When you pay off your car, it feels great. However, if you want to keep saving money, set aside the amount you were already paying for savings.
As finance blog Wise Bread points out, you’ve already conditioned yourself to spend that money regularly for years. Unless you have a critical need for those extra funds immediately, simply diverting it to a savings or investment account will help you prepare for the future with virtually no changes to your financial routine.
via Keep Saving Your Car Payment After You Pay It Off.
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Born in 1964, business owner, from Woodbridge, VA, owns ExcitingAds! Inc. (http://www.excitingads.com) and blog (https://search.excitingads.com). He was born in Mirpurkhas, Sind, Pakistan. His elementary school was ST. Michael's Convent High School, Mirpurkhas, Sind, Pakistan. Graduated high school from ST. Bonaventure's Convent High School, Hyderabad, Sind, Pakistan. His pre-med college was S. A. L. Govt. College, Mirpurkas, Sind, Pakistan. Graduated from Liaquat University of Medical and Health Sciences, Jamshoro, Sind, Pakistan in 1990. Earned equivalency certification from Educational Commission for Foreign Medical Graduates, Philadelphia, PA in 1994.
