How to save money by ditching your car

America is becoming more urban. Already, over 60 percent of Americans call a city home. Some are calling living in a city the “new American dream,” as millennials and empty nesters opt for apartments instead of homes, nearby dining and dancing instead of a yard - and bike lanes instead of two-car garages. And that’s a good thing, because city living can be expensive, and ditching the car can mean major savings. Actually, biking, walking, and taking public transportation can pay off in more ways than one.

Infographic on saving on National Bike to Work Day: annual savings is $9,052Walking

Google maps shows that it should take about 30 minutes to walk two miles. If you’re fortunate enough to be that close to work, walking is a great option. Walking improves your health, trims your waistline, and can even improve your mood. It’s something everyone knows how to do and it’s free! It can also help you take less sick days and may even save you money on medicines by preventing illness.

Biking

Another great option is to bike where you need to go. Don’t know how to ride? It’s never too late to learn. If you already own a bike, there is no cost apart from some simple maintenance. Don’t ride enough to own a bike? See if you can buy a bike to share with a neighbor or friend. But even biking is becoming more accessible for those who don’t own one. Cities and Universities across the country are launching Bike Share programs. With the program, you can pick up a bike at one location and drop it off at another. Biking can be a cheaper, greener, and certainly a healthier option than driving a car.


How to save money with a bike: http://goo.gl/Wn7lwn v/ @AmericaSaves #savings
Tweet this now


Need motivation to save? Let America Saves help you reach your savings and debt reduction goals. It all starts when you make a commitment to yourself to save. Take the first step today and take the America Saves pledge to save money, reduce debt, and build wealth over time. And it doesn’t stop there. America Saves will keep you motivated with information, advice, tips, and reminders to help you reach your savings goal. Think of us as your own personal support system.

Take the pledge.

Take the Pledge

I pledge to save money, reduce debt, and build wealth over time. I will encourage my family and friends to do the same

Take the America Saves Pledge

Tip of the Day

  • Written by Katie Bryan | November 29, 2013

    Transferring money from checking to savings is the fastest way to #save $500 to $1,000 http://ow.ly/PZR8h 

Saver Stories View all »

Inspired to Build Savings By Starting Small

Written by Great Lakes Michigan Saves | April 19, 2016

With little-to-no money in the bank and living on a limited income with her adult daughter, Sharon wasn’t sure if building up savings for her future was even possible. “At my age, to put debts behind me would be a relief,” she said, but she wasn’t quite sure how to even get started with a savings plan. That all changed when Sharon attended the Great Lakes Michigan Saves Pay Yourself First Saver’s Summit during America Saves Week.

Read more...

Getting Out of Debt

Written by Katie Bryan | October 28, 2013

In 2004, Tonya Shelton was facing financial ruin. Barely making more than minimum wage and having lost her home to an unexpected family crisis, Shelton and her family were forced to live in a rundown hotel.

Read more...

Starting and Continuing a Personal Finance Journey

Written by Sara Cooper | December 23, 2013

When Kiara Hardin, now a junior at Western Illinois University, became an intern with the Chicago Summer Business Institute during her sophomore year of high school, she began her personal finance journey. The program required participants to open a savings account.

Read more...

Receive Updates

Sign up for Texts

Written by Tammy G. Bruzon | July 15, 2014

Sign Up

Sign up for Emails

Written by Super User | September 16, 2013

Get Emails

Take the Pledge

Written by Super User | September 16, 2013

Start Saving