This is what I want to do soon. I'm currently unemployed and I'm planning to relocate from Phoenix, AZ to Houston, TX to intern at a school there. It's a huge step for me, because I have no family in TX.
The cost of having a car is taking its toll on me, not to mention the economy. The car is paid for, so I just pay insurance, gas and maintenance. But even paying that is taking more money out of my savings. I only have about $3000 left in savings (and I'm single, so no boyfriend/husband to help out). If I sell the car, that will give me a tremendous windfall. BUT...
What if I need the car for emergencies? Or for something else I haven't considered yet?
Then there are others who say: "But you're a single young lady!" (I'm 26) "What if you need your car to escape imminent danger??"
Plus, my brother gave the car to me as a gift two and a half years ago. He'd be devastated to know I'm selling it, but the economy is bad.
Honestly, I'd rather not have a car at all. But many people keep telling me that I NEED it. gah...
I'm going to buy a bicycle soon (with necessary accessories), which will take more out of my savings, but with good reason. Then after that, I'll have to sell my car to keep from going broke. I won't be making much money interning at the school, but I will be following my passion!
I'd appreciate your input.