5 Practical Ways to Save on Commuting

This guest post was written by Dean Sherwin, owner of the blog Art of Stinginess. His blog features daily tips, tricks and lifestyle design guides which aim to save you money.

Very little is free in this life, yet by being stingy or at least by following some very simple guidelines we can easily cut back our expenses. One expense that many of us have is commuting. It can be a pain shelling out to get to a place just to earn money, can’t it?

Or maybe it’s not a job you commute to, maybe it’s college. In that case chances are you’re a student looking to save every penny you can. Here are some tips so you can do just that.

Public Transport

I for one used to cringe at the thought of getting public transport. The mere image of late buses or standing in the cold waiting turned me off. But then one day I did some calculations and the amount I would save as opposed to driving was astounding. I guess you could say I was rapidly converted.

Plus, you can use the time on your commute for other things rather than just mindlessly staring out the window. Many people take out a laptop and do some work. Others listen to music or watch TV shows on their MP4s. Public transport is what you make of it and by putting in the effort you can make it into that little bit of ‘me time’ we all like.

Use Your Status

Young People, Senior Citizens, Students, Civil Servants and other such members of our society are almost always entitled to discounts when it comes to transport. You have that I.D. for a reason so use it.

Discounts can go up to 40% or can wave the fare all together depending on where you live. So why pay extra when you don’t need too?

Cycling or Walking

Still, why pay anything at all? For those lucky enough to live within walking/cycling distance of their jobs, why not walk instead of taking your usual method. This way it won’t cost you a dime.

Once again you can listen to your MP3 player or just enjoy the stroll before the long working day starts. It’s great exercise and it’s good for the environment. (I even hear many life insurance policies are starting to lower their premiums for people who commute by walking or cycling so you could save even more money).

Car Pooling

Public transport or hoofing it might not always be on the cards. It could be pouring down rain or you may not live near a bus route. So car pool with your fellow employees who live close to you!

You’d be surprised how popular this is becoming. With the rising cost of gas and car insurance, many co-workers take joy in taking turns driving each other to work. Just ask around your workplace or enquire with HR to see if there’s a program already up and running.

Tele-Commute

If your job can be done from home (maybe you’re a designer, writer, programmer etc…) why not ask your boss if you can work from home 1-2 days per week? It saves on your commuting costs and it increases your quality of life. Plus with E-Mail, file sharing and Instant Messaging it’ll practically be like you’re at the office!

Many jobs are now making this an standing invitation as it pleases their employees and saves on their operating costs (electricity, phone etc…). Normally they will subsidize (to a certain extent) your own costs of a home office.

By implementing just one or two of the above tips you could potentially save hundreds of dollars per year. That’s good spending money for you vacation, right?

November Investment Income – $89.13

My November investment income rose to $89.13 from $85.24 the month before. This was all from the value of my portfolio increasing as I didn’t add any money to my portfolio in November. I won’t be adding any money this month either so it will be up to the market to increase my income.

Disclaimer: This is not my actual investment income. To get this figure I first add up my retirement savings, emergency fund, and any other money I consider permanent savings. What the total of my savings would earn at 6% interest for a month is my monthly investment income. My goal is to get this amount to $1000 a month. If I have $1000 in monthly passive investment income I will be able to retire early.

Challenge Winners: Cash or Gift Card?

There doesn’t seem to be a clear consensus on how the $500 should be distributed but it does seem like most are in favor of everyone receiving a small prize and having one or two big prizes also. There have also been a few people suggesting I give the money to charity. I don’t want anyone to feel pressured into giving their share to charity though. If you want to give your share to charity, contact me and let me know, otherwise your share will go in the prize pool.

I’m going to start by giving everyone either $10 cash via PayPal or a $10 Amazon gift card, whichever you prefer. Luckily, I have built up a bit of credit on Amazon by redeeming gift cards from SwagBucks. It will probably be a week or two before I can contact everyone. If you want to leave a comment with your preference on this post I will give you priority. Please use your same name and email so I can verify your identity.

If you do opt for an Amazon gift card I would appreciate it if you would do your shopping through the Amazon link in the sidebar to the right of this post. That way I will make a little bit of the money back. 🙂

****This giveaway is only for those who entered the $500 weight loss challenge back in May. If you aren’t one of the entrants please don’t comment on this post. Thanks.

November Income – $357.16

Here is a breakdown of my income for November.

Online Income

$219.37

Interest

$57.36

Stock Dividends

$14.83

Bonuses

$50

Mystery Shop

$8.00

Survey/Cashback

$7.60

Total

$357.16

My November income was pretty poor. It was mostly passive income at least.  It shouldn’t be any problem increasing my income this month. I already know my online income will increase due to scheduled Adsense and affiliate payouts. Dividend income will increase since many of my stocks pay dividends this month.  I will also have job income which should help although I probably won’t be working a lot of hours.

November Expenses – $1098.55

Here is a breakdown of my expenses for November.

Household

$440.61

Entertainment

$76.98

Transportation

$118.99

Food

$160.25

Health

$90.66

Phone

$46.06

Debt

$165.00

Total

$1098.55

I wasn’t too far off my goal of keeping my monthly expenses under $1000. Considering I moved into a new apartment this expense level is reasonable. My food category was pretty high which isn’t surprising since I had at least 30 restaurant meals during the month. That category should be much lower this month.  I might be able to shave a little off my entertainment budget.  My transportation expense will go up because I have to do a lot more driving now that I have a job.  Everything else should stay about the same.

If you are eligible for part of the $500 giveaway I would still like to hear your opinion on how to distribute the money.