#15 Frugal Tip Of The Day | FrugalFergie.com

#15 Frugal Tip Of The Day

October 23rd, 2008 | Posted in Saving Money

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curvy road

There’s no doubt that automobiles and all of their associated costs are expensive, so today’s frugal tip is: Reevaluate your auto needs.

Perhaps there was a time when your family required more than one car to get around, but is that still the case? Ask yourself the following questions:

Can your family make due with one car? Extra Insurance, maintenance, fuel, and car payments are costly, so if at all possible I recommend that you reduce the number of vehicles you own.

Recently move to the city, or closer to an urban center? Research transit possibilities, including carpooling and bus services available in your area. Both reduce costs and are much more economical than a second car.

Are you struggling to make ends meet while paying huge car payments? If you’re barely able to pay the mortgage and keep the lights on, consider selling your current vehicle and opting for a smaller and cheaper model. Do the math and choose the best option for your family’s situation.

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