Why We're Not Selling Our Cars

This article was written by Adam from Money Relationship. On his site, Adam talks about his long journey out of debt while still trying to live a good life in the process.

On my first post here at Frugal Dad, I wrote about our pile of debt and the steps that we are taking to get out of it. In several of the comments, people referred to selling our cars as a way to get a quick start on our debt problems. Well, my wife and I feel like that is a ridiculous move to make on our part. It’s just not feasible. Here are some of the reasons that we think the idea is bogus:

We’re Not Upside Down

Luckily, we are not upside down (having a loan larger than the cars value) on either of our cars. I drive a Chevy Malibu and my wife drives a Ford Focus. When we purchased them, we put a good chuck of money down and that has helped keep us on the right side of the equity.

Our Payments and Interest Rates Are Great

Both of our cars are financed with our credit union and neither are above 7% interest. Our payments total under $450 with mine being $200 and hers is $230. We will also get them paid off in less than 3 years if we only pay the minimum (which isn’t our goal). I can see where you might want to sell your car if you have outrageous payments. That’s just not the case with us.

We Feel Safe In Our Cars

I am guessing that some of you will now tell me to sell my cars and use the equity to buy a couple of “beaters”. Currently, my wife and I feel extremely safe in our cars. Before I purchased my Malibu, I drove a 1995 Ford Escort. That car felt like a big tin can to me and I knew if I were to get in a major accident, I was a goner. Now that I am driving my Malibu (with airbags galore), I feel much better knowing that my car is saver.

My wife drove a 2002 Pontiac Sunfire before her Focus. That thing was just a dangerous car. It rated horribly in Government crash tests. She was actually in an accident several years ago and broke her wrist. I thank God everyday that the other car hit the passenger side, otherwise she may not be around today. One of our main goals in finding her a new car was safety. We found that with the Focus she has today which also has airbags throughout the car.

If we were to sell our cars and buy “beaters”, I think it would add a level of additional stress to our lives and frankly, we just don’t want that.

We Don’t Want the Added Costs of a “Beater”

Over the past few weeks, we have seen many friends put hundreds of dollars into their older model cars. It seems like every other weekend something goes wrong. I think one of our friends just broke their car door handle and then took it to the shop only to find that they needed a new transmission. We just don’t want those surprises while we are getting out of debt. My wife’s car still has a warranty so if anything goes wrong with hers, we will be covered. My car is only 4 years old and I have yet to have any trouble with it (besides wear parts like breaks).

We Have Long Commutes

Several of the comments also talked about just keeping one car and making that work. Well, I am here to tell you that it is impossible. During the week, I live in another state to work. Although it’s only 2 hours away from my wife, I obviously need a car to get back and forth. I just can’t see myself “biking it” either. 🙂 My wife on the other hand, has about a 30 minute commute to work. Like I said before, it’s just not possible for us to be a one car family. I hope that day will come, but it’s definitely not now.

I know this post wasn’t the most organized. It also wasn’t my best written one. I just really wanted to express my opinion on this matter. You just can’t recommend someone to do something until you know the whole story.


  1. The term beater does not mean a car which is a junker. Some new cars become worthless as soon as the warranty wears out. I drove a Chevy Metro and it was a death trap and piece of garbage from the moment I left the show room. He doesn’t recommend you sell your car because you are upside down, he recommends you sell it to get out of debt. Buy a used affordable car for cash, then, as you get out of debt buy better cars. Our youth pastor did this. He has 4 children and drives a “beater” he bought for 100.00. It is a very heavy car in good shape but was ugly. After he saved some money and could afford a better car, he decided to paint the beater because he felt safer in it than todays aluminum cars.

  2. Sorry but these are the typical lame rationalizations of folks who finance cars when they should not. The “we’re not upside down” argument makes no sense. Being upside down might be a reason not to sell. We own two 1999 vehicles – fully equipped with front and side airbags, etc. – and pay way less than $450/month in maintenance costs.

  3. One of our two beater cars just died a most sincere death, so we replaced it with a new ( one year old) van. We had been saving cash for a replacement, but opted to go the payment route in order to buy a better, safer car instead of another old car. With 4 kids and a rural lifestyle, and no other family in sight, we’re very happy with our purchase.
    Also, I really thought these personal finance blogs were just that, personal. Do what works for you, make your payments and be happy. Is the lowest cost option always the best for a family? NO! I could care less if MR tough money love was living on the air we breathe and not paying a dime out to anyone. It’s not the life I want.

  4. @ Beverly – I understand that the term “beater” doesn’t mean a hunk of junk. I typically listen to Ramsey every day. I am only using the term that he uses so loosely.

    Typically, Ramsey says that if the value of your cars is less than 50% of your total income, it’s OK to keep them and add them to your debt snowball. Our cars are below the 50% threshold for us. Our cars would have to be worth over $45,000 for us to be “required” to sell them under his plan. Are cars are maybe worth $25,000 combined.

    @ Mr Tough Money – You pay less than $450 for maintenance costs for cars with no payments. We pay $0 for maintenance and $450 in car payments. There doesn’t seem to be much difference.

    @ Kim – Thanks for the comment. Sometimes it is right to do what’s best for you. If somehow we needed to finance another car, we would still want to pay it off as fast as possible. If I were you, I would take any extra cash per month and pay off the debt fast. Loan terms are for losers!

  5. I understand your rationale. My husband and I made the same decision in 2006. My 1993 Mercury Sable “blew up” on the interstate one afternoon. We had two cars – the ’93 Sable and a ’91 Ford Aerostar. Neither were dependable, so when the Sable died, we bought a 2007 Toyota Matrix. We financed $10,000 at 4.99% interest and paid the rest in cash. It was a 5-year loan that we paid off in about 2 years. We needed a reliable, high performing vehicle with good gas mileage. Sometimes you have to bite the bullet.

  6. It’s all about priority. If you are determined to get out of debt and stay debt free you will take the necessary steps.

    Personally, I like debt free, it feels so good! It’s worth giving up some comfort, style and even worth taking on a little more risk (we only have one airbag). This is why we continue to drive a 12 year old car that looks like crap but is very dependable. It is no “beater” in my book. Last year expenses were high but average annual expenses have been less than $500.

    Then again I guess it is a “beater” as in you can’t beat that with a hard stick!

    Adam – If you are serious about debt, you can find decent, safe and reliable cars that will cost less. But it is your choice.

  7. Adam, I truly appreciate that you and your wife are trying to be transparent about your war on your debt. But I think that some of the readers here (myself included) have been a bit concerned about the amount of rationalization and defensiveness in your posts– this one included. I think that those of us who have been in your current debt boat (and there is much wisdom and experience in these comment sections) have warning bells going off in our heads.

    I am saying this in kindness, not in attack mode– your debt is massive. Your battle strategy needs to be massive. That probably means rethinking the car situation, as much as you hate to do it.

  8. I think you can drive and do what you like. When everything is said and done, it is your decision to make. I don’t see you wanting to get a different car because of the long drive and I totally understand that. I have a much older car, but I worry about it breaking down on the highway and having to tow it. I am looking to save money and upgrade since my commute is 120 miles round trip for my full time job and 50 miles round trip for my part time job.

    Maybe one day we could all ride bikes and be happier and healthier. I hope one day to own a business again and not to have to commute at all!

  9. Safety, reliability, and confidence in your vehicles are MUSTS if you have to commute any distance at all. For a LOT of us, there is NO alternative to having a vehicle if we have to go somewhere – public transit does NOT go to my work, nor to my grandkids, and I am way too old and the weather too severe here (wind gusts to 50 mph today and rain) to be trying to bike ride to either place.

    Frugal is about saving in some places to be able to make choices to spend in others. Go for safe, go for feeling secure, go for reliable transportation!

    There is also a major flaw in Ramsey’s thinking about the value of the cars…at 50%, someone who makes under $20,000 per year should only own a $10,000 car? I make UNDER $20,000, but have NO debt, and bought my 2001 Forester new ($21,000) and paid $13,000 cash for a 2004 Silverado 4×4 in 20009. Obviously my rigs are over that threshold… BUT… I think if you pay cash, OR pay off in 2 years, just ignore Ramsey… and if you make little, but have NO Debt (including the mortgage), then do whatever you want.

    It’s a matter of cash flow…. not necessarily income. You need those safe rigs – keep them! Why buy junk and then have to buy again – yours should last a long long time. I know I feel that at 55, these are probably the last 2 rigs I’ll ever own. That’s my intention anyway.

    And why do I need two rigs? Well the forester is a darned good car with only 115,000 miles on it and great cash mileage and traction in the snow out here -and paid for – so why sell it? But I needed the 4×4 truck to get firewood in, go hunting in, and pull the travel trailer I take my grandkids camping in. And I like sitting up high in traffic in it and being above the headlights to I can actually drive in the dark in it 🙂

  10. You make very valid points for keeping the cars you have. If you had outragous car payments or outragous cars, I would be singing a different tune. Keep the cars you have for a very long time. Pay them off and start saving cash for the next one. We only lived with one car for four years of our marriage- it was miserable for me. To some necessity- others luxury. Sounds like necessity in your case:>)

    Happy New Year!

  11. Chris, now known as Adam…
    When your first post was on here and you got totally ripped by a lot of people I tried to post some encouragement, to keep you on the positive side instead of just getting beaten up by readers.
    But…this car stuff is sounding pretty lame. Each post I have read of your journey is more about why you just can’t do something, rather than taking radical steps to become debt free. Sure some of your points about confidence in your car and reliability make sense. But you could find those same things without a $450 payment each month. Don’t let the fear of an occasional repair keep you from paying an additional $450 a month towards your debt.

  12. I am with you, we have two modest cars, a 2007 Honda Fit and a 2007 bought used Kia Sedona. Both are almost paid off. I will never drive a beater because we had a different beater car every six months growing up and I can’t begin to count the number of times we were stranded somewhere or had to call my grandma to take us to school because the car wouldn’t start…never again!

  13. i have several teens all coming of age to drive. (i take in kids that are homeless as well as two bio kids) one of them need to drive to school. i gave up my 150,000 miles paid off buick so he/they could use it. Instead of buying another car i posted on facebook that i needed a vehicle to get me to and from several outreach programs i run in my town. i cant use my paid off 10 year old motorcycle and my wife drives a vibe that we pay 200 a month on. someone saw my post and gave me a 91 ford f150 that most would be embarrassed to drive. I was at first. but now i am proud to drive this ugly monster that requires no payments, is safe, and fits my needs for my about town driving….did i mention 200 a year for insurance instead of 2000.

    just thought id jump in.. point is, it feels great to know it is costing me so little. for the first time in my life its not a status thing.

    be blessed, happy new year

  14. Mike – I think ‘the need for an occasional repair” is what IS making them keep the cars they have…. meaning, not so much the cost, but the downtime when the car is in the shop and you need it, the uncertainty of when it will break down and mostly WHERE it will break down (in the middle of a bad place or a secluded place with no cell phones etc…10 miles up in the woods etc)…
    the inconvenience and the time missed from work because of the breakdown… etc…

    Why put yourself thru that fear and uncertainty. Security and safety are my TOP priorities in the rigs I drive. Once I feel I can no longer DEPEND upon a rig, it’s gone. I refuse to deliberately take that chance with my safety )I live in a very rural area)… I realize nothing about a rig running is a certainty – but why risk it with an older car in bad shape just for the sake of money? Take care of personal safety first!

    Once does not have to take RADICAL steps to become debt free, as long as one is making progress. Sometimes slow and steady wins the race!

  15. Agree with your reasons for keeping your cars.

    But I really agree with your last line, which, sometimes, is not applied (by you and others reading/judging what others write here) to considering other folks’ decision-making and choices when it comes to getting out of debt:

    “You just can’t recommend someone to do something until you know the whole story.”

    The “whole story” is generally subjective, but it’s something that has to be considered in all financial choices. What works for X may not work at all for Y even if their income and debt numbers were the same or similar.

    Safety is a major factor when it comes to cars. To me, you pay as much as you can to get a car as safe as you can. Because the costs of an accident can be far more than you can afford, literally and figuratively.

    I have never understood people choosing unsafe cars to save (allegedly) what turns out to be only a few dollars. And often those same people are the very ones who have little or no health insurance and who could least afford the effects of a serious accident on their own health and that of others in the car.

    Reminds me of people who renovate houses and scrimp on things like plumbing, heating and electrical repairs. You gotta pay for safe “basics.”

  16. I can see both sides of this one, as I’ve been there. At 50 I have made the decision to drive an older Honda(not quite a beater). We gave up our safer newer Volvo that always had an expensive repair; the clincher was the computer went out and it was $$$. Everything on that BEAUTIFUL car was expensive to replace…oh but it was safe was my rationale for about 5 years. Honestly I know it boosted my ego to have that car and the day I gave it up I saved my family money. My car insurance is cheaper and I own the car outright. Incidentally I have a wonderful mechanic and a backup plan for emergencies…I mean we make back up plans for other things, right? Your situation is different and your vehicles aren’t exactly luxury cars and even if they were it is ultimately your decision how you wish to spend your money. Happy 2010!

  17. >>Or do I buy a two less expensive cars with the $2,000?<<

    IMHO– yes. You do. Then you find a good mechanic to keep them running reliably. Honestly, I spent more time in the shop with my "fancy" cars earlier in my life than I do now with my "beaters". They don't look pretty, but they are reliable. And I feel completely safe. The only issue I have had that has left me stranded in 5 years was a cam shaft sensor that went out on my truck in the middle of town — I had the tow protection on my insurance and within 10 minutes a tow truck was there, towed me to the shop, and the sensor ended up being a recall that was covered once I sent proof into the auto maker that I had had it replaced. That whole stranded incident didn't cost me a dime and took 30 minutes tops out of my day.

    I got railed the last time I said this, but I'll say it again. It is a no-brainer to get rid of the car payments.

    Your newer cars cost more in insurance, licensing, and you still have to pay for maintenance: oil, tires, etc. as mentioned above. I would bet that the upkeep on a "beater" is going to be offset by paying less in insurance and licensing fees on your newer cars. I would do that math and see what you would save there, then put that money away in a repair fund and use the car payment difference to pay off your debt.

    And yeah, 30 miles on a bike isn't that bad. I do it all the time. And I live in South Dakota where the wind blows a lot, and hard, and we have neg zero windchills. I don't bike every day, but on days that I do I feel pretty smug thinking about all the money I save and all the calories I am burning. I think if you have the desire, really have the hard-core desire to get something done then you will not make excuses, but find a way to make it work.

  18. adam,
    it seems that you have drawn a line in the sand and that is fine for you. i think what you are not understanding is the depth of experience on these type blogs. we can all see that this is a time bomb waiting to go off. i have a feeling that most of us are a little older than you and have been thru financial problems in the past. at your current rate of paying off your debt of about $1500/month, it will take you 96 months of debt repayment. that is 8 years my friend!! maybe selling the cars isn’t an option, but you have to do something radical before life sneaks up on you. . .

  19. Yeah Adam, you’re right, that kind of payment debt is for losers. Fortunately other than my mortgage, it’s the only one.

  20. Yes I agree, I’m not going to sell my car either, it wouldn’t help with money, and the “cash for clunkers” doesn’t make sense either!

  21. HI! I appreciate you sharing your story. I thought I would add my car past. I am 30 and a single mom to 2 boys.
    I have never paid more than $1,000 for a car. Yes, I have driven some beaters, and some nicer cars. I even have had cars donated to me. I even have been without a car for about 6 months while I saved up for a car. I did work at home at the time and got rides to church with my cousin.

    I wholeheartedly believe that if you buy whatever car you can afford (say using the $2,000 you put down on a new car.) Then make the payments to yourself (say $300 a month.) You will always have money for repairs and you can trade up and up eventually for the car you want.
    Also, I think we all forget that the real cost of owning a car is putting money away every month for insurance, gas, repairs, and regular maintance. Every time you step on your brakes and drive on your tires you are using them up. So plan to have to replace them. And even new cars need maintance and repairs.
    I want to also remind you that God even cares about you having a car and to pray about what He would want you to do in regards to what kind of car. And also debt puts us in bondage. The more we pay on debt every month, the less we are free to advance His kingdom.
    I look forwrad to reading more about your freedom from debt.

  22. @ Everyone – I can understand how many of you can think that we are not intense about our debt. All of our “setbacks” have been a part of life. I can’t help that my brakes went out and I certainly can’t determine when my wife needs he wisdom teeth taken out. Believe me, if I could have avoided those expenses, I would have. Now, if I went on a Christmas gift binge or I bought a new flat screen TV, many of you have the right to doubt me. But please, don’t fault me for life getting in the way of our debt freedom. We are extremely passionate about getting out of debt as fast as possible.

    Now, let me talk about the cars again because my wife and I have discussed many of the options before I wrote this post. For one thing, our cars have a small amount of equity in them. Maybe about $1,000 a piece. So, let’s say that I sold both of them and bought less expensive cars. For one, where am I supposed to get the additional money to buy a car that is safe and reliable? Am I supposed to stop my debt snowball? Isn’t that just breaking even then? Or do I buy a two less expensive cars with the $2,000? I’m sorry, but that truly is going to buy us pieces of crap. I would not feel safe in a $1,000 car. I guess I would have to finance the rest then and be right back where I am now.

    Thanks for the comments.

  23. Hi Adam, although you guys have a LONG road ahead of you, I don’t think that you are out of line with your cars. The payments are minimal compared to your income. And with the distances that you both have to drive would definitely be maintenance HELL. I’m not sure what your timeframe for debt payoff is, but you are headed in the right direction.

  24. Licensing is the same cost (here $20/yr last year) whether the car is brand new or 20 years old…. so licensing is not a factor here.

    If you have a child with you, or grandchild, I don’t see you biking in 40 degree rain with a 50 mph gust going on, especially along a major highway. (That’s just suicidal!) …. it rains over 300 days/yr here. It’s not an excuse. It’s a fact.

    And Lisa – you were very fortunate to break down in the middle of a town…. out here you can be miles from nowhere, and NO cell phone reception, and you’d be hoofing it a long long ways for help! That’s a personal safety issue – to be stranded in a rural remote area with no way to call for help… AND if you have to hoof it carrying your pistol or rifle along (cuz I sure wouldn’t leave it in the rig to be stolen) it would be even harder to get a ride! ….. but yes, I DO have emergency road service on both my rigs…just in case.

    Adam – your reasons for keeping decent running cars, even with payments, are real. Personal safety and reliable transportation are at the top of your list of needs. Be frugal in other areas if need be – and definitely get them paid off asap. If they, or one of, were paid off, there wouldn’t be all this debate going on. And you’d have to have cash to buy a beater, which you don’t have either…. so just keep the debt you already have – if that’s what makes sense to you. Good luck in your journey.

  25. Hate to say it, but rationalizing that more airbags makes a car safer doesn’t make much sense… Don’t ever count on airbags to save your life. I took mine out of my ’97 Miata when I put in my five-point harness. Now THAT can save my life, and the airbag may have severely injured me. (I’m 5’4.) Or not gone off at all. Either way, a five-point harness is what makes me feel safe, plus the roll bar & numerous other mods that make my car handle amazing. (Oh, and the brakes…. My brakes are better than my tires… Again.)

    All that said, I would NEVER sell my babies. And I would never tell anyone else to sell their cars, either. My babies mean the world to me, and I will do whatever it takes to keep them around.

  26. Interesting post. I agree with you, keep the cars.

    Even if it was beneficial to sell the cars and then buy cheaper ones I don’t see how much difference it would make.

    As you well know most of your debt is student loan so removing the car debts won’t help that much especially if you get some big repair bills now and again.

    If you are living reasonably cheaply already then increasing your income is the only way to pay your debts faster.

  27. In some cities it wouldn’t work, but about 6 months ago my husband and I moved within walking distance of work and school. We don’t need to drive at all. At first we sold just one of our two cars and now we are trying to sell the 2nd. It really is freeing! We are also bicycling more. Obviously if we worked in 2 different states it wouldn’t be an option. Unless we were eccentric and writing a memoir or something.

  28. Adam/Chris,

    You need to do what you can to reduce the debt and you also need to live BUT, don’t tell us you are doing everything you can and that you are passionate about eliminating the debt. It’s a tad disingenuous. I would rather see more honest non-defensive posts about your decision not to go to the extremes.

    Now, one thing jumped out at me. You say that you have car payments but if you sold your cars right now you would end up with $2000. How the heck did that happen? Did you damage the cars or put extremely high mileage on them (a two hour commute can do some damage to your car value but not both). Really I cannot figure out how you could have reduced the cars that are less than five years old to $1000 each. WTF?

    Personally, I would keep the cars, I just find the defensive posts and the odd numbers not what I want to read and inspire me.

    Forget about the live-in-squalor tight-arses around here and tell them the truth: Some expense cuts are not worth the aggravation they cause in life. They might lead to marital problems or even unhealthy environments to raise children. We can all cut expenses in this consumption driven society but each must be measured and judged against your families needs and even wants.

    Good luck and I hope this post of mine is taken as constructive criticism.

  29. Fantastic post. I don’t own a car and never have so have found ways to live without one…. My advice to anyone is don’t get a car as they seem to be money traps but I understand that having a family or living out of town means that often you just have too…. Your reasoning for keeping the cars seems completely sound to me.

  30. Adam,

    I was wondering about your commute. You said you lived in another state to work, about two hours away. Do you need a car when you’re actually working or just to get back & forth to home at the end/beginning of the week? Is public transportation an option during where you work and feasible for the job you have? Maybe you could get rid of just one vehicle and find an alternative for your daily use while at work. Just a thought.

  31. I love driving my safe older paid for cars. I had a friend once ask if I felt guilty for driving a gas guzzling SUV. Not at all. As a parent with small kids, I would do anything to keep them safe. Sadly, all my friend could see was the carbon footprint issue with the car, and was clueless to the other things my family does to “live green”. My family can be safe, frugal, green and tackle debt at the same time with a combination of efforts. How green is this guy who leases or buys a new compact car every 2 yrs?

  32. @ Chris – You’re right. I don’t need to defend myself against other people. We are going to do what we want and that’s that. This will be my last post defending our decisions.

    In terms of selling the cars, we would end up with $2,000 after paying off the loans. In other words, we have positive equity in the cars of about $2,000. Most people don’t have any or it’s negative. We only have equity in the cars because we put some cash down on them a few years ago.

    Thanks for the comment. I needed it.

  33. Thanks Adam, for the thought-provoking post, and to others for their constructive feedback. I intentionally avoided weighing in until now, because I didn’t want to be a discussion “thread killer.”

    I think what Adam expresses in this post is something I’ve alluded to here in the past. We all have a different level of extreme sacrifice we are willing to go to in order to become debt free. I’ve known people who have sold homes and lived in upstairs garage apartments for two years with their in-laws to get out of debt.

    I know others who’ve changed nothing about their lifestyle and slowly whittled away a few thousand dollars in a decade, with more decades of being in debt ahead of them. There is a balance somewhere in between these extremes for all of us, and finding it is the hard part.

  34. Ramsey’s deal with cars is the one point where I depart from his advice. I grew up with parents who always drove a beater. I can remember praying just to make it home some times, and plenty of times when those prayers weren’t answered. Having my wife and daughter safe in a reasonably priced new car is worth every penny. I’m not talking BMW here, but a high safety rated Mazda 3.

    Life has to be about finding your own balance, and bickering because some formula works for you without taking into account the life experience someone else may have is pointless.

  35. I could get rid of my cars and save lots of money by walking to the stores and using a bike or scooter. But I have the cars paid off and do the maintenance myself. I am retired and do not need to drive to get to work. But I really like driving with my lab hanging his head out the window and being able to go somewhere faster than on foot. It is all about what one values. OTOH I am frugal in other ways to offset my car expenses.

  36. I agree with Mike at 11’s post. I also posted in your defense during your pile of debt article.

    However, I want to hear more what you ARE doing to reduce your debt, not what you aren’t doing.

    IMHO, posting an article justifying your $16K in car loans doesn’t inspire the readers of this blog.

  37. Gosh people. Some of you are frugal to the extreme and a tad self righteous.

    They are driving modest cars that they feel safe in. It’s already a sunk cost at this point. At least with these cars, they know they are not lemons. Why get rid of them at this point? What they need to do is pay the cars off fast (I’m assuming the cars have higher interest rate than their student loans).

    This is actually a good example of why you should watch your student loan amounts. Don’t accept student loans like it’s free $$. At the end there is always a price to pay.

  38. When you do decide to get rid of your beater, please consider donating it to charity. You can select from hundreds of respected charities to donate your car to at Cars4Charities and the car donation process is easy and free. You’ll get a tax deduction of at least $500 when you donate a car to charity.

  39. Hey Adam

    Gosh it’s hard putting your story out there and then seeing all the critics come out of the woodwork.

    Each of us make our own decisions in life and this is one of them. Personally I drive a beater (I actually refer to it as my clunker) and it’s not a problem for me. I can’t imagine I will ever go back to buying new cars (been there, done that). My car stalls when it’s cold and will probably not last much longer (it’s 20 years old). But, for me, if it breaks down it’s not that big a deal – I don’t need to use it much anyway and can borrow a car if I am stuck. I have good public transport available to me. But you obviously have a need to be driving longer distances regularly – if I was in that position I would change my stance too.

    I would say, stick with what you’re doing and re-evaluate from time to time to see if changes need to be made.

  40. I am not sure if anyone is still reading comments but if you are, especially Adam WOW ! certain subjects seem to really touch off a firestorm and this was one.Actually you were RIGHT on the money with the statement of before people can make blanket statements/recommendations they would need to know all the information.Even then we all will prioritize and tackle it differently.In my opinion our strength is in sharing knowledge and experince to help each other.Being right or righteous is of no use if we sacrifice being a good human being.I’m just saying…..

  41. Just want to say that I really enjoy your posts. They’re thought-provoking. It’s fun to read the ensuing and varied comments, too. 🙂

    I tend to agree with you re: the cars. I wouldn’t sell them, either, as it would be at a significant loss.

    Living in another state during the week sounds expensive. Maybe that’s the best place to start in terms of cutting costs?

  42. @ Susanne – Thanks for the comment! I appreciate your thoughts on the subject.

    I actually received news today that I have an interview for the same position I currently have now but closer to home. It pays about 10% more AND I will no longer have to pay rent. It would almost double our debt snowball each month.

  43. Adam,

    I’m happy you took my comments as constructive criticism.

    Good luck with the interview. Onward and upward!