When people see that title, most of you will think..aha another scam scheme... However, I will explain to you how to save substantial money without doing anything. Let me know if you like my idea.
The only thing you need is your discipline. That's all
Here is my idea...
When you buy a big item purchase, like your car, your furniture, your TV set, even your house, you should buy it using CASH only, DON'T USE LOAN or CREDIT CARD AT ALL. But where is your CASH to pay for???? I hope you don't rob the bank :) So, it comes to the planning.
For example, when you want to buy a Toyota Camry, it would cost you about $21,000. If you loan the bank for $21,000 at 6% for 4 years, you would pay $493.19 / month. After 4 years, you will pay $21,000 (principal) + $2672.88 (interest).
For me, to buy that Camry car, I would put $493/ mo into my saving account. After 4 years, I have $23,664 that I can pay my Camry for $21,000 and have some money left. Now, I can buy another car in the next 4 years using the same process.
I bought 3 cars using the same method. And I still own them. My car migh be old but it's reliable and I don't have to spend $300-500 / month for my car payment at all. I think this is SUBSTANTIAL MONEY SAVING. Won't you agree?
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