A little over a year ago, I ditched my car.
It’s a decision I’ve never regretted, and that’s saved us thousands of dollars.
You’ll probably be surprised to find that my wife and I don’t live in a pedestrian friendly big city crisscrossed by bus and train lines, such as New York or Chicago.
Our home is a medium sized southern city where the nearest subway station is 400 miles away — Nashville, Tennessee.
Yet I’ve found that it’s not a difficult place to live without a car or truck.
While only 7.7% of households are carless, according to an analysis of Census Bureau data by Governing.com, Nashville averages 1.6 vehicles per household, below the national average of 1.8.
Indeed, my wife and I aren’t getting by without any vehicle. She still has her car.
But its main purpose is transportation to her workplace, which is outside of the city limits. It’s old, has over 210,000 miles on it, gives us very few problems and it’s paid off. In other words, it’s very cheap to own at this point.
We had no choice but to say goodbye to my 2004 Saturn Vue when it was totaled in an accident. (Fortunately, no one was hurt.)
Our options were either to buy a used car or to pocket the cash we received from the insurance settlement and do without.
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