Maintenance Savings

Discussion in 'Ask An Owner Operator' started by Chains, Oct 10, 2010.

  1. Chains

    Chains Bobtail Member

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    Oct 10, 2010
    Utah
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    How much do you experienced O/Os set aside each month for maintenance? 10% of gross? Next year I'll have saved enough to buy my own truck and am trying to get the best idea of what expenses O/Os set aside every month whether you use it or not.

    Thanks for your help!
     
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  3. rickybobby

    rickybobby Road Train Member

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    For me there is no such amount...Just save and save! If your truck goes down and you dont have enough money in your maint fund.. You going to have to get it from somewhere else. Maybe from your piggy bank fund lol
     
  4. Big John

    Big John Road Train Member

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    I put away .10cpm every week into my maintenance savings account, but that account gets robbed to pay other things sometimes so like rickybobby says save, save, save. Put what you can in the savings account out of each settlement and hopefully you keep it in their. Get on a budget.
     
  5. blackw900

    blackw900 The Grandfather of Flatbed

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    I put away .25 per loaded mile for maintenance....I also consider the account to be at zero when it get down to $20,000 that way it always has a fairly decent amount of money in it.
     
  6. mackman141

    mackman141 Bobtail Member

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    Oct 5, 2010
    SE PA
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    x2

    I have one account for the truck that i put all the truck money into after i pay myself.
     
  7. Chains

    Chains Bobtail Member

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    Oct 10, 2010
    Utah
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    Thanks all for your knowledge and time!
     
  8. Roadmedic

    Roadmedic Road Train Member

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    I put 10% of the load pay away each trip.
     
  9. Mr. PlumCrazy

    Mr. PlumCrazy Road Train Member

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    Jul 30, 2009
    Lexington NC
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    I have one Business account whatever is in there after expenses is subject to maintenance funds
     
  10. Krooser

    Krooser Road Train Member

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    Jul 25, 2010
    Wisconsin
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    I don't... it all goes in the same pot.
     
  11. That's almost exactly what I do, too.
     
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