4. Keep the Habit
It took you years, but you finally paid off your car. Instead of being tempted to spend the extra cash you now have each month, pretend you’re still making that payment, but make it to yourself instead. You can set up an automatic transfer to savings for the payment amount; if you’re really looking ahead, you can set the money aside until it’s time to replace your car. Imagine going to the dealership years from now and paying cash for your next car – now there’s some motivation to keep those payments going into savings.