Save money – be a one car family
November 9, 2009 by Jennifer Chait
Filed under 12
Cars cost families a lot. At first glance it may not seem like much of your budget goes to your car, but the Dept. of Labor’s Bureau of Labor Statistics notes that car ownership costs are the second largest household expense in the U.S and can take up about 17% of the family budget (that’s for one car).
Ditching one car if you have two can be an excellent way to lower household costs. You can save that money you would be spending on depreciation, interest on your loan, taxes and fees, insurance premiums, fuel costs, maintenance, repairs, and more and …read more
