On average, we spend $2,600 in commuting costs. And that’s along with spending nearly 30 minutes commuting — one way — everyday.
Add it all up, and it is a lot of time and money. However, there are ways you can get something back. Here are 10 tips on how you can cut commuting costs.
Get commuter benefits
One of the best ways to save money on your commute is to have your employer start a commuter benefits program. You can save money tax-free from your paycheck to spend on public transit, rideshares and qualified parking. Your employer saves money in payroll taxes. This year, a commuter can set aside $265 per month tax-free so take advantage of it.
Use public transit
In many cities, public transit can get you to work much cheaper than your car when you factor in all the costs like gas and wear-and-tear. Plus, you can use your commuter benefits.
Avoid left turns
Are you a driver? UPS says it saved about 10 million gallons of gas since 2004 by telling drivers not to turn left. This occurs because they don’t have to wait for incoming traffic and can avoid accidents.
Reduce the stress
About 20 percent of Americans say they have a stressful commute, according to Gallup. That takes a toll on your health. Try napping, meditating, reading or another activity that’s going to let you tune out all the noise.
Drive safe
Car accidents. Traffic tickets. The already costly commute can get even more expensive if you are not cautious on the roads.
Park for free
If you can find a free parking spot, even if it is a little ways from the office, grab it. The money spent on parking can add up over the year unless you get reimbursed or have commuter benefits.
Move
Not everyone can move closer to work. However, this is another way to cut down on your commuting costs.
Carpool
Not enough people do it, but carpooling is a great way to cut down your commuting costs. Unfortunately, only about 6 percent commuters do it, according to Gallup.
Want to save money on your commute? Commuter benefits can save $1,157 per year for a non-married commuter making $75,000 and putting aside $265 per month. Discover how much you can save by visiting our commuter calculator.
If you want to learn more about commuter benefits, download our guide below.
