5 Ways to Cut Your Commuting Costs

Development and Investment Analyst – New York, NY

Strategic Planning Analyst – New York, NY

Junior-Level Private Equity Professional – New York, NY

Institutional Equity Sales – Philadelphia, PA

Financial Analyst, Technology – San Francisco, CA

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Not everyone has the luxury of working from home, which has as one advantage: the fact that you don’t have to brave rush hour traffic to or from the office.  Perhaps more of a headache than long hours on the road, however, is the amount of money it costs to shuttle yourself to and from work.  Here are a few suggestions for cutting costs on your daily commute.

Be More Fuel-Efficient

There are many ways to be more fuel-efficient that don’t just include purchasing a fuel-efficient car – which is a great solution.  Make sure to keep your car in good shape, as a vehicle that runs properly and has good tires will use less gas.  Check the air pressure in your tires, because the difference between right and wrong can cost you a few miles per gallon in fuel. Also consider taking unnecessary items out of the trunk or back seat of the car, since your car uses more gas the heavier it is.

Carpool

A simple solution to reducing commuting costs is to carpool.  Figure out whom from your office lives near you, and take turns driving to work.  If you can’t do this, search the myriad of websites that coordinate carpools for people in your area.  Not only will the drive be less expensive – it will also be less lonely!

Public Transportation

Not every city has great public transportation like New York City.  But if you have the option, consider using it.  You’ll save a lot of money over time, and sometimes your employer will offer to cover the price of a monthly or annual pass.  If you’re worried about having to leave earlier or the commute taking more time, remember that it’s much easier to read or work on other projects while on the train, bus, or subway.

Lower Your Car Insurance

When you commute less, your insurer will often lower your rate with a special low-mileage discount.  Do some research and determine what kinds of savings you can reap, and make sure to inform your insurance company of any commuting changes you make.

Bring Coffee From Home

If you buy coffee or breakfast during your commute, it could be a significant part of your daily spend. Instead of spending $2 to $7 dollars everyday on a coffee purchased during your trip, make your coffee at home and bring it along in a reusable travel mug. Bringing breakfast from home instead of purchasing it during your commute will save you even more money.

When you start looking at the bigger picture when costs add up, it’s frustrating to see how much you have to pay to go to work.  But there are multiple simple solutions you can take that will save you money.

Until next time,

Team Doostang

Development and Investment Analyst – New York, NY

Strategic Planning Analyst – New York, NY

Junior-Level Private Equity Professional – New York, NY

Institutional Equity Sales – Philadelphia, PA

Financial Analyst, Technology – San Francisco, CA

More Great Jobs on Doostang

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