Wrench Nation - Car Talk Radio Show

$147,000 dollars That’s how much money our guest this week, Chris Balish, saved by making one really smart financial decision. His wife Jennifer, has saved more than $54,000 by making the same decision, thus together they’ve saved $200,000. They are completely debt-free, and within another year or two, they're going to pay cash for a house. How did they do it? By going car free. They occasionally rent cars and frequently ride in cars, they just don't own one -- the fixed costs are too high. There are many benefits to living car free, and the financial windfall is at the top of the list. According to the American Automobile Association, the average cost of car ownership is $8,400 a year -- over $700 per month. Keep in mind that you pay for your car in after-tax dollars. So a $700 monthly car cost eats up approximately $1,000 in salary. Every month. How would you like to boost your income by one thousand dollars a month without a side hustle and without having to beg your boss for a raise? What could you do