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Blog Aug 8, 2016

How to Cut Your Gasoline and Transportation Costs

Energy Saving

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All right, so this one’s not about saving on electricity. But, it is going to help you reduce your energy consumption and save money.

And yeah, we get it, gas prices are low right now. But, they’re going to go back up. That’s because it’s not in the best interest of oil companies to keep prices low. Do you think they want to keep profit margins slim to non-existent?

Enjoy the low gas prices while they last. And, get ready with a good plan for reducing your gasoline usage so you’re saving big when prices climb.

Here’s what to do:

1. Live Near Your Work

This one, you honestly have a limited degree of control over. So, don’t beat yourself up if you can’t make it happen. Ideally, you’ll live within biking or walking distance of your workplace.

It’s where you’ll drive most of your miles during the year and your entire lifetime, so it makes sense. Plus, think of all the time you’ll save if you live near your work. That’s time you can spend doing things you like more than driving. You can spend that saved time on more fun things, like your hobbies or family.

2. Negotiate a Work-from-Home Option

Currently, according to data from GlobalWorkPlaceAnalytics.com, 50% of the American workforce holds a job compatible with working from home. About 20-25% of the workforce currently works from home.

If you don’t already work from home, see if your boss will go for an experiment where you work from home for 2-3 days per week. Show them data that demonstrates how work-from-home employees are happier and more productive.

3. Try Carpooling

We get it…driving to work with other coworkers isn’t always convenient or tolerable. But, you don’t know that unless you try it! Data suggests that if you have an average-length commute of 16 miles one way, you can easily save around $600 per year.

4. Drive a Fuel-Efficient Clunker

Remember the top-of-the-line fuel-efficient cars when you were a teenager or college student? Well, now those vehicles are the clunkers of today. And, many can get pretty decent fuel efficiency of around 30 mpg. Plus, you’ll save on depreciation because there isn’t much of the vehicle left to depreciate. And, insurance won’t cost you much either.

If you absolutely have to drive to work, this can be a good option.

In 2016, that’s how you can save on your gas and transportation costs. Doesn’t working from home sound at least a little enticing?

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