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Have you ever felt like you have nowhere else to turn but debt? This may sound a bit strange, but let me tell you a story….
Baby RB40 was born in October, to our house with 2 small cars as our vehicles. Initially, the thought was that her car seat would fit in the larger of the two cars along with both of us, but boy, were we wrong!
Seeing as The Big Guy is 6′ 5″ and 250 pounds, even the larger of our cars – a 2013 Chevy Cruze was a tight fit. For two weeks we tried to tough it out, tried every possible combination of carseat and people, but we just. didn’t. fit.
So, two weeks after Baby RB40 was born we traipsed into the dealership and bought a brand spankin’ new 2013 Chevy Traverse.
Yup, you read that right.
We traded in a 2013 Cruze on a 2013 Traverse.
Now, don’t go thinking bad of the dealership – they gave us a fair price for the Cruze (they have it sitting on their lot for $1,000 more than they paid us) and a fair price on the Traverse ($2,000 below employee price). I know, because we normally utilize the employee price since the Big Guy’s grandpa retired from GM. But, after taking a huge hit whilst trading in the Cruze, we now owe about as much on our car as we do on our house……
In those first couple of weeks, when as a family we just weren’t fitting in our car as a family, I felt so trapped. Sure, we have an emergency fund, but its only $1,000 – not enough to buy a dependable larger vehicle. I felt like the debt we had in the Cruze was trapping me to the point where I could not sell it, could only trade it in, and incur even more debt.
In short, I felt helpless. That is a feeling I don’t like. Not one bit.
Was there ever a time you felt this way? What did you do about it? What should I have done?
What’s done is done, I suppose.