Money Advice

Should You Become a One Car Family?

One of the largest bills for any household is transportation. It appears that the majority households personal as many vehicles as there are drivers, or extra. For instance, I do know a couple that personal 4 vehicles between the 2 of them. While it looks as if it goes with out question that you should personal a automobile (until there’s nice public transportation round you), do you really want two or three vehicles in a household? Could you get by with only one?

I began fascinated by this not too long ago as a result of I used to be making an attempt to determine other ways to repay our debt. My automobile price is roughly equal to what we owe. My husband solely drives his automobile to work and again. While the funds appear to assist promoting the automobile, the challenges behind being a one automobile household can be exhausting to sort out. First, I wish to talk about the professionals and cons of turning into a one automobile household. Then, I’ll go into some options to driving that you must contemplate.

Pros

1. Save Money – Owning and sustaining a automobile may be expensive. By proudly owning one much less automobile, you’ll clearly save money on gasoline, however that isn’t the one factor you’ll have money on. Cars want upkeep comparable to oil modifications, tire rotations, and mechanical work. You will save on tag charges and presumably taxes as nicely relying in your state. Also, if you’re going someplace the place you should pay for parking, you possibly can keep away from these charges as nicely. Additionally, you gained’t have to fret about getting pulled over and having to pay a ticket! With all of those elements, you would save lots of or hundreds of {dollars} a year.


2. Pay Off Debt – If you presently have debt, contemplate promoting one in all your vehicles to pay it off. As I discussed, that is what acquired me began fascinated by residing with one automobile. Depending in your debt scenario and the way a lot your automobile is price, this may increasingly or is probably not useful. But with out question, you must no less than contemplate the choice of promoting your automobile for money on-line or to a used automobile dealership. If you wish to go the net route, contemplate these tricks to promote your automobile on-line totally free on Craigslist.

3. Go Green – Reduce your carbon footprint by being one much less driver on the street.

4. Get Exercise – Depending on the choice mode of transportation you select, you’ve the opportunity of burning some energy and getting in form.

Cons

1. Rely on Others – At instances you could have to depend on the generosity of others to get you the place that you must go. Perhaps you would chip in for gasoline money if somebody helps you get round.

2. Share and Compromise – We all have been purported to learn to share in preschool, however it might probably nonetheless be a problem as an grownup. You have to have very open traces of communication with your loved ones to know who will get to take the automobile and when. You might want to be taught to compromise.

3. Getting Wet – If you determine to do away with your automobile and journey a bike as an alternative, you will should take care of inclement climate. Depending on the place you reside, this may very well be a actually large deal, particularly if you’re up north the place it will get actually chilly or down south the place there are frequent storms. I’ve a good friend who rides his bike to the bus station to get to work, and I all the time really feel unhealthy for him if I hear rumbles of thunder once I get up within the morning.

4. Being Left Stranded – If your driver can’t decide you up, and there’s a monsoon exterior, you simply could have to remain put and wait. Hopefully, that gained’t occur too usually.

Alternatives to Driving

If you do determine to go the one automobile route, listed here are some actually nice options to driving for you and your loved ones:

1. Carpool – Chances are there’s somebody that lives close to you that’s going near the place you’re going. Considering wanting on a carpool matching web site to seek out somebody. The carpooling advantages are infinite.

2. Bike – This is a fantastic type of train. Even although it’d take you a little longer to get to your vacation spot, you could find yourself saving time in your day as a result of you should have already accomplished your each day exercise. This is usually seemingly what my husband would use if we do determine to develop into a one automobile household.

3. Bus/Public Transportation – Unfortunately, funds for public transportation are being reduce in lots of areas, comparable to mine, however that is a nice different to proudly owning a automobile. What I actually like about utilizing public transportation is that it offers you a chance to get stuff finished, comparable to emails, or it offers you a chance to have some downtime to learn and realx. If you’ve a busy life, it could be good to simply “chill” for 20 or half-hour every single day. While public transportation does price a couple of bucks, it’s normally a lot lower than what you’ll pay in gasoline and in parking.

4. Moped or Scooter – This could be a good mode of transportation if you’re going someplace that’s too far to bike.

5. Telecommute – Consider working at house a few days a week in case your company will permit it. Telecommuting is turning into increasingly more in style.

Final Thoughts

I actually suppose that is a troublesome choice. It would work nicely for some folks however not for others. Your consolation degree additionally performs a enormous half in it as nicely. While I believe it’s a cool thought for a lot of causes, I’m nonetheless hesitant about taking the plunge.

Do you’ve expertise residing as a one automobile household? I’d love to listen to your story!


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