Getting to work, going to the grocery store, or just running errands around town—it costs to get from one place to another. But we’ve got these 5 cheap tricks for saving big money on transportation costs.
Tip #1: Don’t speed. Speed burns rubber but it also burns money. Keep your speedometer at no more than 60mph on the highway and 45mph on the busy streets if you want to keep some transportation dollars in your wallet.
Tip #2: Use the right gas. Check the owner’s manual for your car and make sure you’re using the right kind of gas. Many motorists choose high grade octane, but the truth is that most cars only need regular octane. Don’t waste your money on useless high grade octane if you don’t have to.
Tip #3: Let the IRS pay you—well, kind of. The IRS allows employers to setup transportation reimbursement accounts that let you pay for your transport expenses pre-tax. You can spend up to $150 on transit passes and carpooling pre-tax. Talk to your employer about getting involved.
Tip #4: Stay on the hunt for cheap gas. When it comes to saving on transportation, pennies count. Use apps like Gas Buddy to find the cheapest gas stations no matter where you are in the country.
Tip #5: Carpool. Sharing a ride with someone else is a great way to save cash and avoid stress. Depending on the size of your workplace, there may even be a carpool signup board where you can easily find someone willing to share a ride.
Explore and combine these cost saving tips to save some cash on your daily transportation costs.