3 Benefits of Going Car-less

going car-less

For a long time, having a car has been seen as a symbol of financial well-being. It is sometimes seen as a marker of adulthood. However, more and more people are finding that they could be better off without one. Here are 3 ways you can benefit from going without a car:

  • No More Auto Insurance
  • Not Paying for Gas and Repairs
  • Health Benefits

No More Auto Insurance

Auto insurance is a huge bill that many of us would love to get rid of. The average cost of auto insurance is $125 a month. That adds up to $1,500 a year just to own your car (assuming it’s already paid off). In most cities, you can get a bus pass for $60-80 a month that would cover your travel needs, or buy a bicycle and loose the bill all-together. That’s a lot of money that could be working for you in other ways.

Not Paying for Gas and Repairs

The average American household spends $250 on gas every month. That’s double the average insurance cost! That’s an extra $3,000 a year that you’re pouring into your gas tank. Never mind the environmental concerns, this should be an economic concern. There’s also the fact that cars eventually need maintenance, and these types of bills can be financially crippling. Stop burning money and unplug yourself from auto dependency.

Health Benefits

You will also get health benefits from forgoing car ownership. If you’re bicycling everywhere, that’s some exercise built into your day. Even riding the bus would be good for your health since you’d need to walk to and from the bus stops every day. You could almost look at this as saving on a gym membership, too. On a more broad scale, it is also healthier for the planet if you give up a car. The less pollution and emissions, the better for everyone.

With the ability to save up to $4,500 a year and the added health benefits, going without a car can be a great option. Of course, if you live in a remote area or somewhere without transit this may not be an option, but for city-dwellers, this is a great way to relieve some financial burdens.

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