Thursday, September 9, 2010
As you can see from previous postings, one thing 'A&G' really strives to do, is to show ways a person can save money without really having to change their lifestyles in any dramatic fashion. I felt this was something important to stress mainly because really no other financial site or blog takes the time to do this, and I observe so many who are stressed for money and how that affects them emotionally and psychologically. 'A&G' will never give financial advice or tips as to how to be a millionaire or best places to invest money. The internet is full of websites pushing get rich quick schemes and investment traps (Wall St. Journal is a good place to start). Here at 'A&G', the focus is and always will be on individual empowerment and control of one's buying choices. That said, lets move on to the focus of this posting.. how to save $$ on gasoline.
There's many obvious ways a person can save money on the price of gas.. find the cheapest gas station, get lowest grade gas (assuming vehicle doesn't require premium), buy a more fuel efficient car, use public transportation, etc... All is well and good.. But I will focus instead on the cost differential per year if you drive just a tiny bit less.
Let us say it costs $45 to completely fill your tank and is done like clockwork every 7 days. Over the course of a full year, your gasoline expense come to $2,340. Now, let's assume you can cut back on non-essential driving just enough to stretch the length of time between gas station visits to 8 days instead of 7, and do this for a full year, that is 45 trips to the gas station vs 52 trips, and your total gasoline expense equals $2,053. That is a savings of $287 over a full calendar year which is in your pocket, not the gas station's.
To end this post, I want to try to tie in previous postings to show how much $$ a person can save by making minimal cutbacks in one's lifestyle that does not dramatically or adversely affect the quality of life in doing so.
* $287.00 - Getting gas every 8 days vs. 7 based on $45 per tank
* $166.50 - Cutting back smoking by 2 cigarettes/day to 18 vs a full pack of 20
* $134.68 - Choosing water instead of soda ($2.59) when dining out once/wk.
* $104.00 - Tips - $40/meal dining out- afternoon vs evening (15% vs 20%)
$708.36 - Yearly Savings ~ What would you do with an extra $708.36?
Posted by Susquehanna at Thursday, September 09, 2010