Comments for Money Saving Ideas - Can you save £250 a month? http://www.moneysavingchallenge.com Save money, get out of debt, increase your income and grow your wealth Wed, 22 Feb 2012 19:37:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 Comment on Top Articles From UK Blogging Superstars – February 2012 by DPJ Suter http://www.moneysavingchallenge.com/uk-blogging-superstars-feb-2012/#comment-467 DPJ Suter Wed, 22 Feb 2012 19:37:42 +0000 http://www.moneysavingchallenge.com/?p=966#comment-467 No problem Harri, you are more than welcome :) No problem Harri, you are more than welcome :)

]]> Comment on Top Articles From UK Blogging Superstars – February 2012 by Harri @ TotallyMoney http://www.moneysavingchallenge.com/uk-blogging-superstars-feb-2012/#comment-466 Harri @ TotallyMoney Wed, 22 Feb 2012 10:11:09 +0000 http://www.moneysavingchallenge.com/?p=966#comment-466 Great list! Thanks for including us amongst your UK blogging superstars! Great list! Thanks for including us amongst your UK blogging superstars!

]]> Comment on UK Personal Finance Blogosphere 2012 by maria@moneyprinciple http://www.moneysavingchallenge.com/uk-personal-finance-blogs-2012/#comment-417 maria@moneyprinciple Tue, 24 Jan 2012 20:10:47 +0000 http://www.moneysavingchallenge.com/?p=770#comment-417 I'll be very happy if you do. Thanks and keep the good work going. I’ll be very happy if you do. Thanks and keep the good work going.

]]> Comment on Life Changing Actions To Achieve More From Your Money Saving Ideas by DPJ Suter http://www.moneysavingchallenge.com/life-changing-actions/#comment-416 DPJ Suter Tue, 24 Jan 2012 19:52:06 +0000 http://www.moneysavingchallenge.com/?p=738#comment-416 Hi Dave, I appreciate there are many different facets to consider when trading down from one car to another and it is good to take into account some of the constraints you mentioned. Perhaps I over-simplified the example, but I guess the key point is that people need to make some big lifestyle changes to help improve their finances :) Hi Dave, I appreciate there are many different facets to consider when trading down from one car to another and it is good to take into account some of the constraints you mentioned. Perhaps I over-simplified the example, but I guess the key point is that people need to make some big lifestyle changes to help improve their finances :)

]]> Comment on Life Changing Actions To Achieve More From Your Money Saving Ideas by Dave http://www.moneysavingchallenge.com/life-changing-actions/#comment-414 Dave Mon, 23 Jan 2012 22:08:40 +0000 http://www.moneysavingchallenge.com/?p=738#comment-414 I know it's just an illustration but... Although the 1-series is more frugal than the 3, it's still a hefty cost - for starters, it will cost over £2k just to service the loan on a car that will lose an extra £2-3k in value the moment you drive it off the forecourt. Effectively paying £4-5k on a £10k car for the privilege of knowing nobody broke it in for you isn't all that fiscally astute. To make matters worse, a cash buyer would be able to negotiate a far lower price, so it's not even really a £10k car. You might be lining the dealer's pockets to the tune of 150% of the real cost of the vehicle. I know it’s just an illustration but…

Although the 1-series is more frugal than the 3, it’s still a hefty cost – for starters, it will cost over £2k just to service the loan on a car that will lose an extra £2-3k in value the moment you drive it off the forecourt. Effectively paying £4-5k on a £10k car for the privilege of knowing nobody broke it in for you isn’t all that fiscally astute.

To make matters worse, a cash buyer would be able to negotiate a far lower price, so it’s not even really a £10k car. You might be lining the dealer’s pockets to the tune of 150% of the real cost of the vehicle.

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