Here is a question I haven't seen or couldn't find. I currently need about $800-$900 of work done on my car. The only way I see to get that done is to save for it. Fortunately we have 3 older cars so I am able to drive one of the other cars in between time. We know we don't need 3 cars, however, with them all being older we figure keeping the 3rd is a good back up plan. Also our oldest son is within 2 yrs of being able to get a learner's permit and we are hoping to be able to give him one of the cars to drive. He wants to work, he's too young now, so we figure this will give him transportation back and forth to an after school job. All our equity in the cars comes to slightly over $8000. Our attorney doesn't forsee a problem with this.
Anyway sorry I strayed there for a minute. What I wondered is it acceptable to save a small amount, whatever we can afford after filing for fixing the car? It wouldn't be alot, maybe $25 a week is what I figured we could swing, some weeks maybe not the full $25. We are hoping to be able to repair the car before next winter. Are you allowed to have a small savings once you file? If we can't then I am afraid we won't be able to save since we most likely won't have this over with before the end of summer. We haven't even filed yet and after talking to our attorney chances are it won't be until next week sometime.
When figuring expenses we figured in some things that are paid yrly. car registration, quarterly car insur......, so I guess I just wondered is alright to keep money in the checking or a saving to cover these expenses? They are on my monthly expenses, but they are divided into what it would cost to save for these things over a yr period.
Thanks ahead of time.
Anyway sorry I strayed there for a minute. What I wondered is it acceptable to save a small amount, whatever we can afford after filing for fixing the car? It wouldn't be alot, maybe $25 a week is what I figured we could swing, some weeks maybe not the full $25. We are hoping to be able to repair the car before next winter. Are you allowed to have a small savings once you file? If we can't then I am afraid we won't be able to save since we most likely won't have this over with before the end of summer. We haven't even filed yet and after talking to our attorney chances are it won't be until next week sometime.
When figuring expenses we figured in some things that are paid yrly. car registration, quarterly car insur......, so I guess I just wondered is alright to keep money in the checking or a saving to cover these expenses? They are on my monthly expenses, but they are divided into what it would cost to save for these things over a yr period.
Thanks ahead of time.
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