Smart Transportation Budgeting Strategies

What is typically the most significant cost associated with vehicle ownership?

• Fuel

• Insurance

• Maintenance

• Depreciation

If a bus pass costs $50 per month, what is the total cost for a year?

• $500

• $600

• $700

• $800

Which of the following is NOT a factor in calculating the cost of vehicle ownership?

• Purchase price

• Public transportation fare

• Insurance

• Maintenance

If a car travels 30 miles per gallon and fuel costs $3 per gallon, what is the cost to travel 90 miles?

• $6

• $9

• $12

• $15

What is the primary purpose of budgeting for transportation?

• To increase spending

• To manage and reduce costs

• To avoid using public transportation

• To buy a more expensive vehicle

What is the term for the decrease in value of a vehicle over time?

• Appreciation

• Depreciation

• Inflation

• Deflation

If a train ticket costs $2.50 per ride, how much would 20 rides cost?

• $40

• $45

• $50

• $55

Which of the following is a fixed cost in vehicle ownership?

• Fuel

• Insurance

• Repairs

• Tolls

Which of the following is a disadvantage of public transportation?

• Lower cost

• Limited routes

• Reduced traffic

• Environmental benefits

Which of the following is a variable cost in vehicle ownership?

• Loan payment

• Insurance

• Fuel

• Registration