Ditch the Car to Save Money and Improve Your Health

October 6, 2011

By Katie Bryan, America Saves Communications Manager

BikeA trend has emerged where more people are moving to the cities. Everyone from young professionals looking for job opportunities to empty nesters looks to downsize their space. In fact over half of the world lives in a city. I know personally that in Washington, DC that means more expensive living costs. One great way that I and others are saving money is by ditching the car and relying on walking, biking, and public transportation.

Walking

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 use a bike to get 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.

Public Transportation

According to the American Public Transportation Association, an average two-person American household can save $825 a month by giving up one car in favor of public transit. In New York, the city at the top of the list, savings could add up to more than $14,000 per year. In Las Vegas, it would be more like $9,000 – still a huge savings.

Find out how much you can save by ditching your car with this fuel savings calculator.

Is ditching your car an option for you? Let us know on our Facebook page.

 

Other articles that may interest you:

What Would You Give Up For a New Bike?
5 Ways to Save Money on Groceries

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