Thursday, April 25, 2024

Scott Bilker
Household Math™: Car Per Hour
by Scott Bilker
 
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.

Test your knowledge by trying to solve these DebtSmart, Household Math™ problems! After you complete the problem you’ll get the solution and explanation.
 
1. Janice has finally received her driver’s license! She’s a happy camper! Now it’s time to get the car and go places with her friends. She’s pretty smart about money and knows that she’s going to need a decent job to support the car. She only has time to work 20 hours each week. She estimates that the car financing will cost $300 per month, gas $25 per week, auto insurance at $600 semiannually, and repairs and maintenance at $350 per year. How much per hour must she net just to pay for the car?
$4.50
$5.15
$5.82
$6.20
$7.50
I don't know!



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