6.3 - Budgeting for Transportation

Which of the following is NOT a factor when choosing transportation?

• Convience

• Distance

• Money

• Health

When might a long commute be worth it?

• 
  When you can work remotely for part of the week

• 
  When you have an ideal job and the commute is enjoyable

• When the job pays enough to cover the increased commuting costs

• 
  When you can carpool with colleagues

3. Which of the following costs would increase if you had a longer commute to work or school?

• 1. Car payments

• 1. Vehicle registration fees

• 1. Fuel and maintenance

• 1. Parking fees

What health issues are more likely to be experienced by Americans with longer commutes?

• 
  Allergies and respiratory problems

• 
  Depression and anxiety, sleep disorders

• 
  Neck and back pain, high cholesterol and obesity

• 
  Headaches and migraines, diabetes and asthma

Apart from gas, what other costs should you consider when calculating your commuting expenses?

• Health insurance premiums

• Public transportation fares

• Wear and tear on your vehicle and parking fees

• Car insurance and registration fees

What is a major advantage of buying a new car?

• 
  Higher reliability

• 
  Lower acquisition price

• 
  Limited or no warranty

• 
  Less depreciation

What is a major advantage of buying a used car?

• 
  Lower acquisition price

• 
  Less depreciation

• 
  Higher reliability

• 
  Limited or no warranty

1. Which scenario below is an example of a person whose car payment is probably too high?

• 1. Chester pays $390 per month for his car and saves $500 per month

• 1. Amal pays $430 per month for her car and saves $500 per month

• 1. Logan pays $250 per month for his car and saves $250 per month

• 1. Isra pays $400 per month for her car and saves $350 per month

All of the following are potential benefits of NOT owning a car EXCEPT:

• 1. Less stress when commuting

• 1. Opportunities for exercise

• 1. Reduced carbon footprint

• 1. Shorter commuting time

3. Which of the following costs would increase if you had a longer commute to work or school?

• 1. Car payments

• 1. Vehicle registration fees

• 1. Fuel and maintenance

• 1. Parking fees