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> I have to pay $1-2000 per month in payments for, a few hundred in insurance, a few hundred in parking and a few hundred in maintenance, a few hundred in gas -
by sokoloff 3y ago
> I have to pay $1-2000 per month in payments for, a few hundred in insurance, a few hundred in parking and a few hundred in maintenance, a few hundred in gas - plus tickets and tolls. I need all that just to get around the city I live in.
We have a family of four, two adult drivers and two cars. I haven't had a car payment in years, but let's allocate $250/mo towards replacing cars every 10-12 years or so with another used car. We pay $102/mo in insurance, about $80/mo in gas and $20/mo in electricity, about $60/mo in registration and taxes, and if I budget $200/mo in repairs (one Honda, one EV), I'll have money left over.
One of us needs all of $2-3k/mo for one and the other needs ~$750/mo for two. There's a wide range of what one can spend on motoring versus what one must.
- arcticbull 3y ago> One of us needs all of $2-3k/mo for one and the other needs ~$750/mo for two. There's a wide range of what one can spend on motoring versus what one must. I spend $70 per month to go everywhere, whenever I want, with zero tail risk. Forcing this huge cost on everyone is a regressive burden on the poor. $750/month for a family's lifetime is easily $450,000. Wouldn't you prefer to retire early, or have an extra half million dollars to leave your kids?
- sokoloff 3y agoI misunderstood what you meant when you said "I need all that just to get around the city I live in" then.