Daily transportation is another crucial factor to consider when planning your monthly budget.
Some people choose to live in areas where they can walk or ride their bike to work.
Others avoid car payments by living in cities that offer reliable public transportation as an option.
However, most people use a personal car to meet their transportation needs.
The true monthly cost of owning a car entails much more than the car payment.
When you select the type of car you plan to own, the site also factors in the cost of gas, maintenance, insurance, license and registration, and other expenses that go into owning a vehicle.
Remember, however, that the actual cost varies from person to person depending on how much you drive.