Comments on: Master the BIG Stuff – Transportation

By: Farming and F.I.R.E. - The Farming Frontiers

Farming and F.I.R.E. - The Farming Frontiers — Sat, 16 Jan 2021 14:54:48 +0000

[…] Master the BIG Stuff – Transportation – Modern FImily – This blog post is all about cars and it’s from a great Canadian blog. A must-read to follow-up with my example above. […]

By: A Look Into Our Monthly Expenses | Modern FImily

A Look Into Our Monthly Expenses | Modern FImily — Thu, 10 Dec 2020 07:18:06 +0000

[…] By having two older, low-mileage, reliable cars we are able to keep our car insurance low (~$67/month/vehicle). Being females also helps, I think this is one of the few areas where it’s actually a blue tax instead of a pink tax! These cars were also paid in cash upfront so there are no monthly car payments. We used a broker (Surex Direct) to identify the best/cheapest rates for both our home insurance and car insurance that we have bundled. We contact him each year to look for the best rates and have no issues switching if another provider has a better rate for the same coverage. […]

By: Cassandre

Cassandre — Fri, 13 Nov 2020 12:38:17 +0000

Thank you so much for sharing. I have a list of cars that I would dreaming of owning: Bentley, Mercedes Benz convertible, Jeep Wrangler. But unless I win those cars in a raffle, I don’t see how I can muster the strength to pay for them. I’ve never had a car payment.

My first car was a Honda Civic hatchback that I borrowed from my sister while she was out the country.

My second car was a 1999 Toyota RAV4 that my mom bought new and I started to drive around 2003-2004. That car died in an accident in 2015 at 272K miles. It lived for 14 years!!!

I bought my first car cash in 2015. It’s a 2012 Toyota RAV4. It had about 20-30K miles. $17,500. I put in some of my money, for Christmas I asked everyone to donate to my car fund, and I asked my parents to give me the money they would have gifted me for my wedding and used toward the car.
NO CAR PAYMENT!!

By: Travel Hacking 101: What Is Travel Hacking? | Modern FImily

Travel Hacking 101: What Is Travel Hacking? | Modern FImily — Thu, 12 Nov 2020 07:03:10 +0000

[…] your three largest annual expenses are in the housing, transportation, and food categories which is what made up our Master The BIG Stuff Series. We’d like to […]

By: Master the BIG Stuff - Food - Modern FImily

Master the BIG Stuff - Food - Modern FImily — Thu, 15 Aug 2019 19:01:21 +0000

[…] This is the last post on the Master The Big Stuff Series. Typically, the final monthly expense that tends to round out the top three is food. If you missed our earlier posts from this series, check out Master the Big Stuff – Housing as well as Master the Big Stuff – Transportation. […]

By: Court and Nic

Court and Nic — Thu, 08 Aug 2019 18:16:17 +0000

In reply to Carmen. Of course, and thank you Carmen for sharing your experience too! Hindsight is 20/20 but sounds like you guys have figured out a way to car hack as well! Well done :)

By: Court and Nic

Court and Nic — Thu, 08 Aug 2019 18:14:48 +0000

In reply to John @ How To FIRE. Thank you John! Yes we both definitely have different childhood upbringings yet we both think very similarly when it comes to personal finances which is very nice :) You too have very generous parents, send them a little silent thank you each time you’re able to invest instead of having to pay a car payment! Thanks for the comment.

By: Carmen

Carmen — Tue, 06 Aug 2019 01:31:59 +0000

Such a great post, and your real-life examples are so helpful. My hubby bought a new car in 2011 as his first car which we still have (hindsight is 20/20… would have done things differently if we knew more back then!) and I’ve never owned a car. I was lucky enough to be in a good city for university for public transit, and now live in a pretty walkable spot. We share the car and walk to work as much as we can. Over the past 5 years or so I can count on one hand where we’ve had to get a car-to-go to have 2 cars on the road. In the ideal world we would have gone for a used option right away, but you live and you learn! Thanks for sharing your own experiences!

By: John @ How To FIRE

John @ How To FIRE — Sun, 04 Aug 2019 18:27:31 +0000

Loved the Sally & Sammy comparison with real world math examples! Interesting to read how both of you have varying experiences but now are on the same page. My parents purchased a brand new car for me after my HS graduation and now 7 years later it’s just crossed the 105k mile mark. I plan to drive it til the wheels fall off! Not having a car payment has been amazing, and much can be attributed to us being able to invest a lot right out of college.

By: Court and Nic

Court and Nic — Fri, 02 Aug 2019 16:15:35 +0000

In reply to Sarah & Laura. Wow look at you guys go, love it! Subaru’s are definitely durable cars! That’s pretty crazy how the public transit pass would be more than your current car costs. I bet we’d be in a similar boat here. I think a monthly pass for the train is $100/month in the city but the closest train stop is a 20 minute drive from our house in the neighbouring town so that is t really practical!