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Commuting Costs: 5 Tips For Saving Money

  • August 6, 2019

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Commuting Costs - 5 Tips For Saving Money

The vast majority of us rely on a means of transport to get around. Whether you drive to work, you use buses, trains, or trams to get to the office, or you spend your leisure time whizzing around on two wheels, getting from A to B may eat into your wages. If you’re looking to save on travel costs, here are some practical tips to try today. 

Maintaining your vehicle

If you own a car, a truck or a motorcycle, it’s crucial to consider the long-term benefits of looking after your vehicle properly. Regular services and replacing parts that are nearing the end of their life can help you save a substantial amount of money over a period of months or years. It’s much better to detect potential problems early and find a solution than to end up on the side of the road awaiting assistance and facing a hefty repair bill. Look after your vehicle, and arrange services as recommended by the manufacturer. Often, minor issues can be rectified by sourcing replacement parts from providers such as Solo Moto. If you have a level of experience and expertise, you could save money by attempting simple repairs yourself. If you’re a novice, it’s best to leave it to the pros. Usually, when you hear strange noises, or your car or bike isn’t running smoothly, it’s wise to get it checked out. If you leave it and hope for the best, you might end up paying more and there could also be safety risks. 

Focusing on fuel efficiency

If you drive on a regular basis, and you cover long distances, it’s beneficial to explore the cost of swapping your car or truck for a more fuel-efficient model. If your vehicle guzzles gas, and you’re spending a fortune at the pump, switching to an eco-friendly car or a newer model that boasts more miles to the gallon could save you a vast sum of money. Compare prices, and look for value for money. It’s also wise to consider the impact of changing environmental policies and to look for incentives that may be available when you purchase greener vehicles. In some countries, it’s cheaper to run electric and hybrid cars due to tax breaks, for example. 

Finding cheaper ways to commute

If you spend a substantial portion of your salary on getting to and from work, it’s worth finding out if there are cheaper ways to commute. Could you walk or cycle? Could you join forces with colleagues to share lifts? Would it be better for you to catch a train rather than to drive? Evaluate all the options open to you, and approach your boss if the company you work for doesn’t have existing policies related to carpooling or cycling to work. Your employer might be willing to incentivize certain ways of getting to and from work. 

Buying in bulk

If you use the subway or the metro, you catch a bus to work, or you tend to travel by train on a frequent basis, it’s usually much better value to buy tickets in bulk rather than to purchase individual passes. In many cities, you can buy some form of card and top it up to take advantage of cheaper rates. You might also be able to join  a loyalty scheme that gives you free journeys or to buy discounted tickets for single journeys in advance online. 

Shopping around for insurance

If you own a vehicle of any kind, it’s highly likely that you’re currently paying out for insurance. Next time your policy is due for renewal, read the letter or the email from your provider, look at the quote, and then compare prices online. It takes a matter of minutes to log on, enter your vehicle details and see what’s available. Many companies reserve their best deals for new customers, and if you choose to stay with your provider, you might miss out on discounts and incentives. If you’re happy with the service you receive, it’s worth contacting your existing insurance company and seeing whether they’ll match or beat quotes from competitors. You might find that they offer you a better price to keep hold of you. If you have more than one car, or you have a motorbike and a car, for example, it’s a good idea to look at multiple vehicle policies. This might save you money and it also makes the process of insuring your fleet simpler and more convenient. 

If you’d like to spend less money on getting around, try these practical tips today! You could save a small fortune in no time.