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In this Blog Series Phil is answering questions that have been submitted by readers.

Today’s question is about “How do I budget for a new car?”

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Phil shares five thoughts that will help you with this situation.

• Apply the Goals Formula that Phil teaches in his book Becoming Money Wise.
• Clearly identify the details of the financial goal.
• To “quantify” the goal means to work out the numbers.
• Understand the principle of committing to saving.
• The key to achieving goals is __________ __________.

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You can submit your own question by replying to this blog, or by registering for your free gift from Phil at http://philstrong.com/freegift/

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