Close

To personalize your experience, enter your birth year and zip code:

Personalize your experience:

Personalize your experience:

 

 

Close

Collins Community Credit Union

The Triple CU Scoop - Saving for a new car!

REMINDER: Collins Community Credit Union will be performing a core conversion April 27 through May 1. During the conversion period you will experience service limitations as well as branch closures. All branches, including the in-store branches, will close at 5:30 p.m. on April 27 and reopen for business on Tuesday, May 1. To learn more about the core conversion, and to view frequently asked questions, click here

Published on Jun 04, 2013

As you may recall in one of my past posts I recently had to replace the back brakes on my car, which cost me a substantial amount of money. 

In my car's defense it is ten years old, so it was about time for a major repair.  Needless to say I was frustrated with the situation, I mean who isn't when it comes to spending a large amount of money on car repairs?  I was especially frustrated because here I am, a recent college grad, trying to make the smart decision and not buy a new car right out of school and wham!  Life kicks me in the butt.  I was sticking it out, driving my old rusty Ford Focus around until I could save up for something more reliable.  I couldn't help but think about how the money I spent to repair the car could have been put towards a down payment for a newer car. 
 
I quickly got over my frustration and realized that life happens and I need to be prepared.  I needed to set a goal and put money aside so that I could get a new (to me) car, and to do so I started using Money Meter
 
With Money Meter I can set goals and track my progress.  I specify what the goal is and when I want to complete that goal.  For example, I want to set aside $3,000 to use as a down payment on a car in one year.  That means that I need to save $270 a month to achieve my goal.  That may seem like a lot, but $270 is about the amount of a monthly car payment.  If I can put that money into savings each month then I know I'll be able to afford a car payment each month. 
 
Whether you are saving for a car, a wedding or a college education Money Meter can customize your goals and track your progress.  Login into CU Online to get started today!
 

Schedule Your Free Financial Review Today

Become a Member