A – What are your fixed monthly car expenses? (1 point)

Car owner’s variable costs:
Add up your variable expenses – the ones that depend on how many miles you drive the car. Don’t get into the nitty-gritty of your car’s miles per gallon – just give an approximation of what you spend each month on variable expenses – gas, oil, washer fluid, car washes, etc.
B – What are your variable monthly car expenses? (1 point)
C – Now add your fixed and variable costs: What is your total cost per month? (1 point)
Usage:
D – Approximately how many miles do you drive a month? (1 point)
All of the discussion in the media is about the price of gasoline per gallon but to calculate your personal cost, a more relevant statistic for you is your cost per mile. That is one of the things that you should consider when you decide whether or not to drive home for lunch.
E – Divide C by D to figure your cost per mile. (1 point) Pay attention here. If your dollars per month are less than your miles per month, you are not spending over a dollar a mile! What is your cost per mile?

Surprised? One student did the calculations wrong and got that she was spending $316.00 a mile. That would go way beyond surprised!
F – What changes might you make to save money on your total car expenses? (1 point)