It can be a challenge to prioritize car repairs, but if you budget accordingly, car maintenance and car repairs won’t come as a surprise or stress. Your vehicle is the second largest investment, right behind your home, so it makes sense to budget for something so imperative.
One of the most accurate and efficient ways to plan a budget is to examine your past spending habits, which helps ensure your budget is appropriate and adequate for your needs. Here are a few tips on how to budget for car repairs:
- Gather all your financial records and figure out how much a year you are paying for car maintenance and repair. Take that number, divide it by 12, and you will have the number you should put aside monthly for auto repair and maintenance.
- Take it account the current condition of your vehicle. If your car is older, and the miles are starting to add up, you might want to adjust your budget accordingly.
- You can also fluctuate how much you put aside depending on when you get paid. For example, if you get paid weekly, you can put aside money weekly.
- Don’t borrow from your car maintenance fund, and stick to your budget.
Gary’s Auto Service can help prioritize your vehicle’s maintenance, depending on the priority and necessity of each repair. Our goal isn’t to just rack up a hefty invoice, but to keep your vehicle safe and secure. Book an appointment with us today! We look forward to seeing you!