Banking Advice – 5 Ways to Save Money on Gasoline

Written by , May 1, 2012

Banking Advice 5 Ways to Save Money on GasolineOne of the best ways to improve your financial situation is by saving money on things that are always going to be a part of your budget. While it’s helpful to eliminate unnecessary items from your budget, there are certain items that you’re always going to have to buy. For many individuals and families, gasoline is one of those things.

Thankfully, there are ways to cut the amount you spend on gasoline each week without having to significantly change your lifestyle. You’d save a lot of money by getting rid of your car, of course, but that’s not going to be a realistic option for many people.

Here’s some money saving advice and suggestions on how to save money on gasoline.

  • Keep Your Car in Shape. The most direct way to spend less money on gasoline is simply to use less gas. Cutting back on driving is one way to reduce your gas consumption, but you can also use less gasoline by making sure that your car is well tuned, and that your tires are properly inflated. When your car is in the best possible shape, it will use less gasoline to travel the same distance.
  • Gas Station Credit Card. Consider applying for a gas station or gas company credit card. Most major service station brands offer credit cards that allow you to purchase gas at a discounted rate, or will provide you with cash rebates for purchasing gas at their stations. Again, this is a relatively pain-free way to save money on gasoline, provided that you don’t have to drive out of your way to use one of the branded gas stations.
  • Affiliated Gas Stations and Rewards Cards. Even if you don’t want a gas station credit card, there are still opportunities to buy gas at discounted rates. Many large grocery store chains and warehouse shopping clubs offer gasoline at lower than average prices. In addition, some grocery stores link their loyalty cards with particular gas station chains, enabling you to buy discounted gas as you accumulate “points” from shopping at those grocery stores.
  • Combine Errands and Shopping Trips. One way to reduce the amount of gas you burn is by doing a little bit more planning before heading out in your car. Rather than making several different errands or trips throughout the day, try to combine as many as possible, or shop less frequently, in order to cut down on the total number of miles you drive.
  • Use a Gas Price Monitoring Website. Finally, you can make yourself a more informed consumer by using a gas price monitoring website such as gasbuddy.com or gaspricewatch.com. These services can be a great help in locating the lowest price gasoline in your area.
  • By paying a little more attention to where you buy your gas, and how you pay for it, you’ll be able to reduce what you spend each month on gas and put that money to better work.

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