Integrated Family Community Services 3370 South Irving Street, Englewood, CO 80110-1816 Ph: 303-789-0501

How Families Can Save Money on Transportation Costs

The first thing you do after you receive your paycheck is pay bills. Livings costs may grow to unhealthy levels if you do not control them. The beautiful thing about most expenses is that you can control them.

Transportation Costs

Transportation is one of the most important costs you have to pay. A 2015 survey showed that people spent $527 on transportation when starting out in their career. Transportation costs rose to $815 after people settled in their jobs. Those with families and mortgages spent $912. Here are a few tips on how your family can save some money on transportation:

Work Closer to Home

When looking for a job, select one that is close to where you live. If you are renting, consider moving closer to where you work. You can walk to work if the distance is rather short. It is healthy, and you will save money. Plus it is environmentally friendly. You and your family can also choose to cycle to work. Or you can use public transportation. Your car or cars will remain parked five days a week. The savings on gas can be significant.

Share Transportation Costs

You can share transportation costs with some of your colleagues. Sometimes, you may not find enough likeminded people at work. Use sites like CarpoolWorld to find other interested individuals. This site helps people find others headed their way. Married people can save on gas if they could share a car to work. Commuter students in the family could help reduce transportation costs through carpooling.

Work Remotely or Start a Home-Based Business

Working from home can save your family thousands of dollars annually. Some employers will allow their people to work remotely. Ask; your boss might just say yes. If this will not work for you, you can always start a home-based business. Many people in the world have chosen that path, and it works for them.

Maintain Your Car

Some people claim that newer cars have better fuel economy than older ones. However, some experts believe a well-maintained vehicle can perform just like a new one. That said, you may want to buy a new car at one of many car dealerships in St. George, and properly maintain it. While you may not save on gas, you may spend less on car repair and maintenance.

Saving money is a worthwhile goal. The amounts you will save from the strategies above may not make you rich. But the savings can add up over time to a significant figure. You can invest the funds to increase your wealth.

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Integrated Family Community Services is a 501(c)(3) non-profit organization.

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IFCS’ Tax ID # 84-0579740