We bought a 2010 Prius this week.
My husbands gas bill from driving over an hour one way to work each day was killing us.
We are now in debt, owing on a car again. $16,000 in debt. I find it depressing :(
Our goal is now to pay off the car loan as fast as we possibly can. We were originally hoping to be able to pay for most of a different car with my husbands side job of doing taxes. That isn't working out as well as it did last year.
We would like to pay it off in 16 months. I am not sure that is realistic but we will see. At least it is a goal to work towards.
In order to do that we will have to come up with $700 extra each month to pay on the car loan. There are a few ways we plan to do this which I will write about in another post.
So here we go again.........