Car Breakdown

Budgeting For Unexpected Vehicle Costs

It’s easy to forget about things when you’re putting a budget together. Unfortunately, unexpected costs can arise from time to time, and they can essentially ‘break your budget’ if you don’t have something to fall back on.

Although things like Mercedes Benz servicing can be expensive, unexpected breakdowns and repairs can be a lot harder to pay for. It’s therefore important to keep them in mind when you’re putting together a budget, and make sure that you include them. Put it this way: it’s a lot better to have money left over at the end of the year than to run out of money when you need it.

Consider the following things to help you budget for unexpected costs:

Use The 1% Rule:

The 1% rule is an old budgeting guideline that involves putting aside 1% of your income every week for unexpected expenses. Although it works, 1% isn’t a lot, and it may not give you enough savings to pay for large repairs.

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How to Start a Transport Company Without Debt

While it always costs something to start up a business, there are ways and means to start up a transport company without too much debt, depending on what kind of freight you transport. If you do it right, then you can get away with spending about the same as you would on buying a car.

For instance, you can sell your car and purchase a good used van, one tonner, or ute instead, for the same amount of money and use that as your start-up vehicle. The freight you carry will have to be small enough to fit in your vehicle, but there should be plenty of that around in a city as there will always be car parts and other small goods that always have to be sent from one destination to another.

By taking small loads you can offer fast service because it won’t take as long to load your vehicle as it would for a semi-trailer or a large truck.

Here are some points to consider:

  • If you are single, your transport vehicle can be used for a personal vehicle, especially if it’s a ute.
  • If you are a family man – or woman – you may need another vehicle to take children to and from school unless they are old enough to take the bus. That said, a child seat can fit into a ute or van and you can do the school run in between pick-ups.

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