Saving Up For a Two-Wheeler

in Automobiles

I have wanted to get a scooter or motorcycle for a long time. I want to be able to ride on the weekends without having to deal with the rising gas prices. Unfortunately, getting a scooter or motorcycle is not cheap. I have found different methods to pay for it.

I Took out an Installment Loan

I decided that it would be best for me to take out a loan. Before I applied for one, I made sure that I met all of the criteria that most lenders look for. I checked my credit to make sure that it was up to par. I also made sure that I kept track of all of the income I had. I knew that lenders would ask me to verify this information.

There are several reasons that I decided to investigate installment loans. I will be able to get my scooter faster because I have the loan. I will also have up to 36 months to pay the loan back in full. If you have good credit and a stable source of income, then a loan may be a great option for you.

Make Room in the Budget

I have taken a long, hard look at my budget. I have discovered that a lot of the money I spent was on unnecessary things. I managed to cut down on my spending significantly so that I can make room in my budget to handle the loan payments. For example, packing my lunch every day instead of eating out.

This has helped me save $100 a week on food. I’ve also started renting movies instead of going to the theater. I used to go to the movies every week and was spending an awful lot of my hard-earned money this way. Additionally, I no longer buy coffee on my way to work. I have started making my own at home. This has helped me save an additional $100 per month.

I strongly recommend that anyone who is trying to save up for a scooter start tweaking their spending. I was able to save up to $600 per month by changing my spending methods.

I Found Ways to Make Extra Money

After I looked at my budget, I decided that I needed to bring in some extra money. I was doing fine financially, but I knew that I needed more money if I wanted to reach my goal within a reasonable amount of time. I have found several ways to increase my income.

Taking on a side gig, or even several can be a big help. For example, I tutor kids after I leave my full-time job. It is a simple job, and I am able to make some extra cash by doing this. I also do yard work on the weekends. Additionally, I babysit and dog-sit when I have time.

I put the extra money that I make in a second account. All of this money will go towards paying for my new scooter.Scooters, motorcycles and their assorted accessories are not cheap, but they can help you save money on gas. I have been budgeting and working side jobs to get the scooter. I have also taken out a loan to cover the remaining expenses. It has been difficult, but it will be well worth it in the end.

Like this article? Share with your friends!

We may earn a commission for purchases made through our links. Learn more.

Notify of

Inline Feedbacks
View all comments