{"id":126644051,"date":"2009-01-05T18:54:11","date_gmt":"2009-01-05T18:54:11","guid":{"rendered":"https:\/\/wp.baltimorespokes.org\/?p=126644051"},"modified":"2009-01-05T18:54:11","modified_gmt":"2009-01-05T18:54:11","slug":"wall-street-journal-suggests-going-carfree-to-save-money","status":"publish","type":"post","link":"https:\/\/wp.baltimorespokes.org\/?p=126644051","title":{"rendered":"Wall Street Journal suggests going carfree to save money"},"content":{"rendered":"

Posted by Elly Blue of Bike Portland on January 5th, 2009 at 10:20 am
\n\u201cWhether you drive a hybrid or an SUV, your car is a cash-guzzler. Families trying to save real money should consider going without.\u201d
\nIt may be a true sign of change when the Wall Street Journal suggests that giving up your car could be good for your personal finances and the economy as a whole.
\nIn his December 22 column, A real auto bailout: Escape your car, WSJ staff columnist Brett Arends wrote:
\n Last week, the auto industry finally got its bailout.
\n But is it time for Americans to rescue their own finances from their cars?
\n \u2026Forget lattes and store-brand cereal. If you really want to see where your money is going, take a closer look at your car. Foreign or domestic, it doesn\u2019t matter. It\u2019s a cash guzzler, and it is probably costing you more than anything else except your home.
\n
\nThe column goes on to cite the cost of car ownership (per the AAA): $7800 per car per year on average. That figure is from 2007, before gas prices surged and then dropped again; Arends estimates that amount would drop $400 with current low gas prices.
\nIs it time for Americans to rescue their own finances from their cars?
\nIt\u2019s surprising to see this perspective represented in the conservative Wall Street Journal, but even more surprising is what Arends suggests next (emphasis mine):
\n Residents of inner-ring and upscale suburbs, as well as everyone in car-dependent cities like Dallas and Atlanta, are in the worst of all possible worlds on this. They\u2019re paying plenty for real estate \u2013 and then paying even more on top of that to run a car for each adult in the home.
\n Surely they\u2019d be better off moving out to the country, where they would still need their cars but at least real estate is cheap, or into a downtown where they could lose the cars.
\nThe Wall Street Journal has a notoriously conservative editorial board, but its non-news sections, in which this column appears, have been far more in line with the times, promoting the environmentally friendly products and choices which are increasingly driving (and being driven by) the market and government policies.
\n\u201cLife without a car may seem inconceivable,\u201d Arends writes. But his tough love advice is to start imagining it, for the sake of your bank account.
\nIt\u2019s good to see the mainstream press start to question the absolute necessity of car ownership. I hope we\u2019ll soon see a more widespread acknowledgment in this quarter of the effects of cars on more than just personal finances, and deeper exploration of how we can make that choice a more realistic one for the millions of Americans who may not be free to either give up their car or move away from car dependent areas.
\nhttps:\/\/bikeportland.org\/2009\/01\/05\/wall-street-journal-suggests-leaving-the-suburbs-and-ditching-the-car\/#more-12660<\/a>oldId.20090105185411431<\/p>\n","protected":false},"excerpt":{"rendered":"

Posted by Elly Blue of Bike Portland on January 5th, 2009 at 10:20 am \u201cWhether you drive a hybrid or an SUV, your car is a cash-guzzler. Families trying to save real money should consider going without.\u201d It may be a true sign of change when the Wall Street Journal suggests that giving up your … <\/p>\n

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