9 Tips to Save More On Fuel Costs
Tips to Save More On Fuel Costs Listed below are some tips which will help you save more money by cutting down the fuel costs.
9 Tips to Save More On Fuel Costs
Listed below are some tips which will help you save more money by cutting down the fuel costs. If the recent slump in economy has hit you hard,
these tips will definitely be very handy & provide some valuable cash, which can be diverted for other important expenses.
Use public transport: Where possible, opt for the public transport system. Most companies operate buses for the benefit of their employees. Such shared modes of public transport will be much cheaper than driving your own car.
Car Pools: Where buses are not available, start a car pool with friends and neighbours traveling in the same direction. Encourage the kids to take the school bus or van, or start a children’s car pool for school and other extra-curricular activities.
Multi-task: Combine visits so that you don’t have to make individual trips back and forth. Whether it’s for work or for household activities, try and group errands together to avoid multiple trips. Additionally, consider options like tele-video conferencing and web conferencing, instead of personal meetings.
Work from home: If on your own, or if your work environment permits, you can try to work from home at least once a week.
Use your old two-wheeler: If you have your old scooter or motorcycle, you might find it convenient to use it two or three days a week.
Consider walking or cycling: Before you take your car out think twice. Avoid driving your car when you can walk instead. Maybe you can even considering riding your bicycle.
Buying a new vehicle: If you are considering buying a new vehicle, check for fuel efficiency. Don’t blindly fall in line with what the salesman says – ask your friends or colleagues if they own the same car. Check around and go in for one which will give you good mileage. Ideally a fuel efficient car should give you a mileage of 15 Kilo-meter per litre on city roads and 17 Kilo-meter per litre on highways. A bigger car may look great but it might be more expensive to operate.
Used car: If you absolutely must buy a car, consider buying a used car. It will cost you a fraction of the price of a new car, and the motor insurance will be cheaper as well. But, be sure you buy a car that has been factory approved or that it is no more than 3 years old, otherwise you might end up with a faulty car or one that needs constant repairs.
Road tax: Road tax is cheaper when bought in an individual’s name rather than in the name of a company or firm. So, closely held companies and firms should buy cars in the name of the partners and directors.
Things to remember
Regular maintenance and good driving habits can cut your fuel bills by up to 25%
Consider other fuel options like diesel or CNG
Opt for public transport and car pooling where possible. Walk or use the bicycle where possible
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Addi Sharma is a well known author and has been writing content for iTrust. iTrust is the leading personal finance portal in India providing excellent financial planning, real estate services, and best home loan in India.
