By providing routine maintenance and care on their existing vehicles, the Johnsons ensure that their vehicles will last. â€œOur decision to delay purchasing a new automobile is inclusive of our budget philosophy and living within our means,â€ says Terry.
What you can do: Think twice before reaching for the plastic. Instead, plan for major purchases by allocating a certain amount of savings toward that goal each pay period. Learn to distinguish between whatâ€™s a necessity and what can wait, stick to your budget, and plan your purchases effectively.