Gas Pump Saving}

Gas Pump Saving

by

David Williams 2

So, that being said- where is the first place that people often look when they are trying to cut costs? Their vehicle. It almost seems like a crime at times when you go to fill your vehicle up with gasoline and realize that the gas prices have gone up yet again. Remember that summer a few years back when gasoline prices were literally through the roof. While we haven’t returned to the point of debating whether or not to use our savings to purchase a half a tank of gasoline or a week’s worth of groceries, the economic crisis where vehicles are concerned has certainly done its job to shake people up.

Now, instead of booking the next flight to go on vacation with family and friends, people are thinking long and hard and are opting instead to park their vehicles and take a staycation instead. We find ourselves becoming angry with gas station owners who we believe are the sole people responsible for hiking up gasoline prices despite the fact that the cost of oil is not a reflection of the price that we always seem to wind up having to pay. In order to save money at the gas station, the only solution is to drive your vehicle less. In order to make this happen, we have a variety of options available to us which range from carpooling, downsizing our vehicle, parking our car and getting more exercise instead (I.e. walking, cycling, running, etc.) or taking mass transit (which may or may not be feasible depending on where you live).

The bottom line, however, is that owning a vehicle in general is really expensive. If you sit down to think about it, when you buy a car, you aren’t just paying the sticker price. Unless you are carrying around upwards of $25,000 in cash on you or in liquid assets, chances are that you are going to be using some sort of a leasing or financing plan to pay off your vehicle over a certain period of time. This means that you will have a set amount of money that you have to fork over each month in order to finance that car you’re driving. In addition to this, you also have to pay for car insurance. If you own a new vehicle or if you are a male between the ages of 18 and 35, then plan to spend A LOT of money in this area. However, if you can get away with purchasing a used vehicle, your insurance shouldn’t cost you that much. Finally, many states have some sort of a vehicle tax that gets paid annually. I found this one out the hard way when I first bought my Jeep in the state of North Carolina. Let’s just say that I was already riding a fine line and hadn’t budgeted for any additional funds going towards my vehicle.

The most practical way to cut costs is to alter the way that you drive. For instance, don’t tailgate other people, drive the speed limit and opt to go out during the day or evening when you know traffic won’t be as congested.

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