Cheap in Erie
By Dana Massing Erie Times-News staff blogger
I am a grandchild of the Great Depression and a survivor of more recent recessions. Through my grandparents and parents, I've learned to spend wisely and to save while still being able to live life well. I want to share my discoveries with you and hear yours.   Read more about this blog.
 Phone: 814-870-1729
Posted: March 30th, 2013
Saving today means borrowing less tomorrow

I celebrated making my final car payment this month. But this doesn’t mean I have plans each month to spend the money that used to be going toward my car.

Instead, I’ll stick a good portion of that amount in my savings account. That way, I’ll have some cash on hand in case I need car repairs. And, hopefully many years from now, when I need a new car I’ll already have some money saved up for the down payment.

When I went looking for this car four years ago and my previous car 12 years before that, I had money already set aside for the down payments. That meant I had to borrow less and pay less in interest.

Watch for tomorrow’s blog entry on how I managed to save even more when buying the 2009 car.

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