Steer Your Way to Savings

Finance Related

Cars are renowned for being money munchers. It’s a well worn statement that a car starts depreciating in value the moment you drive it out of the dealer’s driveway. And other than a house and kids, there’s probably nothing else that costs as much to keep. But that doesn’t mean there aren’t ways to reduce those costs.

1. Use your legs

Not like Fred Flintstone used his legs to power his car. Use your legs to walk short distances. Too many of us jump in the car to drive to the nearby shops or visit a neighbour a couple of streets away. Not only will you save on fuel, you’ll be preserving those parts of your car that shake and shudder and pop into action every time the car is started. And you’ll be fitter and healthier – which is always a good thing.

2. Travel at cruising time

Everyone hates rush hour. You limp along in the traffic, stopping and starting and becoming frustrated. And no one hates it more than your car. Cars love to cruise at a steady speed – they use less fuel and it’s less stressful on their parts. So whenever possible, make appointments that mean you don’t have to drive at peak periods. It’s a great way to save money, and wear and tear.

3. Look after your car

Look after your car and it will look after your pocket. Regular services keep your car in check. Small problems are dealt with before they become major problems. If a service uncovers a problem with your engine it can be fixed with the replacement of a couple of parts. Keep driving without having it seen to and you’ll be up for thousands – and you’ll be ruing the fact that you didn’t get it serviced when you were supposed to.

4. Buy petrol when it’s cheap – not when the tank is almost empty

Don’t drive past petrol stations when they are advertising cheap petrol. Pull in and fill the tank – even if it’s three-quarters full at the time. If you get into this habit, you may be able to save hundreds of dollars a year, and it’s so easy – just keep an eye on those petrol prices.

5. Rotate your tyres

Front tyres wear quicker than back tyres. So learn how to change your tyres and a couple of times a year swap the front tyres with the back ones. This might enable you to get a lot more mileage out of them before they need replacing.
Heed the tips above and you might find yourself with more to spend on … well, the house and kids.

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