Selling an old car to save $$$

Photo by Skitterphoto from Pexels

I will save $790 a year by selling an old car:

• $390 - Lower insurance costs
• $400 - Depreciation
• $few bucks on maintenance

What was the challenge?
The wife. We originally had 2 cars. Then kids happened and we bought a bigger 3rd car. My wife did not want to sell her car even though she was not using it. It would just sit there on the road, everyday, staring at me as I walked past it. I knew we were wasting money on insurance. I also knew that cars lose their value over time, something called depreciation. According to https://www.daveramsey.com/blog/car-depreciation, a car loses $3,000 in value the moment you buy a new car and drive it away.

I could not convince her and I did not want to push her anymore. Her happiness is important to me. Eventually, a year later, I had an epiphany. I could sell my car. So now I drive her old car and we both are happy.

Let me know in the comments how you are planning to save money. Feel free to check out https://invitation.codes/@j_wowza for some referrals. I will try to get rid of stuff that sucks.