Skip the finance fees on major expenses. Have a Major Expense Fund!

Have you ever won big on a game show?

No?

Well, me neither.

Most of us are simply spectators when a contestant’s eyes bulge out with their incredible prizes.

A new car! A living room makeover! A trip to Fiji!

It can be exciting to watch but most of us are going to get those things the old-fashioned way.

We buy them.

But that doesn’t mean we don’t get incredibly excited when we make the purchase. In fact, we may even be tempted to go a bit overboard when we look at those shiny new vehicles. Stylish furniture and vacation possibilities.

And it’s sooooo easy to pay for it. Stick it on the credit card and – ta da! – it’s yours!

But not really. You’re stuck paying for the shiny new object for months. Maybe even years.

And that means you’re not just paying for the shiny new object, you’re paying a financial institution for the privilege of using their money.

Not so exciting any more, huh?

To reduce that stress or avoid it entirely, take advantage of your Major Expense Fund.

When your Phew! Fund has at least $1,000 in it and you’ve started your Emergency Fund, that’s when pushing some money to your Fun Fund and Major Expense Fund happens.

Set a goal and open a high-yield savings account. Even if it’s $25 or $50, get started. Then set up an automatic plan so that money is moved to your Major Expense Fund the day after payday. Again, even $25 regularly builds quickly. You may also want to transfer that when it grows to a CD to lock up the money and lock out temptation.

Even though you might not have the money to fully pay for the item you’ve been saving for when the time comes, you’ll have a major head start. And that’s a major stress reliever!

We’ll go over specific humongous ticket items like vehicles in the future but, for now, rest assured that you really can pay for an item in full if you have a system for saving. If you’re slowly paying off debt like a car payment, there is light at the end of that tunnel, too. Once you’ve paid off that debt, you can move what you were paying to your Major Expense Fund.

Many people see that “extra” money and are tempted to spend it on something else. Shake off that temptation to just go with the flow. As the old saying goes, only dead fish go with the flow.

And you ain’t no dead fish!

Take control of your future and set that aside for something you know you are going to need.

Can you imagine putting aside, say, $500 a month because you paid off a major debt? That’s $6,000 a year! You can pay for expensive items for sure with that kind of cash in your account. Woo hoo!

Plan ahead. Set up your Major Expense Fund today.

Make future you proud of today you.

Be the boss of your bucks!