Starting my education process....
Awesome forum!!!! been reading it for the past few days. I do like Class B's but they are just outside of my budget, well at least the ones I like. I'm looking at C's since we are 4 (parents ...
Forum Discussion
BTW - Since I've started this process some 8 months ago, I have been setting aside 2 sets of funds.
1 - has been towards building up deposit/down payment. at least $500 a month
2 - has been for what I'll call RV start up cost - all the little things that will be needed (hoses to general maintenance supplies) on hand. $100 a pay cycle
My logic was/is that this process would take about a year. More I can save towards the deposit, the less I would need from savings. The second one I setup a direct deposit to a separate account that I have. Rest of my pay goes to my primary account that I use for bill paying and stuff. Mind game I play on myself of out of sight out of mind. Some like to over withhold on their taxes and get a big refund (I hate that concept). I rather it go to my bank and what little interest I get is more than what government gives.
That second account is where I will pay myself when I do my own work. It is what I do with my cars. Dealer charges about $100 to do an oil change with Air and oil filters. Cost me about $40 to do it myself. the $60 goes into the bank as if i paid the dealer. with 4 cars thats 240 about 4 times a year. When a big repair job is needed that I don't want to deal with I have funds available. Forced savings and it adds up, literally :)
1 - has been towards building up deposit/down payment. at least $500 a month
2 - has been for what I'll call RV start up cost - all the little things that will be needed (hoses to general maintenance supplies) on hand. $100 a pay cycle
My logic was/is that this process would take about a year. More I can save towards the deposit, the less I would need from savings. The second one I setup a direct deposit to a separate account that I have. Rest of my pay goes to my primary account that I use for bill paying and stuff. Mind game I play on myself of out of sight out of mind. Some like to over withhold on their taxes and get a big refund (I hate that concept). I rather it go to my bank and what little interest I get is more than what government gives.
That second account is where I will pay myself when I do my own work. It is what I do with my cars. Dealer charges about $100 to do an oil change with Air and oil filters. Cost me about $40 to do it myself. the $60 goes into the bank as if i paid the dealer. with 4 cars thats 240 about 4 times a year. When a big repair job is needed that I don't want to deal with I have funds available. Forced savings and it adds up, literally :)
