|My New Ride!|
Last May I wrote an article titled "My New Ride" and it was a proclamation to the world about my intentions and the amount of effort I was willing to put into my journey toward financial independence. It basically highlighted my decision to sell my car and rely solely on a bicycle and local bus system for my transportation needs. I gave it a fair shot. I've spent the last seven months using the bus and doing my fair share of walking. This taught me a lot about perseverance and independence, and it shows me just how much spirit an individual can have when one wants to express it.
However, the local bus system leaves a lot to be desired. While cheap and relatively clean, the reliability and timeliness of said bus system is sorely lacking and, unfortunately, is no longer a realistic transportation option. I've been late to work one too many times and have been forced to seek an alternative.
Recently, when highlighting my 2012 goals, I let everyone in on a secret: I was either going to purchase a car as my primary chariot or I was going to purchase a small scooter as a back-up for the days when the bus was late. I decided that a scooter, while cheap, was simply too dangerous and risky. I try to limit risk in all facets of my life.
So...this leads me to now. Yesterday, I purchased a 1999 Chrysler Sebring Lxi. It has 135,000 miles and it's in pretty decent shape. Working in the automotive industry gives me an advantage of cheap repairs and readily accessible parts. I had it inspected and it does need minor repairs, but nothing that can't be cheaply taken care of. I paid all of $1,900 for the vehicle. While not a small sum of money, there are few options in the sub-$2,000 crowd.
I'm sure I've let a few readers down, and I'm sorry about that. There are few people in this world that are more hungry or more motivated to reach financial independence. But, earning an income is a necessity and I won't be earning an income much longer if I continue to show up to work late due to broken down bus issues. The vehicle purchase will certainly put a damper in my goal to save 65% of my net income this year, but I'm determined to still make a go of it. It'll be fun!
In the end, I purchased what I thought was the cheapest vehicle available while still providing a high amount of value. I've had it inspected, changed the oil and performed a minor repair to the coolant system. It looks to be fairly reliable and will not only get me to work and back, but also provide me a little more flexibility in my lifestyle. The bus is great, walking is wonderful and a bicycle is a great method of transportation. But, in a town as spread out as the one I live in, it's nice to have a car to go to the beach or get across town in a hurry if necessary.
I hope everyone realizes that this was a decision that was forced upon me and I'd still be riding the bus if my schedule was a bit more flexible. Unfortunately, my schedule is extremely rigid and lacks any type of flexibility at all. I'll continue my frugal ways and look to maximize income while simultaneously minimizing expenses to make a solid attempt to save 65% or more of my net income this year. Please join me on the journey!
How about you? Have your transportation needs changed since adopting a frugal lifestyle?
Thanks for reading.