10 Ways to Minimize Your Transportation Costs and Save Money

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Whatever your beliefs, owning and operating an automobile is expensive. For those who might be thinking about giving up their vehicles entirely, consider the pros and cons of living without a car. Cutting the strings of ownership is easier if you live in one of the ten best cities to live without a car.
 
For most Americans, transportation costs are a significant part of everyone’s budget. Few people are fortunate enough to live within walking distance to work, shops, schools, and churches. According to the BLS, transportation costs run between 15% to 20% of a household budget. But there are a few tricks you can use to cut down on transportation expenses.

How to Save on Your Transportation Costs

1. Walk When Possible


Someone once said a pedestrian is a person who just parked their car. It is, unfortunately, true that Americans are more likely to drive a car than walk, even for short distances. Research from the University of Glasgow suggests most people of all ages prefer to drive any distance greater than would be covered by a 15-minute walk, especially if they own an automobile and parking is readily available. According to a National Household Travel Survey, the majority of trips under a mile are in an automobile.
 
Walking is available to everyone in most environments. In addition to saving money on automobile trips, walking is one of the easiest and most inexpensive methods to achieve good health. Tom Hodgkinson, a British writer and journalist, claims the biggest benefit of walking is the freedom to think: “When walking, you see things that you miss in a motor car or on the train. You give your mind space to ponder.”
 
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Mike Lewis | August 18, 2017 in Budgeting, Family, MoneyCrashers, Personal Finance

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