8 Ways to Save Money on Your Commute, According to Financial Experts
– Carpool or Rideshare
Share rides with coworkers or neighbors to split gas and toll costs. Many ridesharing apps also offer carpool options, reducing the cost of your daily commute.
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Use Public Transportation
Switching to public transportation like buses, subways, or trains can be much cheaper than driving, especially when factoring in gas, parking, and maintenance costs.
Bike or Walk to Work
If you live close to your workplace, consider biking or walking. It’s free, eco-friendly, and a great way to incorporate exercise into your day while cutting down on transportation costs.
Work From Home Part-Time
If possible, negotiate a hybrid or work-from-home schedule. Working from home even a few days a week can significantly reduce commuting expenses.
Take Advantage of Commuter Benefits
Many employers offer commuter benefits programs that allow you to pay for public transportation, parking, or rideshare services with pre-tax dollars
Maintain Your Vehicle
Regular vehicle maintenance, such as oil changes, tire rotations, and engine tune-ups, can improve fuel efficiency and prevent costly repairs, saving money in the long run.
Use Fuel Rewards Programs
Sign up for fuel rewards programs offered by gas stations or grocery stores. These programs give you discounts on gas or allow you to earn points that can be redeemed for fuel savings.
Carpool Lane Access
If available, consider purchasing a high-occupancy vehicle (HOV) or electric vehicle (EV) that qualifies for carpool lane access. This can save you time and fuel by avoiding traffic delays.