News Get Rich Quick: Ditch Your Car!
posted by January 10 at 15:01 PMon
A new report by the American Public Transit Association finds that the average two-person household can save more than $6,200 a year by ditching one car and using public transportation—more than the $5,781 the average household spends on food each year. Most of the savings (around $5,800) comes from not paying for maintenance, insurance, and loan payments. Doubling transit use nationwide, meanwhile, would increase fuel savings to 2.8 billion gallons a year—the equivalent of 216 million tanks of fuel, 68 oil tankers from the Middle East, or 7.8 million gallons of gas a day.
That’s just one car. The survey didn’t look at savings experienced by households, like mine, with no cars at all. I gave up my car about a year ago because, among other reasons, I had pretty much stopped using it. (I hate driving in the city). Since then I’ve traded gas, insurance, maintenance, car payments, tickets, and tow fees (from the several times a year the city towed my car because I didn’t move it around enough) for biking, busing, walking, FlexCar, cab rides and the charity of my friends. I’m not saying everybody can get by without a car; but if you want to save money and have access to a bus route, it’s worth trying out.