The 52 Week Money Challenge- Week 6
It’s another week in the 52 week money challenge! I just transferred my Week 6 Deposit over to my Capital One Savings account. If you need help with weekly reminders, then sign up for our 52 week challenge newsletter!
Here’s this week’s savings tip:
This week’s tip is about maintaining your car. I’ve had my 2011 Kia Sorento going on four years now. I’m just now getting to the point that I have to start putting some $$ into it (as far as repairs like new brakes, tires, etc). I brought my SUV brand new with a 10 year, 100,000 warranty on it. I am at 80,000 miles. When it gets to 100,00 miles I plan to trade it in (or before that point). However, along the way I have avoided a lot of car repairs by keeping up with an oil change and regular maintenance on it. This is very important when it comes to keeping the cost down on your vehicle!
Everyone knows that cars can be a huge expense, especially if something unexpected happens to it. Car repairs can cost hundreds to thousands of dollars and not only can this drain a savings account, but many of them are extremely preventable with just a little bit of maintenance.
Here are 5 things you should be doing for your vehicle:
- First, Change your oil on time, every time. This small cost is well worth paying attention to as it will not only make your engine run well and many of the problems that come from not doing it less likely to happen, but it gives you better fuel economy. You can even do it cheaper at home in most cases with only needing a couple “specialty” tools such as a filter wrench and a place to drain the old oil into.
- Make sure to change out your air filter. A dirty engine is an engine that runs poorly and can cause massive damage. A clean filter prevents many issues.
- Get a tune-up or even just a checkup on your car frequently. Do this at least every year on older models and every couple years on newer ones. Doing so can help you prevent major damage before it happens. Your mechanic can tell you what should be watched or parts that are wearing down.
- Watch your alignment. If your car is not properly aligned, you are wearing out your tires much faster than you should. This can add up to costly tire replacements that are not necessary. Also, your car not being aligned properly puts unnecessary strain on your car’s joints, wearing them out dangerously fast.
- While this is not as important as the other maintenance steps, you should wash your car regularly. Doing so can remove chemicals from salt on the road in the winter as well as grime that can wear off your paint and make it rust.
It’s not too late to join the 52 Week Money Challenge.
Why should You join the 52 week money savings challenge?
Most families are on the constant look out for ways to save more money. This challenge is easy and doesn’t require you to do a lot each week. It starts out with just saving a $1 on the first week. Or, if you’re doing the challenge in reverse, then $52 bucks.
It’s an easy way to save money and it does work if you apply just a little self-discipline and you are determined to save money. And having a goal is a good way reach your saving objective. Below are a few saving goal:
- You can use the money you saved to pay for your Christmas at the end of the year.
- Go on a vacation
- Jump-start a college fund
- Pay off debt
- Buy a car
- This could be your first time actually saving money in a bank account
The reasons for saving extra money are endless!But the key is getting started!
People tend to do better when faced with a challenge (of any kind).
- You will receive a weekly email reminder telling you to make your deposit into the bank or jar
- You will also receive a weekly savings tip on a way that you can save that week.
- You will receive inspiring stories and ways to save money each week!
- Many people and blogs start out doing this challenge within their communities. But by March, most have fallen off the band wagon. As you can see,by just looking at our 52 weekly challenge archive, you can see that we kept up with it each week.
- I’ve personally and successfully completed this money saving challenge two years in a row! I am doing this challenge right along with you and to encourage you along the way. And if you need to tweak it to fit your families needs, save more , etc. then I am here to help you with that too!
- You can find out more about the 52 Week Challenge HERE
So, let’s get started! Sign up today to start receiving the 52 week money saving challenge newsletter!