Consider to buy a Proton S70 Car

Congratulations Proton finally launch it's latest sedan car after 3 series of X's Proton SUV's & MPV's. Kudos to those who wanted to buy a Proton S70 Car. With current situation many raise a question regarding the price of this executive Sedan.

Achieving your goal of buying a new Proton S70 car with limited surplus salary and existing high commitments will require careful financial planning and commitment to saving. Here are some steps to help you work towards your goal:

1. Assess Your Finances: Take a close look at your current financial situation. Calculate your monthly income and subtract all necessary expenses, including existing commitments, bills, groceries, rent/mortgage, and other essentials. This will help you determine how much discretionary income you have left for savings.
2. Set a Realistic Budget: Based on your assessment, set a realistic budget for purchasing the Proton S70. Consider the total cost of the car, including taxes, registration fees, insurance, and potential maintenance costs. Be sure to factor in loan interest rates if you plan to finance the car.
3. Cut Unnecessary Expenses: Review your spending habits and identify areas where you can cut back. This might involve reducing dining out, entertainment expenses, or non-essential subscriptions. Redirect the money you save from these cutbacks towards your car savings fund.
4. Create a Savings Plan: Develop a structured savings plan. Determine how much you need to save each month to reach your goal within a reasonable time-frame. Divide the total cost of the car by the number of months you're willing to save for it. Make sure the monthly savings goal is achievable without straining your existing commitments.
5. Automate Savings: Set up an automatic transfer from your main account to a separate savings account dedicated to your car fund. Treating this savings like a monthly bill will make it easier to stick to your plan.
6. Explore Additional Income: Consider taking up a part-time job, freelancing, or selling items you no longer need to generate extra income. The additional earnings can help you accelerate your savings.
7. Prioritize Debt Repayment: If you have high-interest debts, like credit card balances or personal loans, prioritize paying them off. High-interest debt can hinder your ability to save effectively. Once you've cleared these debts, redirect the money you were putting towards them into your car savings fund.
8. Research Financing Options: If saving up the entire amount for the car seems unrealistic, explore financing options like car loans. However, be cautious with loans as they will add monthly payments to your existing commitments. Shop around for the best interest rates and loan terms to find a deal that works for you.
9. Be Patient and Stay Committed: Achieving your goal will take time and patience. Stick to your budget and savings plan, even if it means making sacrifices in the short term. Regularly remind yourself of the end goal to stay motivated.
10. Consider Alternatives: If, after careful planning, you find that affording the Proton S70 is still not feasible, consider alternative options such as looking for similar models from other manufacturers, considering used cars, or postponing the purchase until your financial situation improves.

Remember, achieving financial goals requires discipline and consistent effort. It's essential to strike a balance between pursuing your dream and maintaining your existing financial responsibilities.