My wife and I made a choice to eliminate debt a few years ago. We survived with 1 car, saw relatives for vacations and the kids had to wear clothes until something was really worn. It was very good for us. We have two cars again, but the newest is a 2006. We saw what was possible if we really tried. We love the Eagles and wanted to go to their concert this year. But tickets start at $200-CHEAP SEATS! Perhaps int he past we would have justified the experience and expense, not now. We don't get a drink or wine with dinner, just frivolous. We have fun with coupon books and building up points on the AMEX and Discover Card. Half of our Christmas shopping was using points from those two cards. And the kids love to shop for their own stuff. Its an adventure, but if you do this as a team you can have fun with it. I also do all banking, small errands, church and a few other things from a bike.