Save Money On Driving During The Cost Of Living Crisis

Tuesday 20th of December 2022 06:00 GMT

3 minute read

Learn how to save money on driving during the cost of living crisis. Get tips on cutting down costs and finding cheaper deals so you can hang on to more of your income.

Saving Money on Driving - Cost of Living Crisis

The cost of living crisis has impacted many households across the country, causing financial hardship and worry. With the energy price cap coming to an end, rising energy prices, essential goods and services, it can be difficult to manage your finances. Fortunately, there are strategies you can implement to help save money during this stressful time. In this article, we will discuss how you can change to your spending habits to cut costs and hang onto more if your income.

Before we get into any tips the first thing you should do is: Identify your financials and set a budget - and stick to it. This will allow you to clearly see where your money is being spent and identify any areas where you can cut back or eliminate costs completely. Additionally, it’s important to shop around for the best deals when purchasing anything from fuel, insurance, car parts, etc. This can be done online or by visiting multiple stores in person if necessary.

5 money saving tips:

Here are five money saving tips to help you navigate the rising cost of living.

1. Don't overload you car

There's nothing unusual with your car becoming a wardrobe on wheels, however, having unnecessary loads in your car is negatively impacting your pocket.

Overloading your vehicle means its weight has increased, this increase whilst it may seem minor; demands more energy to accelerate, brake & even travel uphill!

in conclusion more energy (fuel) is needed to compensate for the extra load.

2. Check your tyres

Keeping an eye on your tyres should be something you keep in mind, as a rule; having poor tyres can quickly become a costly mistake.

A good place to start would be to shop around, look for more economical tyres. Once you have acquired them you should regularly check and maintain the suggested tyre pressure.

Under inflated tyres will cause a significant increase in fuel consumption, caused by the resistance of deflated tyres.

3. Reconsider 'premium' fuel

As you know, simply running a car is an expensive luxury and fuel costs have been a major cause for concern in recent months. Being arguably one of the most expensive running costs. Reducing them would be a noticeable change, but how?

There has been a long dispute over the 'benefits' of premium fuel, however, all vehicles on the road are built with the intension of being fuelled by supermarkets. By law, both premium and supermarket fuels have to conform to the British standard's.

Lastly you can check what fuel your manufacturer recommends, if regular fuel will suffice - don't pay premium prices for premium fuel when it isn't required.

4. Bargain hunt

Like most products cheaper alternatives are available, you just need to find them.

There are plenty of apps that list the cheapest petrol stations in your area - you can also take advantage of supermarkets loyalty schemes, for example:

Morrisons offer a loyalty scheme where you collect 0.5p per litre of fuel you purchase.

5. Gear up for fuel efficiency

Ease off of the accelerator, drive smoothly and get into the habit of using higher gears. Driving in higher gears boosts fuel efficiency by reducing strain on your engine, therefor burning less fuel.

Petrol vehicles should aim to keep their revs at around 1,500 rpm. For diesel vehicles, a maximum of 2,000rpm. Although, keep in mind that travelling too slow in a higher gear will have a negative impact on your fuel consumption.

Follow our top five money saving tips to help you get the most bang for your buck during the current cost of living crisis.

Thank you for reading.

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