Do you have a personal budget for your finances? Budgeting is balancing your expenses with your income and budgets allow you to your finances on track. Budgeting takes effort and conscious thought. With that mix, you can align your priorities, maximize your savings, control spending and reduce stress.
Do not save what is left after spending,
but spend what is left after saving. -Warren Buffet
Understanding your spending habits takes time, but is worth it! No one likes the paycheck to paycheck lifestyle. By creating and sticking to a budget, you can project the amount of money you will have to spend instead of winging it.
Benefits of Budgeting:
- Budgets help you save for unexpected costs.
- You are in control of your finances. Budgeting gives you control over your money!
- Sticking to a budget helps to keep your eyes focused on your goals.
- Budgeting helps you focus on spending vs saving.
This is a car blog! Why are we talking about budgeting? We are touching on the topic because many times, car repairs are unexpected. Unless you have a warranty, your repair cost will come right from your pocket book.
Do You Budget for Car Maintenance and Future Repairs?
Are you in the habit of saving for car’s preventative maintenance and repairs? Vehicles require maintenance throughout the year. Oil changes every 3,000-5,000 miles, air filters, and tire rotations make the list. These are costs that we can count on, yearly. Vehicle repairs on the other hand are occasionally unpredictable. Tires go flat, batteries die. It’s hard to guess when these parts might fail. Brakes and other types of maintenance services can be monitored by your technician and can be worked into your future budget.
A budget is telling your money where to go instead of wondering where it went. -Dave Ramsey
What’s the Best Approach?
You need somewhere to start. Gather last year’s maintenance and repair receipts to total up the amount spent. Aspen Auto Clinic can easily look up your repair history and e-mail you any receipt you might need. Don’t include any insurance or car payments in this amount.
Add up your total amount spent and divide that number by 12. This is the amount you should plan to budget each month. It’s important to note what shape your vehicle is currently in and adjust this number accordingly. Maybe you know this is the year you need to purchase new tires, and have an alignment so you add an additional $15 to each months car maintenance and repair budget.
How Can Aspen Auto Clinic Help?
Maybe your budget has already taken a big hit and an unexpected repair can really throw your plan off track. We are aware that car repairs can be incredibly inconvenient and some repairs can be a huge hit to the pocketbook. We offer several financing options! We offer Bosch service card that offers:
- No annual fee
- Stress-free financing with low monthly payments
- Easy application process
We also offer Synchrony Car Care Credit:
- No interest if paid in full within 6 months on your auto maintenance and repair purchases of $199 or more
- Simple and convenient
- Flexible payment options
Aspen Auto Clinic also has the most up to date technology, cutting edge equipment, and industry leading experts in order to perform the best repairs and service in the state of Colorado. With the industry’s best 3 year/36,000 mile warranty on our oil changes and all of our services, we stand behind our work and will do all that we can to guarantee your satisfaction. Our mission is to help you save money on the cost of ownership by performing the best maintenance and repairs possible with the most convenient and hassle free service. Do you have a question about how to care for your vehicle? Please contact one of our locations!