How to Save On Transportation

July 23, 2019
How much money are you spending on transportation every month? Well, according to Jeff Walker, of CAA National, transportation costs are the second-biggest monthly expense for Canadian households.
How to Save On Transportation

That being said, how would you like to start saving tens, maybe even hundreds of dollars right now? Here are 5 tips to help you drastically reduce the money you spend on transportation:

Shop Around for Insurance

Did you know that it is possible for you to save hundreds of dollars on car insurance just by shopping around? That’s right. And the best part is it is not something that is hard to do. You can easily contact insurance providers to get quotes either by phone or by contacting them through their websites. All it takes is a few minutes of your time, which is barely an effort at all, especially when you consider how great the financial reward can be.

Carpool 

You can save tens of dollars every month on gas money by carpooling to work. Let’s say for example, that every month you spend $120 on fuel to get to work. By sharing the ride with another person, you can easily halve that amount. Multiply that $60 by twelve months, and you’ve managed to save $720 in one year. 

Keep Your Car Properly Maintained

Making sure your car is in order and properly maintained will not only prolong its life, but it will also help you cut down on your transportation costs. For example, simply making sure your vehicle’s tires are properly inflated will not only render it more fuel-efficient, but you will also prevent your tires from wearing out prematurely. 

Walk Whenever Possible

If you are within walking distance of your workplace, why not use your legs instead of your car? Not only will you be saving most of the money you would normally spend on gas in one month, but you will also be doing your body a favor by giving it the exercise it needs.

Drive Safely and Save Money

Driving fast can no doubt contribute to your vehicle using up more fuel. According to the Government of Canada, on its Natural Resources Canada web page, driving at 120km per hour instead of driving at 100km per hour will cause your car to consume approximately 20% more fuel. 

Natural Resources Canada also mentions many other factors that can negatively impact your car’s fuel consumption, but to name just one, take, for example, erratic driving. By using your gas pedal a bit too heavily, and then as a result having to come to sudden stops frequently, you are reducing the fuel efficiency of your car, and consequently spending more on gas than you should.

As we’ve seen in this article, it is indeed possible to cut down on the cost of transportation. By applying even just one of the tips given here, you’ll be able to reduce your household’s expenses significantly. 

Now, what are you going to do with all that extra money?