Having a Second Car

Most super savers will tell you that getting rid of their second car was one of the first big decisions they made. It’s no wonder, especially since costs could add up between insurance, maintenance, taxes and fuel. Cutting all of that in half boosted their nest egg considerably.

Plus, you likely won’t need two cars during retirement as you’ll no longer travel to separate locations for work. If anything, it could vastly improve your lifestyle if you spend more time together by driving together.

You have to approach this with your partner and figure out who needs to give up their vehicle. Can you rely on one another for rides? Can either of you start using public transport? What about carpooling options. Once you’re done planning, sell one of your cars and watch your retirement savings skyrocket.