Americans have more cars than people in most other countries; our constant cry for independence makes public transit used much less than overseas. So, most Americans over the age of 16 have a car. Your car has a wide array of expenses that you need to remember to include in your budget.
Create a fund for car repair Des Plaines. When your car breaks down and you need to make a $400 repair, having even $250 of that helps you to not take so hard of a hit when it happens. This is one of those “unexpected costs” that you need to prepare for because many of us don’t account for the car breaking down in our budgets.
Gauge for gas. Gas is such a tricky thing and sometimes, we don’t think about how much we spend on it. Figure out how much you drive in a month, how many miles per gallon (mpg) your car gets, and average a number based on all of that. This is going to fluctuate based on a lot of things, but make sure that you have a baseline to work with so that you can know what you’re looking at on a monthly basis.
Don’t forget the regular maintenance and car insurance. Depending on how much you drive, you need an oil change every 3 months or so. Car insurance is usually spread out to monthly, every 3 months, or every 6 months (which, as a savings tip, if you’re able to, pay for 6 months at a time. Car insurance is much cheaper that way), and inspections are once a year. Having these in your budget ahead of time instead of the “I didn’t realize it was due this month!” moments will help you not overspend as well.