Description
After 20 years of driving, Andrew Tan, 49, gave up his car. He estimates he's saving more than S$2,000 a month by giving up his car instead of buying a comparable replacement.
For the father of two, that means more money set aside for his business and family's future. And while public transport works for their daily routine, going car-free has its drawbacks. Visiting his parents now takes 80 minutes instead of 30, so he sees them less often.
Is saving more than S$2,000 a month worth giving up the convenience of a car? Money Mind explores the trade-offs.
#cnainsider #SingaporeCars #COE
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