Tuesday, March 24, 2009

Frugal Parent Tip:

Frugal Club member Barb offers the following frugal advice for savvy savers with teens at home:

To save gas, wear and tear and maybe even a life, consider this when handing over the keys to your vehicle to teenage drivers:

* Keep a mileage log in the car. Drivers log their mileage and pay an actual rate per mile instead of filling the gas tank.
* Current government mileage-reimbursement rates are a good guide.

This means that:
* teenage drivers learn the real cost of using a vehicle when the mileage charge takes into account insurance and maintenance costs as well as gasoline used.
* drivers suddenly become careful about the distance they drive.
* you know how far they are driving.
* maintenance costs should decrease as fewer total miles are driven.

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