But one way many people don’t think of could potentially be higher up on their priority list. Consider the money you might save by paying closer attention to the ways that you get around; that is to say, your driving options.
Have you considered owning a motorcycle? What kind of car do you have: is it electric or gas powered? If you’re in an urban area, do you choose to take a personal vehicle or have you tried public transportation? For an extreme cost-saving measure, you could think about commuting by bicycle, skateboard, or even scooter.
The Motorcycle Option
For a relatively easy adjustment to a lower-cost method, you might turn in your car and buy a motorcycle. If you’re not already licensed to ride a bike, there are some additional processes that you have to go through for that.
But if you get to a dealership, you naturally want to test-ride a motorcycle to see if it works with your body type and your skill level. But once you do decide to make that leap, you’ll find you can save a ton of money on various expenses.
Electric vs. Gas-Powered Cars
It can be tricky to determine the cost-effectiveness of an electric car versus a standard gas-powered one. Electric vehicles are typically more expensive to begin with. And some costly options and issues can surface in terms of upkeep.
But depending on the style of your commute, you can save a tremendous amount of money on gas in the long run. It’s all about planning over time to maintain a budget from that perspective.
Personal Vehicles or Public Transportation
If you live in an urban area, then you are plenty familiar with some of the costs associated with owning a car there. You have to pay more for registration. You have to spend a lot more for parking. Getting stuck in traffic wastes time and money.
To get away from all those additional costs, you could use public transportation to cut as much as 90% of your travel budget. Obtaining a subway card or a bus pass is a huge step in the right direction toward cutting costs and test driving new ways to save money on transportation.
Bicycles, Skateboards, and Scooters
If you don’t have to go very far, you can use a bicycle, skateboard, or scooter to your advantage. All of these methods of transport require some skill and practice to get used to using effectively.
But once you do, you’ll dissipate a lot of anxiety about the cost of getting around.