“How close is this house to the bus stop?” I asked the realtor as we looked for our house. While that’s not a typical question, it was essential for us. That’s because we only have one car.
People claimed that we’d have to buy a second car once we had kids – especially living in the suburbs. But even after having a second kid, we’ve managed to get by quite happily as a one-car family. It’s even possible to be a zero-car family – one of my friends has four kids and doesn’t own a car! Even if you own a second car now, you may want to consider not buying another one when you retire it. According to AAA, the average family spends $8,500 per car each year on payments, insurance, and gas.
If you’re going to make the leap – or just use the second car less – here’s what to consider: