Ditch Your Car, Save a Fortune

I've saved about $3,000 a year by going carless. Here's how you can do it, too.

In 2011, I parted ways with my car, a 2003 Kia Spectra that my grandparents had given me as a college graduation gift. After eight years of hassle- and payment-free driving, the car wouldn't start one morning before work. The mechanic's diagnosis: A small hole in the transmission had been causing fluid to slowly leak. The financial damage: It would have cost between $4,000 and $5,000 to repair. Cha-ching!

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Andrea Browne Taylor
Contributing Editor

Browne Taylor joined Kiplinger in 2011 and was a channel editor for Kiplinger.com covering living and family finance topics. She previously worked at the Washington Post as a Web producer in the Style section and prior to that covered the Jobs, Cars and Real Estate sections. She earned a BA in journalism from Howard University in Washington, D.C. She is Director of Member Services, at the National Association of Home Builders.