If you woke up tomorrow and gas prices had jumped to $5.00 per gallon, what would you think? Would you begin looking for someone to carpool to work with? Would you consider getting a smaller car? Would you find a job closer to your house? Would you buy a bike?
As gas prices edge ever upwards, I think we all need to start thinking about the inevitable…gas prices are only going higher. Sure, it will probably be a slow climb, but eventually we will be paying upwards of $5.00 per gallon. At that price, for my wife to fill up our Mini, it would cost about $60 per week or $240 per month…and that’s with us only owning one car. Can your family afford a $500 a month gasoline bill for 2 cars? I know ours couldn’t if it came down to that. So before gas prices get that high, take a second to think about what you might do if it did happen…and then move to put some of those changes in place. Not only will it save you some money, but it will also prepare you for the future.
I just realized that we did not touch our car at all this weekend; we walked and/or took the bus everywhere we needed to go, saving money, wear and tear on the car, and gasoline consumption. Since it will only get worse, I figure preparing for it now will pay off later. Will you be ready for high gas prices?
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