Cee Mo Money » 76 http://www.ceemomoney.com It's all about Money Saving and Money Making, ya dig? Wed, 17 Mar 2010 14:46:34 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 I’m Not Laughing Anymore… http://www.ceemomoney.com/2008/06/im-not-laughing-anymore/ http://www.ceemomoney.com/2008/06/im-not-laughing-anymore/#comments Thu, 12 Jun 2008 14:59:44 +0000 cee.mo http://www.ceemomoney.com/?p=4 Gas prices are no joke and it’s burning a bigger hole in my wallet. I filled up today at the 76 Gas Station near Tully Rd. in San Jose, CA and I paid nearly $58 for gas today at $4.83/gallon. FYI, this is for premium gas. The price for regular gas was $4.67.

I own a 2005 Mitsubishi Lancer Evolution VIII. It is not an economy car by any means; I can get an average of 20-22MPG with a light foot. I have debated many times with myself on if I should keep the car or not. The car is very expensive to upkeep! I’ve asked myself many times if I should trade it in and get a hybrid, get a beater, or get a motorcycle. There are lots of ways to approach this.

I could trade the car in and take an extension of paying car payments for another 5 years, but that defeats the purpose of trying to get out of debt. I have about 2 years left until the car is paid off. I could buy a beater for under $3000-$4000, then again the vehicle could become a money pit. Or I could get a motorcycle which certainly would be most ideal but puts my life at more risk.

What would you do?

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