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Saving Money To Buy A Car?
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[QUOTE="funmi, post: 220312, member: 38880"] For me a car is not but a liability only if it used for business purposes other wise it will just be a waste of time and resources. There is this colleague of mine at work that told me of his plans of trying buy a car worth about one million, five hundred thousand naira. And I know what we are earning is not so much for him to be able to afford somuch kind of car within a short space of time knowing that he has no other source of income and he has a wife and kids to take care of so I questioned how he had managed to raise the funds. And he was initially reluctant in providing the answers but later opened up that he had joined a savings plan in a cooperative and was going to be paying them back little by little till he completes his payments. Then I asked him what he needed the car for and he said to drive around and immediately I told him not to buy it just yet and wait for Sometime and use the money to start a business. A farming business and he bought a land and stated making good money. [/QUOTE]
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