Introduction For my case family this week, I filled out a transportation expense worksheet. By filling out their transportation expense worksheet, I was able to identify their strengths and weaknesses in their transportation budget. In this paper, I am going to discuss their challenges in reference to their transportation expenses, the reason why I believe owning a car is necessary for my case family, how consumerism/conspicuous consumption is relevant to my case family, and strategies that they can implement to keep their transportation cost down.
Keeping Things in Motion The reason why I believe owning a car is necessary for my case family is because the wife still work, the husband is involved in various activities, and the mother-in-law’s …show more content…
However, they do not spend their money on extravagant things or constant spend money on things they do not need. Furthermore, I believe their attitude about conspicuous consumption is displayed by various financial tools they invested in, for example, savings account, life insurance policies, retirement, etc.
Challenges in Relation to Transportation Expenses Looking at my case family monthly income and their transportation expenses, I do not see where my case family will have a problem with maintaining their transportation and other household expenses.
Strategies to Keep Transportation Costs Down My case family own two cars. Therefore, one way I think they can save money is by carpooling. The second thing they can do to save money is have their car insurance grouped billed, to receive the multi-car discount. Last thing is try to have their car payments reduce.
Conclusion
Overall, my case family is doing a wonderful job in allocating sufficient funds toward their transportation expenses. I think that because they saved for their future, today they are enjoying the benefits. Furthermore, because of their future planning, they have less stress and can enjoy their
Keeping Things in Motion The reason why I believe owning a car is necessary for my case family is because the wife still work, the husband is involved in various activities, and the mother-in-law’s …show more content…
However, they do not spend their money on extravagant things or constant spend money on things they do not need. Furthermore, I believe their attitude about conspicuous consumption is displayed by various financial tools they invested in, for example, savings account, life insurance policies, retirement, etc.
Challenges in Relation to Transportation Expenses Looking at my case family monthly income and their transportation expenses, I do not see where my case family will have a problem with maintaining their transportation and other household expenses.
Strategies to Keep Transportation Costs Down My case family own two cars. Therefore, one way I think they can save money is by carpooling. The second thing they can do to save money is have their car insurance grouped billed, to receive the multi-car discount. Last thing is try to have their car payments reduce.
Conclusion
Overall, my case family is doing a wonderful job in allocating sufficient funds toward their transportation expenses. I think that because they saved for their future, today they are enjoying the benefits. Furthermore, because of their future planning, they have less stress and can enjoy their