While buying a Tesla might cause you to stretch your budget a bit, there are ways to save up the extra money.

Interested in buying a Tesla Model 3 but you don't think you can quite afford it? Well then, here are 5 money-saving tips that might make it possible to buy a Tesla.

We've come to know a term called the Tesla Stretch. In simple terms, it means that in order to buy a Tesla, you extend your car-buying budget beyond your usual means. This is a very common phenomenon. In fact, most Tesla buyers openly admit to spending more on a Tesla then they have on any other car in the past.

So, how do you save up for your Tesla then? Famous Tesla YouTuber Andy Alye has many excellent money-saving suggestions. These can be used to save up for a Tesla or just to save money in general, but a Tesla is what you truly desire, then you may want to follow some or all of Andy's advice.

Find out his money-saving methods in the video above. The tips include, but are not limited to:

  • Create and follow a budget
  • Be frugal
  • Learn a valuable skill
  • Model 3 configurator and options

Video description via Andy Slye on YouTube:

How to Afford a Tesla: Top 5 Ways I Saved $60,000 in My 20's to buy a Model 3