Everyday Money Management

Cutting Car Costs

Know When to Say When: Don’t give up on your older car just because it needs repairs. Even a $2500 new transmission may be a bargain when you compare it to the $10,000 annual tab of a moderately priced new car. But, if you are finding yourself forking over a wallet full of cash for repairs again and again, it may be time to shop for a new car.

Finally…

Dump The Wheels: Try going without your car (or a second car or a third one) for a week or a month. If you can make it, you may want to dump that car and rent on the occasions when you really must have a vehicle. Considering that even a “cheap” new car costs about $7500 a year to operate, you can end up ahead by hoofing it and hailing a cab once in a while.

For more money saving information, visit www.ConsolidatedCredit.org