For most of us, transportation takes up a large portion of our budget. If you are looking to cut your spending to the bone, Tina can help you, with some great ways to get around on the cheap. Ready to see what they are? Start reading and see which ones will work the best for you.
A bike is a great way to get around if you want to save some money and live a healthier life. The average speed of an amateur cyclist is about 10 miles per hour. So, anything that you want to get to in a five mile radius is within a 30 minute bike ride. This is perfectly acceptable travel time.
If you want to start bike riding to cut your travel expenses, you can do so for as little as a 100 dollar investment. Spend $20 on a quality and comfortable bike helmet, safety first, and then the rest of your money on a used bike from Craigslist. You can easily score a bike that originally cost 300 dollars or more of less than 80 dollars. Resale value on bikes are low because so many people buy them to get in shape and then lose the desire. Pick up a great deal and use it to save money. Getting in shape is just a side benefit.
An electric scooter has become a very popular choice among commuters. It is so popular that rental companies are even offering them now. With an average speed of up to 20 miles per hour, this can get you in range of anything up to 10 miles away in just 30 minutes.
If you want to start taking advantage of the scooter, you can buy one new for about $400 or you can rent one for about 20 cents a mile. Rental might be the easier route if you live in an area where you can get them. No maintenance and a low overhead make it a great option.
You can go anywhere that a car can go, weather permitting, with a motorcycle. It can be a major money saver for two reasons. One, insurance is usually cheaper and two, gas is much cheaper. An average motorcycle will get about 60 miles per hour or double that of an economy car. If you want another reason to consider a motorcycle, look at the maintenance. You have a smaller engine with less parts and half the tires.
If you start with the used market, a motorcycle can cost you as little as $2000. I have even seen quality bikes for as little as 800 dollars. A cheap form of transportation for sure. . Insurance will also be extremely cheap, costing about 200 to 400 dollars a year or about a third of what it would cost to insure a full sized vehicle.
Set a route and take turns driving. It might take a little longer to get to work but you get a little extra time to socialize with your coworkers. In addition, you get to break up the cost of fuel, tolls and wear and tear on your vehicle.
The biggest cost in starting a carpool is time. It takes time to organize and get enough people to be interested in it. For the best results, you would want to maximize the car carrying capacity. This means that the best sized car pool would be one made of four to five people. This spreads the vehicle expense over a larger area and gives you the best savings.
For the low low price of a bus pass, you can get just about anywhere. Leave the driving to public transit and you can see a number of benefits. Sure, you will have to leave a little earlier for work but you will save on insurance, gas, maintenance and a car payment entirely if you fully commit. Plus, instead of driving, you can use the time to read, get some work done, catch up on social media or a number of other things.
A month long bus pass will cost about $70 depending on where you live. This can be a steal when you count the cost of a car, maintenance, insurance and gasoline. If you really want to maximize your money, riding the bus and ditching your vehicle is the way to go, you can ride all year for less than 1000 dollars, hard to beat.
If you live in an urban area, a subway can be a great asset. Cheap, convenient and efficient, it is the envy of everyone that does not have access to subterranean travel.
Get a subway pass for a little over 100 dollars a month and travel anywhere in the city on the cheap.
You will have to be fairly close to your destination to pull off walking but at an average speed of 4 miles per hour, anything within two miles is within a half hour walk. You can’t beat completely free transportation and if your commute to anything is under two miles, walking should be a strong consideration.
Price wise, walking is the best way to live on the cheap. If you work, live and play in a few mile radius, why would you consider anything else. No cars or public transit to pay for makes this a great way to stretch out that budget.
Tina’s Final Word
Transportation costs represent a huge portion of your budget. As American’s, we wrap a lot of our own personal value into the vehicle that we drive. This is something that leads to a lot of gross over spending and it is something that needs to change. Not only is it financially responsible to thing about how we get around, it can also be environmentally responsible. Decisions that are good to us in the pocket book are often good for the environment as well. Save the earth and save yourself financially at the same time. Win, Win.