Transportation is one of the major expenses during retirement, and it includes costs related to owning and maintaining a vehicle, public transportation, and other travel expenses.

Question

Transportation is one of the major expenses during retirement, and it includes costs related to owning and maintaining a vehicle, public transportation, and other travel expenses.

Which of the following situations would help decrease your transportation expenses in retirement?
Choose 1 answer:
Choose 1 answer:
(Choice A) buying a new car so that you don't have to ride the bus
A
buying a new car so that you don't have to ride the bus
(Choice B) using public transportation more frequently
B
using public transportation more frequently
(Choice C) taking more vacations that require air travel
C
taking more vacations that require air travel

Answer 1

(Choice B) using public transportation more frequently. By relying on public transportation instead of owning a car or taking expensive flights for vacations, you can significantly decrease your transportation expenses during retirement.