Every month since I bought my car, I have budgeted $25 per month for “car maintenance”.
I’m not really sure what this entails other than oil changes. My owner’s manual says to change the oil every 5,000 miles or every 12 months, so I will get it changed at the 12 month mark, but I get my first oil change for free at the dealership where I bought my car, so that won’t cost me anything this year.
In January, I bought an ice scraper/snow brush for $20 and I deducted that from my “car maintenance” budget.
I reduced the “car maintenance” budget to $8/month, but I need to make sure that this number is well-founded.
Here is the breakdown of my monthly transportation budgeting:
- $105 Auto insurance policy
- $22 Umbrella insurance policy
- $100 Parking in my apartment building
- $8.33 Car maintenance
- $1.25 Driver licensing (Yes, I take the $75 every-five-years driver licensing fee and split it up monthly so it doesn’t sneak up on me)
- $48 Fuel (1 full tank of gas at $4/gallon)
- Total: $284.58