These four ways to save money on your way to work will save thousands a year without making you late
Financial emergencies can hit all of us at the most difficult of times, and while payday loans online may be available should this emergency occur, the stress of saving money in our everyday lives can often make it difficult to work out just where to start.
Luckily, there are plenty of ways to save a little extra money, whether it’s on your food bill, or in everyday spending. Here, we’re focusing primarily on your commute to work. Without further ado, here are just a few ways to save money on your daily trip to work.
Car Share to Save and Take the Stress Out of the Commute
If you drive to work and don’t already car share, it may be time for you to start considering it. When car sharing, you’re often splitting the costs of fuel, parking and more in half with a potential small detour being the only cost for the privilege.
It not only saves money, but you’ll be doing your bit for saving the environment, by only putting one car on the road when there could’ve been two.
Better yet, cities often have car share lanes so you could even cut down your journey time altogether!
Consider Biking Or Walking to Work
If you live close enough to your workplace, why not swap out the public transport for a bike or your own two feet?
It might mean setting out a little earlier of a morning, but by biking or walking to work every morning you’ll be improving your own health and saving yourself the fare or gas money that you would’ve paid otherwise. However, depending on how long your journey is to work and the availability of cycle lanes might restrict your ability to choose this option.
Travel Cards And Season Tickets for Public Transportation Savings
More often than not, public transport companies will offer season tickets or travel cards at deeply discounted prices and for those who have no other option than to jump on a bus or onto a train, it can be a great idea to investigate these further to see just what deals you can find for your journey in particular.
Cut Your Fuel Costs and Drive Safer
If you have no choice but to drive to work, you can cut down your commuting costs by changing how you drive.
By lowering your overall speed, changing gear earlier and avoiding breaking too often or accelerating too sharply, you’ll find that the fuel you put into your car lasts much longer. Avoiding the use of air conditioning and simply cracking open your window can save money too.
Consider leaving home earlier to avoid rush hour traffic and all the start-stop mess that costs time and money.
Shop Around For Parking at Work
Most cities will have a variety of parking options. From park and ride services that offer cheaper parking just outside of the city, to finding free places to park that are further away from your workplace and might require a little extra walking, there are always cheaper alternatives when your workplace doesn’t have a free car park of their own.
Shop around and investigate the area – you never know what you could find in the way of parking. You could even try and find someone willing to rent out their driveway.
Hopefully this has given you an insight into just how you can save a little extra cash on your commute into work. Traveling to your workplace is often one of the highest costs you can face and a good chunk out of your pay check, however there are plenty of ways to cut down on what you’re paying out – you just have to be a little flexible!
About the Author
Joseph Hogue is a financial expert and investment analyst. After serving in the Marine Corps, he started his career investing in real estate before becoming an investment analyst for some of the largest private investors. He's appeared on Bloomberg and on CNBC as an investment expert and has published ten books in personal finance. Now he helps investors reach their financial goals and invest in the stock market with some of the same advice he used when working for the rich.