For a while now we’ve been toying with the idea of going car-free. Since we both take public transit to work, we only use our car on the weekends. Today I read an inspiring story of a family who did it and are much better off both financially and physically. From the article:
Within two months they paid off two credit cards. No car meant no car bills. It also meant no quick trips to Taco Bell. No morning jolt of Starbucks. No impulse buys of jeans or toys at Target.
Shopping on a bike, says Erick, prompts the question: “Do we really need an extra box of Crunch ‘n Munch?”
One day Jess had a strange complaint: too much money in her wallet and no place to put it. Erick figured out they were recouping more than a third of their income.
“It’s as if your boss came in,” he says, “and asked if you wanted a 35 percent raise.”
See here for the full article.