Thursday, January 18 2018
If you don’t control your money, your money will control you. Today let’s focus on getting control over the cost of auto repair and maintenance.
The cost of owning a car
Here’s a look at all the budget categories you may want to consider when attempting to nail down your auto expenses:
Benefits of controlling these costs
You can achieve all of these things simply by setting aside enough money to cover your expenses. That way you won’t have to stress or worry about where the money is coming from — if it can be found at all.
A simple, average amount
Before we try to determine specific dollar amounts for your individual situation, let’s talk about a simple, average amount that people can start with. If you want a detailed break down of costs for your exact vehicle and situation… Scroll down to the next section.
Earlier this week, I spoke with my trusted auto mechanic — Sam — about how much the average person should budget for auto repair and maintenance. These are the numbers he gave me:
On average $1, 200 per year per vehicle, is a great place to start. This means $100 per month for each vehicle.