heard an interview of dan ariely author of predictably irrational. he brought up a good point on people trading in their cars (generally high gas mpg vehicles) and getting low value for them, even taking a hit on their loan. all because of gas prices going up. he was saying that gas prices have only gone up a dollar in the last year which can equate to $1000 more over the year, but to take on new payments or pay interest to eclipse that raise doesn’t make sense financially. you loose more money now with that reaction. so what is someone to do? hmm…
I’m not exactly buying that math. Gas has gone up a dollar a gallon. That’s about ten dollars for every tank of gas. I refill my tank a little less than once a week. Even being generous, that’s an increase of four to five thousand dollars a year. I’m not saying we should panic and overreact, but the increase is significant, especially for families less fortunate than mine where maybe only one adult is working and there are more mouths to feed. With groceries that are more expensive because they had to pay more to ship them cross country. And they were purchased at the store ten miles away, burning yet another three quarters of a gallon of gas just to get there and back.
I’m not exactly buying that math. Gas has gone up a dollar a gallon. That’s about ten dollars for every tank of gas. I refill my tank a little less than once a week. Even being generous, that’s an increase of four to five thousand dollars a year. I’m not saying we should panic and overreact, but the increase is significant, especially for families less fortunate than mine where maybe only one adult is working and there are more mouths to feed. With groceries that are more expensive because they had to pay more to ship them cross country. And they were purchased at the store ten miles away, burning yet another three quarters of a gallon of gas just to get there and back.
Point taken Becca, but your math is incorrect.
Fifty two weeks x ten dollars per week = $520.00, not five thousand dollars.
I think if it was just the gas prices increasing most families would be able to cope – but the problem is the rising gas prices has caused everything else to go up in price too, which can be hard to manage.
Point taken Becca, but your math is incorrect.
Fifty two weeks x ten dollars per week = $520.00, not five thousand dollars.
I think if it was just the gas prices increasing most families would be able to cope – but the problem is the rising gas prices has caused everything else to go up in price too, which can be hard to manage.