Money Management 101: How to Create a Gas Spending Budget and Stick to It in 3 Easy Steps

Gas prices seem to increase more and more nowadays. If you have to work out your monthly budget it is important to include a calculation of your monthly spend on gas. This will allow you to see not only how much cash you need to put aside for traveling to work and back, but also what you can save on more eloquent trips over weekends.

Infographic designed by Canadian Fuels

Ditch the Vehicle and Switch to Public Transport

Even though you’ll still have to pay for public transport, you will be saving a whole lot of money when you decide to make that switch. This tip is easy to stick to, as we find that most people quite enjoy the daily commute via tram, train or bus. Not only are you saving money, but you are also spending less time behind a wheel. Or, you could…

Buy a Vehicle That is Light on Gas Usage

Even though ultimate saving means minimizing driving time and distance, if you own a car that is fairly light on gas, it could literally save you hundreds, depending on your usage, of course. Another way to save on gas would be to simply only drive when absolutely necessary. Or you could buy a bicycle and voila! No gas spend for your daily commute. And then, of course, you could also simply…

Minimize Driving Distances

This one is kind of a no-brainer. And yet, it could be difficult to implement this tactic. If you love traveling over weekends or going on that little breakaway every now and then, that is fine. But why not try to explore places in your immediate vicinity? If you have calculated how many miles you get on a gallon, it should be easy to calculate the distance you are able to afford to drive extra every now and then.

Sticking to a budget can be difficult. Planning for the unplanned even more so. But these simple tricks should give you some ideas on how you can easily save money on your gas usage.