There is that old saying: It takes money to make money. That applies to our search for work, whether it's in the form of a full-time job, contract assignments or business for our enterprises.
But in our mission to spend less and save more (radical frugality), we Baby Boomers might be ignoring the investments we have to make in being able to earn a good living, despite what the economy is doing or our age. One of those commitments may be to own and operate a vehicle. That is not cheap, as this calculator indicates.
When I first relocated to the Southwest, I noticed that Tucson, Arizona had a doable public transit system. Mmm, I thought to myself, I can eventually ditch my car. That would save a bundle in insurance, registration, doing what it takes to pass emissions, gasoline, maintenance, repairs and washes/waxes.
Not so fast, I was told by fellow hustlers. They hammered how a car makes accessible the best work opportunities. Without a car, we limit where we can earn a living.
That recommendation turned out to be on the money. In the job I will start next Monday, which represents a new career path, I couldn't have even gone for the interviews without my own vehicle. No bus reaches it. A cab would have cost a king's ransom.
Cutting items out of our budget is commendable. But, before we eliminate any of the big-ticket items we have to weigh the implications for our ability to find and keep work.
This weekend I am investing in a new wardrobe for work.