Tip One: Extend your search

Before committing to anything on the financial side of things, it’s important to know where you want to end up. This can be especially tricky especially when input from the whole family is needed to find the perfect car. To get an idea of what’s right for you, visit Cars.com to check out one of the biggest selections of new and used cars. Cars.com features tons of searchable categories all leading to candidates that could one day be the car of your dreams. These categories allow you and your family to search and enter their specific needs, ultimately leading to a car that meets the needs and expectations of all, ensuring that in no time at all you’ll be cruising around in safety and style.

Tip Two: Spend smart

Although being frugal and smart with the choices you make is the priority, it’s important to have fun and spend, on occasion. Being too strict and demanding can lead to mental wear and tear that ultimately brings down morale and dedication to the goal ultimately leading to impulse buys.  As anyone with kids know, when this occurs it’s not just you who gets one…everyone gets ones.  Although these may be satisfying at the time, they can create a large roadblock in the  journey, sometimes creating one so large that the destination is forgotten. Don’t have this happen to you by spending in moderation while still giving you that well deserved mental break. Examples of how you can do this are morning matinees on the weekends instead of paying full price at the theatres at night, and instead of luxury trips, something a bit simpler like a small road trip. These still get you that needed break while at the same time not breaking the bank.

Tip Three: Familiarize yourself with stocks

Rainy days and unexpected events occur, making a dent in both your pocket and savings toward your new vehicle. Whether it’s the kid, parents or any other relative, family problems and event occur oftentimes needing both a financial and time investment immediately.  One way to ensure that these events don’t derail you is by putting portions of the savings into conservative stocks. This can serve a dual purpose. One is that the excess money you make can be used towards these unexpected events making for a less strenuous time. While being less obvious the second benefit of having a portion of the money go here is that it becomes harder to withdraw on the drop of a dime like a bank account. This leads to lower chances of random impulse purchases and extended breaks away from the goal.

Tip Four: Know what eats away at your savings

Although the goal of rolling around in style while getting all the little ones to where they need to be is a tough one, it is by no means impossible. Depending on what kind of vehicle you’re in the market for, prices can fluctuate. This doesn’t include the added features that may be necessities for your family like GPS and bluetooth. These kind of prices require dedication and discipline to achieve, in addition strong saving habits are a must. To ensure that the you and your family meet the goal you have been working so hard for, it’s important to make saving and savvy spending a team effort. A few examples of purchases that can be cut out to make the path easier are: electronics, toys, lavish trips and the small purchases that add up each day. Ubers, lunch, and fast food are just some of the small trivial things that may seem small but can be much larger when added up

Use these and more to get you and your family in the car they have always envisioned. From the perfect features to top of the line safety, these four steps will help you reach your goal.

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