I was recently involved in a car accident. The accident was caused by the other party. The insurance company issued a total lost claim on my car and paid me. I'm thinking it's best to just use the money to pay for bills and other necessities. I live in a neighborhood that is located downtown where I have a grocery store and other convenient places that I need. Taking the bus or bike to work would be less expensive. I would save money on parking tickets and parking sticker fees and the cost of maintenance on a vehicle. In addition, I would not be able to afford car insurance on a monthly basis.Is my alternative the better option?

Get a car. Riding a bike is annoying

=== doing without a car is not a big deal if you have that option == you tell me that the insurance settlement is enough to get you out of debt and put you in a position to save money and that is a very smart thing to do [[[ if you will save the money ]]] == if you need a weekend car find a girl friend with a car and you pay for all the weekend expenses or share the expenses with your buddies ... your alternative option to bus/bike is the best thing to do while you spend your time getting more education for a better paying job ..... the insurance co. does not have anything to say how you spend the $$$'s ...

There are a lot of good reasons for you to go with your alternate plan in fact many people are making that choice the money is yours for your damages to use as you see fit. Bills and fees for car related expenses have skyrocketed along with the price of gas and oil. If you are in good physical health and live in an area you are comfortable with and the services and goods you want and need are easily available then certianly think about it. Personally I think I would set the money aside and try a test run like over this winter and see how your idea works out and decide next spring what to do with the money or if you do need to use it then go ahead best of luck hope it all works out