So, it has been a little over 4 months since we sold the Honda.
We get some strange comments. People really don't believe that you have one car and ask "why would you do that to yourself?". I commonly respond by saying, "why would you put yourself through two car payments when you really only need one car".
It really has not been too difficult on one car. It just takes some careful planning to make sure we can both do things that we need to.
The best part is not paying a car payment every month! Also, no insurance payment, no ad valorem tax on the car, gas to put in the tank, maintenance, and you get the picture. This has really been awesome. It has saved us so much money. However, we are not executing that payment ($320) and paying to the loans. This is a must. We will start doing that this month.
Many thanks to my wife posting the other day. She is the best.
I would love to hear if anyone has ever encountered anyone like her boss that believes debt is a part of life.
Have a great day!
A lot of people see debt as part of life... and though debt is increasingly common, it is not a requirement. It's been romanticized, and that has to stop. Society mustn't be too accepting of it. But as for this current post, I think you said it all in the first lines: "why get two cars when you really need one?". Sure, it's a bit more planning, but it's nothing overbearing. So whatever works for you, works for you.
ReplyDeleteThat is right. Debt has been romanticized. My parents think monthly payments are a good thing and help you build good credit. They are right to a point, but too much in monthly payments becomes a burden and there is nothing good about that.
DeleteMy husband and I only have one car. I am currently unemployed so it's not that difficult to manage but we'd like to save up to buy a used car once I do find a job. We never want to finance or take out a loan for anything ever again!
ReplyDeleteWe are on the same page! No more financing or loans for anything. Once we are out of debt it is on to a cash-only life! Good luck on your job search! Hopefully the new year will bring a new job! We will keep our fingers crossed!
DeleteMy husband and I share one car and have since 2007. Of course, it helps that we work together!
ReplyDeleteThat certainly does help! That is encouraging that you have been doing it for 5 years! I hope our car lasts that long...it is up to 123,000 miles.
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