Phil's Personal Finance Tip of the Day:
‘Real Money’: Save Money On Your Daily Commute
ABC News’ Paula Faris reports:
California newlyweds Rob and Lisa Oshima are trying to save money to start a family. But like so many of us, they’re spending too much time and money commuting.
Rob drives 20 miles one way from his home in Orinda, Calif., to his job in San Francisco. It takes him about two hours one way and costs $100 a week. Lisa travels 40 miles to her job in Palo Alto, which adds up to $80 a week. Together, their commuting costs come out to $720 a month.
The Oshimas aren’t the only ones suffering the price of long commutes. Each day, 600,000 Americans travel at least 90 minutes and 50 miles to work with 10.8 million Americans traveling an hour each way, according to the 2013 Census. The average household spends almost $3,000 a year on gasoline, according to the U.S. Energy Information Administration.
But does it have to cost so much? Alex Bayen, a transportation expert and associate professor of systems engineering at U.C. Berkeley, says no. There are secret commuter shortcuts that can help you save.
Tip 1: Change your driving habits. You can save big on your bottom line with a gadget called Automatic. It plugs into your car, tracking your driving and alerting you where you’re burning the most fuel and what easy changes you can make to save the most money.
To read the entire article from ABC News’ Paula Faris :
http://abcnews.go.com/blogs/business/2013/06/real-money-save-money-on-your-daily-commute/
Ninety-nine percent of the failures comes from people who have the habit of making excuses. -George W. Carve
No comments:
Post a Comment