CFI Blog

Best & Easy Ways To Save Money On Your Commute

Every day, millions of us hop in our cars, board trains, or catch buses to get to work. It’s an unavoidable part of life for most, but the costs can quickly add up. What if I told you there are ways to make your commute less of a drain on your wallet?

Evaluating Your Current Commuting Costs

Evaluating Your Current Commuting Costs

To reduce the burden of your commute on your wallet, it’s imperative to first analyze what’s currently draining it. Let’s dive deeper into this exploration.

Identifying Your Major Expenses

As the first step in evaluation, you must identify your primary commuting expenditures. Consider elements like gas price, vehicle maintenance, tolls, and parking fees if you use a car. For public transits such as buses or trains, think about ticket prices and the cost of getting to and from the station.

Putting these figures down side by side allows you to see the ones that weigh heavier, reserved for attention in our cost-cutting venture. Here’s an example:

Expense Item Monthly Cost ($)
Gas 150
Vehicle Maintenance 100
Tolls 20
Parking 50
Bus/Train tickets 60
Commute to Station 15

Recognize other significant drains too – the less obvious ones. For instance, the constant buying of fast food because you didn’t have time to prepare breakfast due to early commute.

Comparing Costs of Different Commute Methods

Post identifying your primary expenses, it’s time to contemplate alternative commute methods and compare the costs.

Examine options like carpooling, cycling, or even walking, considering your health, distance to work, and weather conditions. Explore services like Uber, Lyft, or Zipcar as alternatives to car ownership, particularly if you live in an urban area with high car expenses.

Chart out the respective costs for these alternatives, as demonstrated below.

Commute Method Monthly Cost ($)
Carpooling 70
Cycling 10
Walking 0
Uber/Lyft 100
Zipcar 120

Evaluating major expenses and comparing commute methods take you further into optimizing your daily journey. Coupled with the prior insights on the strains of commuting, this knowledge forms a firm foundation for the incoming cost-saving tips.

Read More : Tips-for-saving-money-on-holiday-shopping

Opting for Public Transportation

Opting for Public Transportation

In the quest to reduce commuting costs, a great alternative that’s, often, less recognized is public transportation. Relying on systems like buses and trains can lower daily commuting expenses significantly. They offer numerous advantages, presenting affordable and convenient options for daily travelers.

Benefits of Buses and Trains

One major advantage buses and trains hold is cost-effectiveness. For instance, rather than paying to refuel a car several times a week, one could buy a cheap monthly pass for bus or train rides. Other savings include the steep costs associated with vehicle insurance, maintenance, and parking fees.

Public transportation also lessens the strain on infrastructure and the environment. Lesser vehicles on the road mean reduced traffic congestion and air pollution. In cities such as New York or San Francisco, buses and trains run frequently, making it easy for commuters to get around without contributing to the gridlock.

Lastly, using public transportation frees up individual time. Commute time can be repurposed into productivity or relaxation rather than focusing on the road. Read a book, get ahead on work emails, or even take a quick nap – possibilities that your car seat can’t offer.

Tips for Finding Discounted Transit Passes

There are numerous ways to find discounted transit passes. Since public transportation is operated by municipalities, there are usually various discount campaigns hosted by city councils. Regularly checking their websites can yield details on these potential savings.

Also, if you’re a student, senior citizen, or someone with disabilities, you can qualify for reduced rates on public transportation. These discounts, part of the fare programs of many transit authorities, can make commuting via public means even more economical.

Some cities offer discounts or free transfers for using multiple types of public transportation within a certain time frame. For example, in Los Angeles, a Metro fare allows you to ride any Metro bus or train within two hours of first tapping your TAP card without paying again.

Embracing buses and trains for commuting isn’t just economically wise but also environmentally friendly. And with a few savvy tips, you can bring those costs down even more. Being a bit proactive and staying informed can lead to substantial savings on your daily commute.

Read More : How-to-save-money-on-insurance

Embracing Carpooling and Ridesharing

Embracing Carpooling and Ridesharing

Switching from individual car use to carpooling or ridesharing represents a practical approach to decrease commuting costs. Besides saving money in your twenties, these methods also contribute to easing traffic congestion and reducing carbon emissions. Here’s how to organize a carpool and utilize rideshare apps effectively.

How to Organize a Carpool?

Carpooling, the practice of sharing a car ride with others traveling to the same or similar destinations, is an efficient way to cut down on commuting costs. Here are the steps to set up a successful carpool:

  1. Identify potential participants: Start by looking amongst coworkers, neighbors, or school parents who share a similar schedule and route. Social media platforms and community forums offer another avenue to connect with other interested commuters in the locality.
  2. Set a schedule: Once participants are on board, it’s crucial to coordinate schedules. Using an online shared calendar enforces transparency about departures, arrivals, and possible changes.
  3. Design a route: Using GPS systems or maps, define the most straightforward, energy-efficient route that accommodates all pick-up and drop-off points.
  4. Determine costs: Based on the distance traveled, fuel economy of the vehicle used, and current fuel prices, calculate the sharing expenses. It’d be fair for all carpool participants to chip in, excluding the driver, who provides the vehicle.
  5. Establish a communication method: Determine how the members will communicate – whether by phone, email, or a messaging app. Regular communication will ensure everyone stays informed about schedule changes or other updates.
  1. Choose shared rides: Apps like UberPool and Lyft Shared allow passengers heading in the same direction to share a ride and split the cost.
  2. Use off-peak hours: Most rideshare apps increase prices during peak demand hours. Traveling during non-peak hours can significantly cut costs.
  3. Consider a rideshare pass: Some services offer monthly passes for regular riders, which can be a cost-effective option if using the app frequently.
  4. Leverage promotions and referral programs: Many rideshare apps offer promotional discounts or credits for referrals, which can provide significant savings.

Switching to Biking or Walking

Switching to Biking or Walking

Transitioning from a car or public transportation to biking or walking presents significant health benefits and substantial savings. It’s a choice that cuts commuting costs dramatically and carries potential for enhancing physical fitness and reducing stress levels.

Health Benefits and Savings

Trading four wheels for two, or even choosing to travel on foot, presents tangible health benefits. Regular cycling or walking exercises the heart, reduces fat in the bloodstream, and helps control weight. For example, an average person cycling at a moderate pace burns 500 calories an hour, which equals one pound of fat every seven hours of pedaling. Walking, moreover, is a low-impact exercise that increases muscle strength and endurance, while enhancing coordination and balance.

Switching to biking or walking not only fosters fitness, but also contributes to significant savings. Without frequent petrol refills, parking fees, maintenance costs, and insurance premiums, commuters switching to these modes can save an average of $9,000 per year, as claimed by the American Automobile Association.

Safe Commuting Practices

As with any mode of transport, safety comes first. Bikers, in particular, need to pay heed to traffic rules, ride in the direction of traffic, use bike lanes when available, signal their intentions, and wear safety gear. Wearing a helmet, for instance, can reduce the risk of head injuries by up to 85%.

For those opting to walk, staying on sidewalks, using crosswalks or intersections, and avoiding distractions like electronic devices are crucial practices. A report from the Governor’s Highway Safety Association cited that in 2017 alone, nearly 6,000 pedestrians were fatally injured in traffic crashes in the US due to distraction-related incidents.

Overall, the benefits of switching to walking or biking for commuting extend beyond dollar savings. They offer an excellent opportunity to bolster health and well-being, reduce carbon footprints, and imbue daily routines with purposeful physical activity.

Read More : How-to-save-money-on-childcare

Utilizing Telecommuting Options

Utilizing Telecommuting Options

Along with the traditional transport alternatives, one impactful way to save on commuting costs hinges on the emerging trend of telecommuting, also known as remote work. This approach doesn’t just mitigate commuting costs but also contributes to decreasing carbon footprints and reducing traffic congestion.

Negotiating Work-From-Home Days

Suggesting work-from-home arrangements to employers may present an excellent opportunity to cut commuting costs. To embark on this, firstly prepare a solid case detailing how such a setup won’t detract from productivity or work quality. For instance, make use of factual data from sources like Global Workplace Analytics that states businesses can save around $11,000 per year for each employee who telecommutes half of the time. Moreover, present your expected schedule, anticipated challenges, and proposed solutions to demonstrate your readiness to work remotely. Remember, it’s not a demand; rather, it’s a negotiation. Therefore, being open to gradual implementation or trial periods can increase your chances of success.

Tools and Tips for Efficient Remote Work

Once you have the green light to telecommute, employing the right tools to ensure efficiency in remote work setups becomes paramount. Start by setting up a designated workspace. This should be free from distractions and equipped with necessary tools such as a reliable internet connection and technology like laptops, mobile devices, or headphones. To further boost productivity, consider utilizing project management tools like Asana or Trello, communication platforms like Slack or Teams, and automation tools like Zapier. To keep a healthy work-life balance while telecommuting, stick to defined work hours, take regular breaks, and devise an effective system for separating personal life from work. Adopting these steps can indeed make the transition to telecommuting smooth and efficient.

As more employers are embracing this arrangement due to the advancement in technology and the growing culture of remote work, leveraging telecommuting options can be a viable method to greatly minimize daily commute costs while also promoting a more sustainable lifestyle.


So there you have it. We’ve explored a host of strategies to trim down those pesky commuting costs. Whether it’s hopping onto a bus, joining a carpool, or strapping on a helmet for a bike ride, there’s an option to suit everyone’s lifestyle. Let’s not forget the health perks of active commuting and the environmental benefits these choices bring. Telecommuting has also made its mark as a game-changer, not just for our wallets but also for our planet and quality of life. It’s clear that with some creativity and flexibility, we can all make our commute less of a financial burden. So here’s to saving money, reducing our carbon footprint, and making our daily travel a bit more enjoyable. The ball’s in your court now – which method will you choose to save on your commute?

Frequently Asked Questions

What are some ways the article suggests to cut down commuting costs?

The article recommends carpooling, cycling, and using public transportation like buses and trains as some ways to reduce commuting expenses. Employing biking or walking for daily commuting trips can also result in substantial cost savings.

How does reducing commuter travel influence the environment?

Reducing commute travel, according to the article, can have a significant positive impact on the environment by lowering carbon footprints and alleviating traffic congestion, thereby contributing to a more sustainable planet.

Can biking or walking for commuting have health benefits?

Yes, the article details that biking or walking instead of driving can greatly enhance your overall health. Both activities promote physical fitness, reduce stress, and enhance mental well-being.

What is telecommuting and how can it help cut commuting costs?

Telecommuting, as defined in the article, involves working from a location outside a traditional office, often from home. This can significantly reduce or even eliminate commuting costs, diminish carbon footprints, and relieve traffic congestion.

What tips does the article provide for efficient remote work?

The article suggests negotiating work-from-home arrangements with employers and underlines the importance of a correctly set-up remote workspace and maintaining work-life balance for an efficient remote work environment.

How does embracing telecommuting options support a sustainable lifestyle?

Embracing telecommuting reduces daily travel, contributing to cost savings, less traffic congestion, lowered carbon emissions, and a better work-life balance. These factors, according to the article, align with a more sustainable and environmentally friendly lifestyle.

Author Profile

Kathy Hardtke
Kathy Hardtke
I am thrilled to have been invited to blog about my experiences trading stock and options with Rich Dad.  Since 1998, when I picked up my first Rich Dad book “Rich Dad Poor Dad”, I have been hooked on Robert and Kim’s philosophies on becoming financially free through investing.  Their books and courses have changed my life as well as my daughter’s life, whom I am now teaching all I have learned about trading stock and options.

My experience has been in the real estate and finance industry for 20 years.  I was a Realtor with ERA, a Mortgage Loan Officer with Bank of America, and a Financial Advisor with Morgan Stanley.  Each time I chose a career that I thought I would get “the inside track” on investing and each time I learned it was just a “job”, although very good job and I was lucky enough to enjoy my career.  Simply put, these jobs would only get me a paycheck but never take me to financial freedom and the dreams and lifestyle I was looking to achieve.

With that said, I have no desire to make millions to have expensive “things” but I do have a dream to not only become financially free for myself and my family but also for others.  I started an organization called GROW Africa to help others.  We build wells in the farthest reaches of the earth in the bush of Zambia.  The women and children have to walk up to 4 hours each way to carry as much water as they can carry back.  I thought that was such a basic human need, that I felt I needed to do something about it, and did.

What is super cool about the training I received through Rich Dad Education on trading stocks and options is, now that I am educated on the Rich Dad stock trading system, I can trade anywhere in the world, including while I am in remote Africa building wells, providing water for those with little or none, as long as I have a power source and a satellite internet card.  Now that is freedom!

I am looking forward to sharing my experiences about trading stocks and options and walking with you on the path to financial freedom.  This is a process of building your wealth consistently over time, then passing it on to your children creating generational wealth.  I wish you all success and can’t wait to hear some of your stories of success as time ticks on!

Leave a Comment