How to Save Money on Gas
Do you want to know how to save money on Gas?
It’s not often that a day goes by without hearing about soaring gas prices. Every day you drive to work or school and moan as you pass the gas station. Prices are up another 5 cents. Such a small amount doesn’t seem like a lot, but when you multiply it by 10 or more gallons several times per month, it can really add up.
Of course, we don’t need to do any math calculations to convince you that gas has gotten very expensive. You can feel it every time you have to pull out more and more cash to pay for gas.
How can I spend less money on gas?
If you are shelling out cash to pay for your gas, you may be missing out on a lot of savings. If you really want to save money on gas, you need to use a credit card with gas rewards. You can get up to 5% cash back on your gas purchases.
What does this mean for me?
This can be easily explained with just a few calculations:
Let’s say you have to fill up your tank with 12 gallons once per week. This means 12 gallons of gasoline purchased every week.
If your local gas costs $4 per gallon, you will spend $48 per week.
$4 X 12 gallons = $48 per week
How much will this cost me over a month or a year?
$48 X 4 weeks = $192 per month
$48 X 52 weeks = $2,496 per month
Yes, you read right, that’s $2,496 spent on gas every year. That’s assuming $4 per gallon for the whole year. It’s likely that it already costs more than that for you, depending on where you live, and that it will continue to increase.
What if you drive a truck, hummer, or another gas guzzling car? You could be spending double or more than this. Think about what else you could be doing with this $200 a month. You could save it and invest it and turn it into a lot more money. Or, you could afford to upgrade to a hybrid car and save even more money.
How can I save on gas?
Here are some ways to save money on gas:
· Drive less
· Buy a hybrid vehicle
· Drive a tiny car with good gas mileage
· Ride your bike
· Ask someone else to pay for it for you
For each of these ideas, you may become seriously inconvenienced. If you drive just for the fun of it, then driving less will help, but if you have to drive to work, school, or the grocery store, then driving less won’t work.
Buying a hybrid is more expensive just to purchase the car. It still might be more expensive to buy the car than to pay for the gas you would save. Buying a small car probably doesn’t fit your lifestyle, especially if you have a family.
Riding your bike a mile or two is fine, but when you have a 5, 10, or even 30 or more miles to commute each day, riding your bike could take up a lot of time and energy. Besides, after such a long workout, the lack of shower might get to your coworkers.
Discover the simplest and most beneficial way to save money on gas.
You may know that many credit cards give rewards for purchases. They might give you frequent flyer miles, points, or cash back. You can also get these benefits when purchasing gas. There are a few cards that will give you more just for purchasing gas.
For example, the Discover Open Roads Card will give you 5% cash back every time you buy gas. How does that sound? If you really want to know what kind of savings this could mean for you, let’s go back to our example.
At $4 per gallon buying 12 gallons per week, you will spend $48 per week, $192 per month, and $2,496 per year. Now lets say you get 5% of every dollar spend on gas back.
That would mean:
$2.40 each week, $9.60 per month, and $125 per year.
Multiply this times the amount of cars you have and increase it for every increase in price or for those of you spending much more on gas. Think about how much cash you could be getting back if you drive a hummer!
You could be saving hundreds of dollars per year on gas!
What could you do with all this money you save on gas?
· Put it towards a vacation.
· Put it towards your kid’s college fund.
· Invest it and let it grow many times its size.
· Buy that new mp3 player, computer, or any other gadget or large expense you’ve been putting off buying.
· Go out to dinner, the movies, or enjoy other entertainment that you’ve wanted to do.
· Do some home improvements on your house
· Give your kids a great Christmas this year.
· Save towards that hybrid car so that you can save even more on gas.
· Use the money however you want!
There are tons of ways you can use the money you’ve saved.
What gas card should I use?
Apply for gas credit cards here.
Capital One No Hassle Cash Rewards Card
Don’t let gas prices get you down. Start earning cash back today so that you can spend your money on what you really want!
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