The people in the United States are different then everyone else in the world. We like to have everything large and grand and we want to show off what we have. We think bigger IS better. Well, bigger sometimes comes with a price to pay. That price might not be at the register, but it will hit eventually. Let take gas prices currently. We are ALL extremely happy that gas is hovering around the $2.00 – $2.25 per gallon range. We have not seen prices like these since the mid-2000’s. Then it seemed as if in a blink of an eye gas prices were upwards of $4.00 a gallon. Auto companies were getting rid of certain models and entire brands to to get back on track. Fuel Efficient models started coming out. It seemed as if it were a race between Honda, Toyota and the rest of the auto makers to have the most fuel economy for a vehicle. The auto transport industry was loving this time because more customers were selling and buying cars because they needed to save money. It seemed as if this industry was recession-proof. Transporters were making money and many people started getting into this industry and starting their own shipping companies. What happened to tons of Americans that owned an SUV like the Tahoe, Escalade, Hummer H2, etc.? They traded them in for a more fuel efficient vehicle such as a mid-sized sedan or crossover SUV and the transport industry boomed.
Let’s fast forward to 2015. Gas prices are cheap and people are getting the mindset that gas prices will stay low forever. They are purchasing the new and shiny SUV and gas guzzlers to show off to their friends. Bigger IS better is BACK in America. The problem is that we think cheap gas is going to stay. Like gas prices soared back in the late 2000’s they will go back up again. That 5 year car loan you have on your SUV is going to need to be paid and the car will need gas to drive it. Something will have to give.
We need to start thinking before be act. My mother (and you mother as well) used to tell me that I needed to think before I act and I wouldn’t do dumb things. Well, People of America, PLEASE start thinking before you act. Lets be smart about our money and our future. figure out long term goals and how they can be achieved. Buy a more fuel efficient vehicle or crossover instead of the gas guzzler. Wouldn’t it be nice to have some money in your savings account? Maybe take an extra vacation each year? Maybe treat yourself and/or family to more events and fun activities. All of this is possible if you just make smarter decisions. Cheap gas prices is not going to stay for very long. They maybe be here another year or two, but eventually they will increase and when they do, that decision to buy that new Chevy Tahoe will probably look like a dumb idea. My gosh, maybe our parents were right!