My Journey to Lower My Monthly Car Payment – Part 1

Since I gladly accepted the Dividend Diplomats 60% Savings Challenge, I have been brainstorming ways to increase my savings rate by both increasing income and reducing expenses.  Let me tell you, it is fun brainstorming all the different ways you can accomplish this.  A simple internet search will provide you with many creative, simple ways that you have probably never considered.   After reviewing my expenses the last couple of months, there is one elephant in the room for my expenses: my car.  Over the last month I have been working on reducing this expense.  This article will walk you through my current situation and what I have learned over the last month.

Car Payment

 

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