# 79: The real cost of owning a home!
Everyone knows that cars are expensive Besides the cost, it's maintenance, insurance and fuel costs increasing, we all know that these costs add, but few of us know exactly how much it really costs to own a car Let's take government estimates look According to 2006 consumer spending released in February 2008 by the US Department of the US labor Office of labor statistics, the average vehicle cost 8003 per year to own and operate the distribution of the number comes to 3421 for the purchase of the vehicle, 2227 in fuel costs and engine oil, and in 2355 in other vehicle costs as might be wait, the less affluent spend less richer in fact, the richest fifth of the nation spends much more, with their 15,198 in annual spending on vehicles coming nearly six times the past 2856 pa r less affluent An overview of vehicle expenses based on the household income is provided in Figure 1 below.
According to AAA, the average person spends 9,641 a year for the privilege of driving Keep in mind that these estimated costs are based on an average cost of gasoline per gallon in 2256 Figures gift also does include the cost parking For more information, see Grip on the cost of gas.
Putting these costs in terms of an average journey to work, the driver of an average sedan that pays 52 cents per mile 5 spends 10 50 to make a round trip of 20 miles per day is 52 tab 50 in a five-day week multiplied by 50 weeks a year and the grand total is 2625 in many large cities, costs a pass annual bus less than a third of that amount in 2008, even in Los Angeles, bus 62 month passes only costs you 744 for the year for related reading, see Extreme commuting is it for you minimize your costs Regardless of how much you spend on your car each year, less is always better Although eliminating all spending on transport is not practical or possible for most people, there are steps can be taken to keep your costs.
For starters, if you do not drive t many, renting a car can be good for you Read Advantages and disadvantages of leasing vs. buying a vehicle to learn how to rent a car can help you minimize your costs monthly.
If public transportation is going to the places you should be, you should seriously consider its merits not only someone else drive, but public transport can often reduce your monthly transportation expenses by a significant amount buses, trains , subways and van pools all offer relatively inexpensive alternative to get to work.
Car pools are another option Just because you own a car, doesn t mean you must always drive turns with a friend can save you money and prevent wear of your vehicle.
If you work odd shifts or can t access to public transport, you may have no choice but to own and use your own vehicle if that's the case, think small Remember those numbers you have examined earlier Driving a small sedan is likely to cost the district 50 5 cents per mile against 81 cents for a 5-guzzling SUV gas, which amounts to a 30 savings per year is good for the environment and also since you need to breathe too much air, good for your health interested in buying a real gas sipper Read Hybrids friends or financial enemies.
Also, do not pay for an eight-cylinder engine when four cylinders work fine unless you are carrying heavy loads on a regular basis, the additional cost of a larger engine results more money spent on gasoline.
Whatever you drive, make a conscious effort to drive less walking or bike to local destinations is good for your health and good for your budget When driving, consolidate your trips to the mall, banking and Cleaning dry all in one trip instead of making three separate trips.
Conclusion Regardless of how you get from place to place, pay attention to how much you spend This includes incidental expenses, such as car insurance and regular maintenance Keeping an eye on your spending, you can keep more money in your pocket.
The trade terms published by the International Chamber of Commerce ICC which are commonly used in both international and domestic.
A commonly accepted measure of market concentration is calculated by squaring the market share of each competitor.
An estimate of revenue and expenditure over a future period of time A budget can be done to a person, family.
The process by which employees not acquire an interest in the forfeited employer contributions that are made to s employees.
A rigorous indicator that indicates whether a company has enough current assets to cover its immediate liabilities.
One of the two common methods a company uses to reflect the burden of long-term assets The double declining balance.
The true cost of owning a car, the true cost.