No. of Recommendations: 5
I plan to ditch my car payment pretty soon by getting a cheaper car and paying cash.

Make sure you aren't being pennywise and pound foolish on this one. A Cheaper car, if used, may also need maintenance sooner. OTOH, you can also look at keeping your current car and check with the insurance agent about having lower mileage and perhaps a lower insurance bill.

If you don't have a loan, you may have less insurance required but be sure you can handle any risk for which you do not have insurance.

The whole thing sounds like you want to quit working at some point. Day to day expenses are not the only things that should be considered in the decision. You may want to also look at the long term impact of being out of the work force for whatever length of time you are considering.
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