Auto repair fund

[Russ]

How much do you put into your auto repair fund on a monthly basis?

Do you just use an envelope or do you have a separate account?

Is it just for repairs or does it include regular maintenance such as oil changes and tire rotations?

[227melissa]

I have a category for reg auto maint, keep in an envelope. For major repairs I use my EF.

[khaski]

We can cash flow the minor things, we don't yet have a specific 'auto repair' savings account. We plan ahead and save for things like snow tires ($1100-1200 this month, got hubby's done this weekend, mine coming at endmonth) or shocks/struts. If we had a big unexpected repair, say, $800+, we would cash flow what we could, including cutting down our amount of saving for the month.If it went over that I guess it would come out of our EF or 'next car' savings.

How much you shoud be saving each week/month depends on large part how old your car is, how expensive your repairs might be (is it a Ford or a BMW?) and how close you are to buying your next car, hopefully with cash only.