If you live in a large metropolis, odds are the idea of dumping the car to save money has popped into your mind. If you are getting behind on insurance or car payments, and taking out payday loans, no credit check, for this required expense, your other option might be to forgo ownership of a car all together. Payday loans and credit cards should be used for temporary, emergency expenses, not to supplement income for expenses we know are going to be due every month. Next to our rent or mortgage expenses, car expenses represent the next biggest monthly expense that has to be budgeted. Or, does it? It may be possible to save hundreds a month, even thousands a year, simply by making the choice to go car-less. If this is enough to increase your lifestyle in other manners, it might be not only a good financial choice, but an environmentally friendly choice to make too.
It Is Possible!
Places like New York, San Francisco, and Boston have great public transportation systems that are far cheaper to ride than owning your own car. Day and monthly passes are available too. However, even if you don’t live in an area with a good transportation system, or choose to move there, there are still other options in this economy. If you are unemployed, work-at-home, or a student, you can take advantage of the fact that you don’t need transportation as often as someone who might commute daily to a job. You can choose to bike, walk, or rent a car for the occasional times when you actually require transportation. There are numerous ZipCar.com franchises sprouting up in areas where a working car is a necessity to get around, but you don’t rent them by the day. You rent them by the hour. In return for making that choice in your life, you don’t have to pay for maintenance or deal with a depreciating asset. You might also find now that you easily have an extra several hundreds of dollars in your budget you didn’t have before.
