In the recent oil price increase trending to be weekly, it is not surprising that people will think twice in buying a new vehicle. We need to take into consideration of its primal usage, is it really a need or just a luxury?
Oil plays a very important role in running a country’s economy and not only on a family’s budget. Economic recession causes slowdown in economic activity which results to rising unemployment rate, high priced commodities, and bankruptcies.
Using alternative oil sources like bio fuel, made of biological products and bakken oil shale, oil coming from a sedimentary rock unit could help the government in the reduction of oil imports. If we could produce additional oil, it will generally help in the increasing oil demand in the country. Production on our own will mean more people will be employed, more money to improve the nation’s economy.
Having a family vehicle is really very convenient, as we can hold and budget our own time in terms of traveling. We could make several client appointments in a day reassuring that we can come on time. We do not have to worry on passing by EDSA or other traffic prone city streets during peak hours for we can take on alternative routes. It is also very much advantageous during family outings and out of town getaways, for we can bring everything that the family needs and we can make stopovers anytime we want to. On the other hand, owning a family vehicle is just like you’re having another baby in the house. Aside from its high cost maintenance, buying the gas/oil to make it run makes a hole in the pocket.
Lately, as I do the math and assess on our family budget, gasoline purchase allowance took almost the half of our weekly financial allocation. Although it is an integral part in the estimated weekly expenses, the sudden increase is alarming and something has to be done.
We conducted a family meeting on the usage of the two vehicles. We concluded to use only one vehicle, the other one as an alternative for number coding scheme. Commute for short range errands and maximize car pool as much as possible.
I need more suggestions here, please speak your mind, don’t be shy, share your ideas in the comment form below