Continue to drive your car after your loan is paid off. People are tempted to jump into a new car loan as soon as their car is paid off, but you can save a ton by avoiding that urge. If your car payment is $250, after just one year of sticking with your current set of wheels, you would have an extra $3000. Your car will also cost less to insure over time, so you’ll enjoy some savings there too.
KAFE This Morning
Photo: clipart.com