Budget Bell Ringer 4

How might someone’s location impact the different transportation options available to them?

• Location does not impact transportation options

• Urban areas offer more public transport and car sharing; rural areas rely more on having a personal vehicle

• Location only affects how much someone pays for transportation, not the options they have available to them

• All transportation options are universally accessible

Joanne is buying a new car and her monthly payment is $320. She allocates $350/month towards auto-related costs. What mistake is Joanne making when creating her auto budget?

• She is not accounting for the cost of fuel, insurance, maintenance, and other potential expenses beyond her car payment

• She is overestimating her budget, as $350 is more than enough to cover all car-related expenses

• Joanne should not allocate any budget for auto-related costs other than the monthly payment

• The mistake is in buying a new car; she should always opt for a used car

Andrew has a car and is moving to the city for his new job. Which of the following actions would be the MOST effective way for him to decrease his transportation costs?

• Switching to public transportation or biking for his daily commute

• Buying a more expensive, luxury car for better comfort

• Upgrading to premium fuel for his current car

• Washing his car more frequently to maintain its appearance

Which of the following statements most accurately describes the relationship between someone's location and their access to different modes of transportation?

• People living in rural areas often have the same access to public transportation as those in urban areas

• The closer someone lives to a city center, the fewer transportation options they have

• In rural areas, reliance on personal vehicles is typically higher than in urban areas

• Access to different modes of transportation is uniform across all geographical areas

Troy lives in the city and wants to reduce his transportation costs. All of the following steps will help him cut back on his expenses, EXCEPT…

• Using public transportation when visiting friends in the city

• Commuting to work with a colleague

• Biking to the volunteer center he goes to once a week

• Buy a car that gets fewer miles per gallon

Janine is considering what auto costs she is going to have after buying a new car. She has budgeted enough money for the monthly auto loan payment, gas, and auto insurance. Has Janine factored in all of the costs associated with car ownership?

• Yes, these are the three costs she should expect to pay once she is a car owner

• No, she does not need to include the cost of auto insurance as it is included in her auto loan payment

• No, she needs to factor in other costs such as maintenance, emergency repairs, etc.

• No, she does not need to include the cost of gas as it is covered under her auto insurance policy