If you have a modest monthly salary, you can still save up to buy a car. As the name suggests, this type of savings is specifically for the purpose of buying a car, so if you want it to happen immediately, you must be able to control your income and expenses well.

As mobility increases, so does the demand for personal vehicles. Cars are one of the best choices because they can be used to drive in any weather, so it is not surprising that the demand for this type of vehicle is increasing.

So what if you want to buy a car but your monthly salary is limited? Here's how to save money to buy a 2 million dollar car with cash, check out Kola's review below.

1. Create a savings goal for your dream car

Create a savings target for your dream car
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When you want to save to buy your dream, the first thing you should focus on is setting a goal or goal. In this case, your savings goal is to buy a car with cash. So use this as motivation to be more proactive in allocating money.

In order for this method of saving money to buy a car to be successful, you must remember what goals you want to achieve and why you should allocate your income in savings. By focusing on your target, you will be more enthusiastic about saving, so you can immediately make it a reality to buy your dream car.

Before you start saving, general, First you need to have a strong goal and determination to own a car. This way, you can put more effort into working and saving to achieve these goals. If you save but don't have a goal, it's a different story, your motivation to allocate money won't be that strong.

Apart from this, don't forget to set the savings target you need to collect and the estimated time to collect. By setting a goal like this, you will be more motivated to save because there is a target to achieve quickly.

2. Reduce consumption and purchasing costs

The next tip and way to save money when buying a used car is to avoid unnecessary expenses. If you want your dream of owning a car to come true soon, you need to be able to identify needs and wants.

When setting a specific goal, avoid spending on necessities as much as possible. Sometimes we can make small expenses such as buying snacks or buying non-essentials. You should reduce such habits because they are similar to waste.

To avoid unnecessary and unnecessary expenses, record your income and expenses when you need to save. A 2 million salary like this would be wise to spend every expense saving to buy a car.

In addition to snacks and non-essential purchases, if you want to quickly accumulate savings for the purchase of a car, reducing your cigarette consumption may be one way. Although the cost of buying cigarettes is not much, if you do it constantly, the amount will definitely be good and it will be better if the budget is included in the savings to buy a car.

As an option to save up to buy a 1 million dollar car can become a reality immediately, it's best to start by cooking your own meals at home. In addition to being healthier and more economical, consuming this way will make it easier for you to control your expenses.

3. Save money immediately when you get paid

When you plan to buy a new car, you should consider how much of your monthly salary to include in your savings budget for buying a car. If you decide, the next step is to immediately save the budget to buy a car at the beginning of the payday.

To make it even more practical, you can use the autodebit feature to set your payday balance. In this way, a salary of 2 million can buy a car because the money saved to buy it will not be used for other needs and the saving goal will be achieved soon.

Make sure that the money you are putting down to buy a car is commensurate with your income. Don't force yourself to save so much to buy a car, but sacrifice other non-essential needs.

4. Create a monthly spending budget

If you hope, O Allah, I want to buy a car, then you should start making a good monthly spending budget. It is important to pay attention to this because by budgeting which needs are the biggest expenses and can be reduced to savings for buying a car.

Prepare a monthly budget plan to keep expenses under control. Keep track of expenses ranging from basic needs like food, water and electricity bills to school fees. You can then add spending budgets for other needs.

If you need a salary of 3 million to be able to buy a car in a year, you should be able to reduce your spending budget for non-essential needs. Start living frugally and avoid unnecessary purchases to make your goal of buying a car a reality soon.

5. Record and control income and expenses

In addition to planning a monthly spending budget, you'll also need to record and track your income and expenses each month if you're planning to save to buy a car on a low salary. It is important to pay attention to this method so that the bolts are not longer than the rods.

Keep a record of all your sources of income each month to make it easier to budget properly. Also, record all expenses in as much detail as possible. This method should be done correctly because it is useful to know if there are items of expenditure that exceed the planned budget.

In order to make the 5 million dollar car purchase a quick success, it doesn't hurt to cut back on some non-essential expenses. Instead, you can put this budget into savings to buy a car.

6. Create a special account for savings

When you have a goal to save for certain things, it's best to keep your savings account separate from your regular account. You can create a separate account for BCA Car Savings to make it easier to manage.

Keeping your savings account separate from your salary account also prevents your savings from being used for other needs like snacks, shopping, buying household items or other needs that are out of your budget. Therefore, it is better to keep the savings from buying a car in a special savings account so that it can be collected quickly and not be used for other needs.

If you want to buy a car but don't have the cash, there are a number of ways you can use it to build up some special savings. In addition to creating a bank account, you can also create an investment portfolio or save in a traditional way. What is certain is that you have to make sure that your budget for buying a car is not used for other needs for any reason.

7. Find additional income

In addition to managing your existing income, you can quickly reach your goal of saving 100 million a year, and there is no harm in finding additional sources of income. Although you have to work harder, this method can make your dream of buying a new car come true faster.

There are ways you can earn more. Some examples are selling during working holidays, becoming online motorcycle taxis using existing vehicles, or becoming a freelancer.

If you have items you no longer use, there is no harm in selling them. The results can be used to buy the extra cash or credit car of your dreams. You can hold a garage sale or sell online at reputable marketplaces.

8. Save THR bonus and annual bonus

Apart from saving from your monthly salary, if you earn extra income, it is good to save quickly and save some savings so that you can buy your dream car immediately. For example, when you get a THR bonus or annual bonus, you should put it into your savings to buy a used or new car.

This method can definitely increase your savings amount apart from your monthly savings plan. So if you have a specific savings target, avoid going on a spree or buying unnecessary things. As with the incentives and bonuses you get when you own a car, it's even more valuable if the bonus is included in the savings towards buying a car.

9. Try to have an emergency fund and insurance

Try to have emergency funds and insurance
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Although the dream of buying a new car is reducing expenses, do not give emergency funds and insurance. These two types of budgets should be prioritized in case the unexpected happens.

By having an emergency fund and insurance, if the unexpected happens, you don't have to worry about using your car savings to meet these unexpected needs. In addition, this method prevents you from going into debt.

Try to set aside a few percent of your monthly income for emergency funds and insurance premiums. This emergency fund is very important because it can help you in an emergency without worrying about disturbing the savings funds allocated to buy a car.

Aside from saving up to buy a car with cash, there are many options available these days if you want to own your dream vehicle. One way is to apply for a car loan. Nowadays, many financial institutions and dealers offer car loan applications with conditions...