7 Methods to Lower Your Commuting Expenses – MaybeMoney

7 Methods to Lower Your Commuting Expenses

7 Methods to Lower Your Commuting Expenses

Many people don’t realize the potential cost of their daily work commute. You’d be surprised at just how much your journey to and from work might be draining your wallet each month or year, factoring in gas, car maintenance, and overall wear and tear. For those of you feeling the pinch, here are seven strategies to reduce your commuting costs.

1. USE PUBLIC TRANSPORT:
Public transport is an affordable and convenient option; buses and trains have been serving city dwellers for ages. Usually, you can find economical passes for these modes of transport, and they’re easily accessible. They offer the bonus of added free time in your day for reading, working, or enjoying music. You can also avoid the stress and cost of parking. What’s more, even if your stop isn’t exactly where you need to be, you can walk or bike the remaining distance, saving some more.

2. SHARE THE RIDE:
Office commutes needn’t always be made alone. Teaming up with friends or colleagues who live nearby can cut your costs significantly. By alternating turns to drive, you all can reduce the wear and tear on your vehicles, split the cost of gas, and save money.

3. ADVOCATE FOR FLEXIBILITY:
The 9-to-5 schedule isn’t as common as it used to be. Nowadays, many companies offer flexible hours or work-from-home options. Consider requesting such arrangements; they could cut down drastically on your commuting costs. Plus, beating the rush hour coincides with reduced gas consumption and saves time.

4. ENLIST THE HELP OF APPS:
Persistent gas prices can dent your wallet, but technologies like gas price tracking apps can help you locate the lowest prices nearby. These apps prevent the pointless exertion of driving around hunting for the best deal.

5. WALK OR BIKE:
If your workplace is within a reasonable distance, why not consider walking or biking? You’ll get the benefit of exercise, save money, and do your bit to protect the environment. This obviously won’t work for everyone, but it’s a thought worth considering.

6. PRACTICE EFFICIENT DRIVING:
Having a fuel-efficient car isn’t the only way to economize on gas consumption. There are various practical steps you can take – maintaining your vehicle’s tire pressure, getting rid of excess weight in your car, and practicing anticipatory driving. Avoiding abrupt braking and acceleration can also help improve your fuel efficiency.

7. SHOP AROUND FOR PARKING:
Sometimes, parking expenses can burn a hole in your pocket. You might want to consider seeking out budget-friendly or free parking spots a little farther away from your destination, treating the extra distance as an opportunity for a short walk.

To sum it up, a daily commute is an unavoidable reality for many, unless you’re working remotely full time. However, by making some strategic choices based on your specific circumstances, you can considerably cut down, or even wipe out, the costs tied to your daily outings. At the end of the day, there are plenty of other things you’d prefer to spend your wages on. So why not explore options such as walking, biking, or carpooling?