In 2021, you can be in the group of Americans that are making at least $100,000 annually. Let's see how we could be making that much with these 6 simple ways to save at home and get some extra cash to spend it on your next car.

1. Save Early  Savings from 2020

$1,000 on a down payment is required to buy a car.

If you make between $50,000 and $100,000 annually and want to get in early to avoid higher insurance rates, you should save the first $50,000 (that's $15,000 to $30,000 annually) by moving your payments up 15 to 20 days.

If you are in the top 10% of earners that can afford a decent car, you should expect to save $35,000 from 2017. That's $12,000 per year. The average cost of a car in the United States is between $28,500 and $33,200.

2. Have a Credit Card With a Purchase Limit

If you have a credit card that provides a credit limit, consider saving on your annual auto expenses through the use of a cash down payment of $1,000 ($300 for 2016) or a variable annuity with a $1000-30,000 variable rate depending on your credit rating, with no payments to make after the $1,000 down payment. You'll then have the money going to your car before interest, payments and any payments you make when saving  meaning you won't be paying interest at all on the extra cash you've saved up.


Photo: kenpommer

Don't forget about your card's monthly fees. If you have a credit card, you might be charged around $2 a month for a credit card. You can also have fees on your card, but most cards don't charge extra when you apply for a home loan.

If you have a student or other prepaid card, you can also set it up so that only 25 cents goes to your interest rate. That way, you can get a 25 cent rate when you pay off your loan at the rate of 11.9%.

3. Shop at Goodwill Direct and Goodwill Marketplace

Goodwill offers a great way to save money by shopping. It is a great place to find great quality new, used or used goods as well as other goods and services.