Here are my top tips for saving money on transportation in your budget.
- Thou shalt not lease – Leasing equals buying a car – only on really bad terms.
- Keep driving the same car – as long as it make sense. Develop a relationship with a mechanic to determine whether your car can be fixed or if it needs to be replaced. My Subaru is almost 21-years-old and the reason it’s still in good working condition is because of our wonderful mechanic.
- Buy used vehicles – If you need to get a new to you vehicle, buy a used vehicle. Find one that’s solid, reliable, low maintenance, and fuel efficient. The ultimate? Consider getting rid of one car if you have two, or ride your bike everywhere – you’ll get a workout, too.
- Drive less, save more –While driving less can mean you’ll save more, there’s no real financial savings in keeping your car and using public transportation. To actually realize the savings, you need to actually get rid of your car. Think about car sharing as an option to owning. With car sharing and bike riding, you’ll save on both the environment and get exercise.
What would you add to this list?
Go Gingham related links:
Budgeting and how to track expenses – Part 1
Budgeting and how to track expenses – Part 2
Budgeting and how to track expenses – Part 3
Living a frugal life by choice: strategic frugality
Reducing FAITH (food, apparel, insurance, transportation and housing) costs