My car turns 10 years oldnext month. It has over 240,000 miles on it and I drive 155 miles five days a week to get to work. I haven't had any major problems with it and I try to keep to a 5,000-6,000 mile oil change. But it will eventually need to be replaced.
Last May I finally opened a mutal fund with T.Rowe Price to use as a savings account for a car. My target is $20,000. That is assuming my current car lasts until I reach my goal. Hopefully I'll surpass my goal and still be driving my Escort.
I opened the account in May 2007 with $1,000 and have $300 automatically deposited each month. I'm thinking of increasing that amount to $400 or $450 this year. If we get a bonus this year I'll deposit that also.
I'm not able to access my account online and the last statement I have is only up to the end of 3rd quarter. My balance at that time was $2,479.67 already up by $279.67 Good times!!!!
Last May I finally opened a mutal fund with T.Rowe Price to use as a savings account for a car. My target is $20,000. That is assuming my current car lasts until I reach my goal. Hopefully I'll surpass my goal and still be driving my Escort.
I opened the account in May 2007 with $1,000 and have $300 automatically deposited each month. I'm thinking of increasing that amount to $400 or $450 this year. If we get a bonus this year I'll deposit that also.
I'm not able to access my account online and the last statement I have is only up to the end of 3rd quarter. My balance at that time was $2,479.67 already up by $279.67 Good times!!!!
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