It may be time to get rid of your gas-guzzling vehicles
With petrol prices continuing to rise across Australia, it may be time for many people to get rid of their gas-guzzling vehicles.
Owning a powerful car is all well and good, but in times of austerity it can become a real burden, as you are far more likely to feel the effects of high oil prices around the world.
This could be especially true for South Australians, as a recent study by National Australia Bank and analytics firm Quantium showed that the average motorist spent $1,255 on fuel last year, with people in the country town of Eudunda shelling out a whopping $2,233.
Perhaps you should be looking to trade in your high-performance car in favour of a smaller, more economical model. Not only will you save significant sums of cash on fuel, you are also likely to see your car insurance premiums nosedive too.
Insurers are always wary of covering drivers who roam around in fast cars with big engines, especially if you are of a certain age.
Have a question about travel money? Ask the money gurus at Mozo Answers.