|
Hi Taylor:
We've got a bunch of little family vacations planned for the summer
but I'm worried gas prices will spoil our fun. Any tips for cutting
costs and keeping our plans? - Fred
Hi Fred: If only there was a discount gas store, but alas, there
is not. Every drive hits your wallet pretty hard these days, so you
have to be really intentional with your driving if you don't want
to waste money. Your road trips will be more expensive than last summer,
no doubt about it, but there are still ways to save a buck or two. |
1. Save
now so you can spend later. We waste a lot of time panicking
about an expensive trip, all the while making no effort to save
money during our normal day-to-day. If you're worried you'll spend
an extra $200 on gas in August, how about trying to save $200
on gas and groceries in July? This is where the intentionality
really mattersdon't run three errands when you could consolidate
and go once. Run the AC for the first half of your drive, then
go old school and put the windows down. A lot of small changes
can turn into notable savings if you're willing to put in the
effort.
2. Apps
and rewards. Unless your vacation is dictated by EV charging
stations, you have to buy gas like everyone else. Instead of throwing
your hands up in the air in defeat, take 20 minutes to download
a cheap gas app and look into credit card rewards. The right app
can have you saving $.10 a gallon, which will be significant over
the course of your summer travels. Meanwhile, credit card companies
don't care what the price of gas is, they just want you to swipe.
Some cards will get you two, three, or even five percent cash
back on fueling up. Factor that into the overall cost of your
vacation and things will look a little more affordable.
3. Rent a car. Why pay a rental fee when you already own
a car you're happy to drive? In most cases, it won't seem worth
it, but if you're going to travel 1,000+ miles, driving a hybrid
instead of your SUV might actually merit the daily rental expense.
On top of that, you don't have to deal with the wear and tear
of putting all those miles on your own car. It might sound crazy
at first, but take some time to crunch the numbers. If the expenses
break even but you don't have to put 1,500 miles on your own vehicle,
a rental car might be the way to go.
|
You can't really
find a cheat code when it comes to traveling while gas is expensive.
Instead, you need to set an overall budget for your summer excursions
and then find a way to hit that number. Hopefully, these tips help
you make it happen!
© Taylor Kovar
June 22, 2022
More "Go Far With Kovar" |
Legal Disclaimer:
Information presented is for educational purposes only and is not
an offer or solicitation for the sale or purchase of any specific
securities, investments, or investment strategies. Investments involve
risk and, unless otherwise stated, are not guaranteed. Be sure to
first consult with a qualified financial adviser and/or tax professional
before implementing any strategy discussed herein. To submit a question
to be answered in this column, please send it via email to Question@GoFarWithKovar.com,
or via USPS to Taylor Kovar, 415 S 1st St, Suite 300, Lufkin, TX 75901.
|
|
|