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Via Chris Pummer of MarketWatch:

…When gas hits $8 per gallon, we should celebrate instead and gave us 8 reasons why. For example:

7. Restoration of financial discipline Far too many Americans live beyond their means and nowhere is that more apparent than with our car payments. Enabled by eager lenders, many middle-income families carry two monthly payments of $400 or more on $20,000-plus vehicles that consume upwards of $15,000 of their annual take-home pay factoring in insurance, maintenance and gas.

The sting of forking over $100 per fill-up would force all of us to look hard at how much of our precious income we blow on a transport vehicle that sits idle most of the time, and spur demand for the less-costly and more fuel-efficient small sedans and hatchbacks that Europeans have been driving for decades.

Word. Exactly how I feel.

via | Neatorama

POSTED Jun 02 2008 @ 11:00
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