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Monthly Archives: November 2022

How to Budget for Vehicle Maintenance & Other Services

How to Budget for Vehicle Maintenance & Other Services

There’s no reason to stress about car repairs or maintenance when you properly budget for both before the service needs to be done. Just like how you set aside money for your car payment and vehicle insurance, you should also do so to protect your investment. We understand that the expenses can add up quickly, but at the same time, you don’t want to neglect auto care and have to buy a new car sooner than normal. Read to learn how much you should set aside for auto care. Step 1: Refer to Previous Receipts and Records To plan out how much money you need to set aside for maintenance, look at how much you’ve had to spend in the past. For example, gather all your receipts or statements from the previous year that you’ve collected at your auto repair shop. Add them up to find an estimated annual expense. Make sure to include the oil changes, tire rotations, brake pad changes, etc. Step 2: Evaluate Your Vehicle’s Condition  Once you have an annual estim ... read more

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