C2

My son is 16. He has his learner's permit and is taking driver's ed right now. As you can imagine, he is ulta-eager to get his license. I suppose this is a good thing. He doesn't say much, but I would imagine that having his driver's license will give him a feeling of independence. For his dad, his sister, and me it will mean less chauffeuring.

Before I made the commitment to move beyond the shackles of debt, I planned to take out a car loan and buy myself a car. Then I was going to give him my car to drive. But now that I am an avid blog enthusiast and someone who is committed to paying cash for purchases, I've had a change of heart. I recently told C2 that if he would save $1,000 by his birthday, which is at the end of June, that he could purchase my car for the $1,000. He has a job and by my calculation, this is doable for him.

I have also decided two things when it comes to transportation for myself. First, this coming week I'm going to research using a van pool for transportation to work. I know there is a fee, but I'm hoping that it will be less than the $90 a month it costs to park in the city. I will also save on gas by using a van pool. Second, the $250 that I was paying to my credit card that I just paid off is now going to a car fund. I've also added $50 to that, making the total to my car fund $300 per month. If all goes as planned, by the end of June I should have $3,100 towards the purchase of a vehicle for myself. And as you all know, I will be buying used.