Owning a car has always been a big expense. Between the cost of the car, the gas, and maintenance, every expense adds up.
But this year, with rising living costs, cars have become even more expensive. The cost of a used car has increased by 40.5% and gas prices have also increased, putting pressure on your finances.
So what’s the answer here? Get rid of your car? It doesn’t have to be the case. Bring your auto outgoings down with these family car tips that will save you money.
Consider trading in for a cheaper model
There are a lot of things to consider when it comes to choosing a car. While you might prefer a certain type of car, what looks good isn’t always what’s best for your family. When you choose a family car, you should think about things such as the size, how much storage there is, and how economical it is to run.
With the cost of bills going up, you might find that your car is something you no longer want to spend so much money on. The good news is that you could find a cheaper deal that will help you save money, and still enjoy a nice car. With a reduced monthly outgoing, you can free up money to use towards your other expenses.
Be kind to the environment, go electric
Electric cars are becoming more popular, especially for families that only really need a car to travel short distances. An electric or a hybrid car gives you the chance to save money on gas, and run a car that’s better for the environment. Electric vehicles can be cheaper in the long run, helping you to save money on the running costs. If you want to make a comparison, take a look at how much it costs to run a car and see the difference between running a gas-powered car versus an electric one.
Get the best insurance deal
Car insurance can cost you a lot each month. But there are some ways you can save money on your car insurance to help bring those costs down. Start by shopping around. At the end of your annual term, see what else is out there and if you could get a cheaper deal. You can also install anti-theft devices, ensure your car is kept in a more secure location, and try using multi-car discounts if you have more than one car in the family.
With a lot of different ways to enjoy insurance savings, you could find your car expenses significantly reduced.
Be a better driver
One of the things that can save you a lot of money on your family car is to be a better driver. By driving safely on the road, you can reduce your risk of an accident and avoid costly repairs or even legal fees. It can also help you reduce your insurance and save on general maintenance costs that can be incurred by careless driving.
An accident can have a significant impact on your finances. Not only will you have to pay to replace or fix your car, but you’ll also have to pay medical bills and even expenses from being unable to work. If you are in an accident, the best car accident lawyer near you can help you claim compensation if the accident was caused by someone else. It’s not something anyone wants to imagine, but knowing where you can turn will help.
Cut down on your miles
If you take the time to think about your car use, you could easily see how much you rely on it for everything. So what would you do if your car was suddenly taken away? Could you still get to work and get the kids to school?
It’s easy to become too reliant on your car, especially if you use it every day. But cutting down on your miles can help you save on your fuel costs, help your car run for longer, and also help the environment. There are a lot of different ways you can reduce pollution from your engine, but driving less is an effective way of cutting your emissions right down.
Why not set your family a challenge to get more active miles in this month? It could help you all think differently about how you use your cars.
Maintain your car regularly
Regular maintenance is another way to keep your costs down. If you wait until a problem becomes severe, it could become a much bigger and more expensive problem to fix. Know what to look out for in case there’s a sign of an issue, and make sure you get it fixed immediately. Learning how to do some basic maintenance yourself can also help with minor issues to keep your car running smoothly.
Keep your tires pumped
Your tires can have a big impact on how your vehicle runs, as well as costs. Get advice on high-performing tires and get the right ones for your car. It’s also important that you keep your tires pumped to the right level, this can impact how much fuel you use, saving you anything from $140-400 a year.
It’s becoming more and more acceptable for people to carpool. Whether it’s for school or work, a carpool system can help your family, and other families, save money on fuel and driving costs. It also means you can take it in turns to drive, which could mean getting rid of multiple cars for your household. It’s worth seeing if carpooling can work for you to help you enjoy those savings.
Cars might cost a lot to run, but that doesn’t make them any less necessary. A lot of people need cars for everyday activities, making getting rid of your car impossible. However, with an approach to cutting down on your car use and changing your approach to your spending, you could find your car costing considerably less over the year. Challenge yourself to save and start saving money on your car costs.