Monday, February 28, 2011

What you can do right now to reduce the impact of skyrocketing gas prices on your personal finances

Gasoline prices are on the rise and it appears they are going to continue to rise, some experts say to $5/gallon by mid-summer.  If you can’t afford to buy a more fuel efficient car right now, there are things you can do to soften the blow.
 
Some things are obvious.  Instead of running one or two errands each day, consider grouping those errands into just one or two trips per week.  For example, if you need to get the dry cleaning, go grocery shopping and get some new shoes for the kids, instead of making a special trip to do these things one at a time, plan the most efficient route, make a list so you remember to grab everything you need from the store, then get it done in one outing.  In addition to saving gas, you’ll save yourself some time.

Less obvious, but just as important, keep your car maintained.  A properly maintained vehicle will give you improved MPG’s and a safer car.  Proper maintenance includes regular oil changes, filter changes when appropriate, and properly inflated tires.  Depending on the specific vehicle you drive, the savings can be significant.  The by-product of a properly maintained vehicle is lower emissions, so you save money and reduce your cars impact on the environment at the same time.

Following these simple tips will save you money to help offset the skyrocketing price of fuel.

Drive Safe!