Money, money, money. Money makes the world go around. But how do we move ourselves around the world?
In life there are a lot of expenses that we can’t choose on how expensive or cheap they will become. The one that we have some room to wiggle around with is the costs of moving from one place to another. Depending on where you life consider using a bike, going on foot or using public transport to reach your destinations.
If you think nobody cares if you’re alive, try missing a couple of car payments. – Earl Wilson
If you realise that you can’t go without having a car there are still a lot of options. Think before you undergo a debt for purchasing a car. Don’t have the money to buy a car but you need it to travel to your work? There is no problem with that. However think about how much you are willing to spend on your car loan.
Consider downsizing on your car’s wishes and buy a more affordable car, take a look at second hand cars. Still going for a brand new car with a credit connected to it? At least think about taking collision insurance on the car. Yes, this will make it a lot more expensive. But if your car gets declared a total loss, you still have to pay the debt and buy yourself a new car at the same time. This will be taken car off if you have a collision insurance, which will cover your costs.