Can I Ditch the Car Payment When Living in an Apartment to Save Money?

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Can I Ditch the Car Payment When Living in an Apartment to Save Money?

Posted By Charle Davis     May 25    

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If you are dealing with debt and living in an apartment, then you need to work hard to make sure that you can cut down on some of the expenses and get ahead. The more that you can take off your monthly bills, the easier it is to pay down some of those debts and get ahead as well. And once those debts are gone, you will be able to put more money aside and get ahead in life faster than ever before. One way that you can easily cut down on some of the expenses, especially if you are living in an apartment, is to ditch your car payment.

 

One look at the average car payment a month, and you can see why this is a big problem for a lot of people. The average that people are paying for a car payment right now is $738. This is a lot. Think of how far you can get with some of your debts if you were able to put that amount towards them, rather than towards a car. You could be done in no time, which may be a far-fetched dream for a lot of people at the moment.

 

There are some other options that you can take if you need transportation. First, do not purchase a brand new car. They may seem impressive and nice, but they are not going to provide you with anything that is better than an older car, at least right now when you are trying to pay down debt. You can go with an older model that is in good shape and have no car payment, or at least a much smaller one, and free up that money, plus the money you were paying on insurance, for other things. You can also choose to use public transportation to get around and not have a car at all, saving money on the payment, the insurance, and any maintenance that you need to do.

 

Finding an affordable and comfortable apartment will do wonders for helping you get ahead and ensuring that you will be able to pay down those debts while still having a home that you love. That is why we encourage you to come check out our 1 bedroom apartments in Antioch to see if they are the right choice for you. We are proud to offer a wide range of floor plans and amazing amenities to make you feel right at home. Contact us today to learn more and to take a tour of some of our units.

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