Many Americans spend too much of their income on cars. I saw a lot of that from my neighbors living in California for 20 years. We always had the least expensive cars in our neighborhood until we paid off our house at age 47.
Inflation is a huge problem and fuel expenses are a big part of the inflation story. Our Bronco is costing $27 in fuel for every 100 miles we drive it which has added up to $500 per month the last 3 months. This weekend we didnāt take it to our cabin as it costs $81 to make the trip compared to our 2015 Tesla that needs only $8 worth of electricity to cover the same 300 miles.
Inflation is a huge problem and fuel expenses are a big part of the inflation story. Our Bronco is costing $27 in fuel for every 100 miles we drive it which has added up to $500 per month the last 3 months. This weekend we didnāt take it to our cabin as it costs $81 to make the trip compared to our 2015 Tesla that needs only $8 worth of electricity to cover the same 300 miles.
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