Comments on: Remember When Filling the Gasoline Tank Was a Budget Buster? One couple's story of escaping 9 to 5 until 65 Wed, 20 Jul 2016 17:22:09 +0000 hourly 1 By: Bryan Thu, 07 Apr 2016 17:26:48 +0000 Josh,

Thanks for stopping by and commenting. I really appreciate that! 🙂

I too was spoiled with a company car and paid for rental cars when I traveled heavily. I never worried about the price of gasoline during those times since it did not affect our budget. However when I no longer had a company car and gas went to $5 a gallon in my area of California, that really did cost to fill the tank up. We were in the $50 range when our tank was almost empty.

It is nice when you can live close to work (or work from home) and have many of the frequent locations you travel to close by. The two biggest expenses in most people’s budgets are housing and transportation. Living close to where you shop and travel goes a long way to reduce the second most expensive cost.

Take care,

By: Josh Thu, 07 Apr 2016 00:44:13 +0000 The price of gas is important to me. I was spoiled the last four years & had a company car. I filled up maybe once a month in my personal car. We’ve moved & changed employment, so I fill up twice a month now. One of the reasons we chose our new location is because it is in a central location for employment. I’m 15 to 45 minutes drive to most locations I need to work.

I thought the stats were real interesting. I have always wondered what the buying power of the dollar several decades ago was compared to the present.

By: Bryan Mon, 04 Apr 2016 19:36:52 +0000 Frank,

Thanks for finding us and leaving a comment. Welcome! 🙂

I too am wondering if from a CPI perspective if cars are actually cheaper today then they were 30 years ago. I know from a MPG, safety, and technology perspective, today’s cars blow away what we had in the 60’s and 70’s. My rough back of the napkin calculations was comparing only my personal situation with one particular model of car.

The latest news is that minimum wages for many parts of the country will be moving up to $15 per hour. That will certainly skew my numbers towards the notion that car prices are staying relative to what they were in the past, when adjusted for inflation.

Take care!

By: Frank Facts Sun, 03 Apr 2016 20:02:13 +0000 The relative to minimum wage numbers were interesting! Obviously that’s not a constant measure since minimum wage doesn’t change at a consistent rate, and is subject to policy interventions. But still a good measure! I imagine that in real CPI-inflation adjusted terms, cars may have gotten cheaper over time?

By: Bryan Wed, 30 Mar 2016 22:28:14 +0000 It is amazing that with a few adjustments and planning in our lifestyles, it is possible to live vehicle free. Living in dense populated area with excellent mass transit systems doesn’t hurt! 🙂

We put so much energy into owning cars that really take you from point A to point B. Somehow through marketing and peer pressure, the car has become a status symbol and too many a reflection of your worth.

I believe we will be back to one car by this time next year in our rural and remotely located town.

By: Bryan Tue, 29 Mar 2016 23:35:33 +0000 Don’t get old Dag nab it ARB! 🙂

I did go down that memory lane a bit in this article. The idea just hit me when I was driving my relatively poor gas mileage truck to get my Monday morning Starbucks. I can still remember when gasoline was a large expense for me and I thought – OK here is a topic to discuss.

The bigger picture is the overall cost of transportation. You are right, if you can go without a car at all you will save an average of $8,000 a year in cost. We had one care in the household for years in the SF Bay area using the bus system and Bart when we needed. I also either walked or took my bike for shorter trips. I couldn’t quite convince my wife to go to zero vehicles.

Take care ARB!

By: Stockbeard Tue, 29 Mar 2016 22:37:51 +0000 I’m with ARB here. Haven’t owned a car in more than a decade and all these considerations and problems are things I never have to care about. I don’t know how much time of the day people think about their car, insurance, or gasoline prices, but that’s a series of worries I do not have.

I recommend it, if that’s not obvious. Not owning a car, I mean..

By: ARB Tue, 29 Mar 2016 15:03:59 +0000 I’ve never owned a car and hopefully never will. I HATE driving (the driving conditions in my city are terrible) and the public transportation here is top notch. It’s also too expensive; I read and have shared on my site a 2011 report that stated that Americans spend on average $8,000 on their cars annually. Imagine that $8,000 instead routed towards dividend growth stocks and think about how much money that actually ends up being on an annual basis. Your opportunity cost is FAR more than $8,000/year.

But it’s amazing what collapsing oil prices have done to gas prices. Where I am, gas used to be in the high $3 range. At its peak, gas was in the mid-$4 range. Now I hear people complaining because they are above $2/gallon.

I hope you enjoyed your trip down memory lane, Bryan.

ARB–Angry Retail Banker