How to calculate the cost per mile to drive

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The cost of living continues to climb as wages remain stagnant. Gaining control of your spending helps you take control of your finances and improve your life in many ways.

“The best way to gain control of your finances is to determine how much everything in your daily life costs, down to the penny,” says Doug Scotten, family financial education specialist with the University of Missouri Extension.

Everyone pays attention to how much fuel costs, but do you know how much you spend on each mile you drive?

For a method to determine exactly how much it costs, see the full version of this article at http://missourifamilies.org/features/financearticles/cfe89.htm

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