Even if you own a small car, it’ll cost you greater than $6000 per year after adding insurance, maintenance, gas, and other connected costs, according to AAA (American Automobile Association). Below are some of the ways to save.
1. Use a bicycle when you go out or use your two feet
Leaving your gas guzzler in your garage is an eco-friendly way for you to save money and ride using your two wheels or your two feet. Walking and biking are nice for the planet, wallet and your health, etc. Read these top 10 reasons why morning walks are super important.
2. Public Transportation Usage
Public transportation helps you save your money on parking, car maintenance, gas, and more. Across the U.S.A, every weekday, people use public transportation 35 million times.
3. You can share a car or rent.
If you’re needing a car to go around and would not drive your car every day, you might consider a shared network for car sign-up or rent.
4. Comparing your insurance costs
Shop around because prices vary. A few insurance companies offer discounts if you are driving safely, if your credit card is good, or if you have a low mileage. Make sure to ask.
5. Limit the financing
You’ll pay more interest if you have more financing. You’ll never want to pay higher than your car’s worth since your car isn’t an investment that appreciates its value.
6. Car wash should be skipped
When it’s time for you to leave the carwash, your bank account may be drained by & $20 more. Your car can be washed by hand two to three times per month, and you can have more savings that are enough for full tank gas.
7. You shouldn’t speed
Your car’s fuel economy decreases by speeding, which means you will get fewer miles to your gallon compared to slowing down 10 miles/hr. Drive within the limit speed and keep your money inside your pocket.
8. Your car must be taken care of
Getting oil check-ups regularly, keeping your tires full with air, and other maintenance will help your car be more efficient when you run it and more affordably. Additionally, a well-maintained vehicle has a better value for resale.
Invite some of your co-workers and try the carpool. Save up to $600 a year by splitting the gas cost even one additional passenger when you drive 16 miles one way (the average commute).