So here's the run down on my finances. We are a family of 4 making about $30,000 a year. One SUV paid off that's worth ~$6500. One expendable motorcycle worth ~2000. My daughter starts school next fall and I'll be taking her to and from. Right now my husband carpools to work with a friend, but that situation may be changing soon. Our current vehicle is TERRIBLE on gas, and I think we should have 2 vehicles since the times don't match up, etc. We don't do a TON of traveling, so I don't know that gas mileage is TOO big of an issue right now. We fill up maybe twice a month at about $60. I don't really want to take out a loan. We are on our way to getting debt-free, and we have only student loans and mortgage to go. I'm considering my options. I'm thinking- try to sell the SUV and buy a car of equal value outright? Then sell the motorcycle and buy a car of equal value outright? Sit tight with the SUV, sell the motorcycle for a beater and just save up money for a better vehicle down the road? My husband, who knows more about cars than I do, would like to find a honda or toyota. I have some time to mull this over, and some time to save some $. I don't know how much I'll be able to save though, because the house needs some work that I have to prioritize. I don't have any $ saved that I can use for this. wwyd? thoughts?
|Frugality , Finances|