How can I start saving money for a car?

Question

I am not yet getting my lisence, but I just want a new car hopefully or just a car when I turn 16 that's all and also my parents won't help me at all can you please help me and tell me what I have to do to earn some money.

Answer 1

I don't know how old you are now, but since you're not yet 16, you'd probably have trouble finding a job that can legally hire you. But there's nothing to say you can't start your own business!

I wrote my own newspaper and sold it in my town when I was growing up. If you're starting your own business, you can do pretty much anything. Think about things you like and things you are good at, and somewhere in there you will find something people will pay you to do or make.

Two books to check out (they say they're for kids, but I honestly believe they really should be for teens, many of the ideas are pretty sophisticated):
Fast Cash for Kids
Better Than a Lemonade Stand

Once you figure out a way to make money for yourself, save as much of it as you can. Then, when you're ready to buy a car, buy a used one from an elderly person. I'm not kidding! The elderly usually take great care of their cars and they usually have awesome features like all-leather interior. Your car might not be a flashy color, but it will be cheap and well taken care of. I got car for $2000!

And yes, don't forget to budget for insurance, gas, and maintance for the car. Good luck!

Answer 2

Get a job. A new car at the age of 16? rare, especially if your parents are not going to help you. I suggest you start working. Save enough money and then go to a USED car dealer and get a nice deal on a car.

You also should consider your insurance expenses. Considering your under the age of 18, and your parents are not going to help you, get ready to pay hefty insurance fees.

Answer 3

Get a job. Keep the job and save some money.

Answer 4

save from you allowance.
and do part time jobs at home and in the neighborood and save a portion of your money made.