Are Car Costs Getting You Down? Here Are 3 Ideas Guaranteed To Save Money

Buying a car, and then looking after it, is one of life’s biggest expenses. If your family has more than one car, then you can multiply all the regular expenses by two or even three.

This can be a huge issue for your family finances as most of your monthly income gets spent on your car, which is far from ideal. As a result, here are a few ideas worth trying out to reduce your regular car costs:

Thinking of becoming a Lyft driver?

Drive with fuel efficiency in mind

The first idea is so simple; alter your driving technique, so you focus on being more fuel efficient. This will mean you use up less fuel, so you spend less money on petrol all the time. Sure, it only tackles one running cost of owning a car, but this is the most expensive one of all. Generally speaking, if you can save money on gas costs, then you’ll slash your car expenses in half. There are plenty of little tweaks you can make to your driving that will help you save a lot of money on fuel. I won’t go into all of them, but you can check out the video below to learn more about them.

Sell your car and buy cheaper transport

With this idea, you have to asses whether or not you truly need a car. If you’re the only one that’s ever in it, and you don’t use the trunk that much, then why don’t you sell it and buy a more affordable option. Motorcycles are far cheaper than cars, and they’re much cheaper to insure and run as well. You can save tonnes of cash, the only issue is they can be less safe than cars.

Any motorcycle accident attorney will tell you that many motorcyclists are involved in accidents, but that’s usually down to their own stupidity. If you ride safely, then you will be perfectly fine. If your family has more than one car, maybe consider selling one and getting a motorcycle instead. As an alternative, think about a regular bike if you live pretty close to wherever you always need to be. 

Wanting to cut down insurance costs, but tired of finding quotes? Let me help!!

Keep up with regular tire maintenance

The most common car ownership mistake is not maintaining your tires as regularly as you should. So many of us won’t check tire pressure every month, we won’t buy new tires until it’s literally unsafe for us to drive on them, and this ends up doing lots of things to our car. For one, it makes the whole vehicle less stable, which means loads of things can go wrong like damages to particular parts, etc.

What’s more, because the car is less stable, the ride gets worse. As a consequence, your car has to work harder just to drive around. This often means the engine is working overtime, which means you use up more fuel. By paying a few cents every month to check your tire pressure, and by switching your tires as recommended, you will prevent problems from occurring and save loads of cash.

Keep your family finances in check by saving money on regular car costs. Sometimes the smallest changes can add up really fast.

The Best 3 Ideas To Cut Down Transportation Costs...

Check out these other great resources to help you with your personal budgeting –

How Do You Know When To Buy A House?

Common Property Investment Mistakes to Avoid

How To Prepare Your Finances For The Unexpected…

3 Ways To Make A Successful Living On The Road…

Do These 4 Things When Facing A Financial Crisis…

Here are the books we are reading about finances and business right now – 

Yes, I include affiliate links in all my blogs. I get paid a little each time you click and buy from the included links, but I only recommend products that I use myself. Thanks for supporting our blog and our dream of changing the financial futures of all families and individuals! ~ Lydia Y-S.

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