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5 ways to cut down on travel costs in 2018

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18 January 2018 | Money Matters

We all need to get around, but the costs of day-to-day travel can quickly add up and leave a large hole in your bank balance.

Here are 5 ways to cut down on your travel costs.


Car share

If you commute by car then slash the costs of travel by driving with others.

This is a simple and social way to save if you live close to one of your colleagues, or share the school run with a nearby parent.


Step off the bus

If you’re working in a busy city centre, and can physically do so, ditch the bus and opt for a brisk walk or cycle instead. 

A Freedom of Information request in 2013 showed that the average bus journey in London Zone 1 was just over a mile. With city centre traffic being bad at the best of times, you could save so much of your commute time by getting off and walking. Not to mention the money you could save by not buying a bus ticket. 


Buy a railcard

A railcard can save you up to a third on train fares, so if you travel fairly frequently it’s worth investing in one.

Most cards are £30 for a year or £70 for 3 years and there are a range of different discounts available. And with the new 26-30 Railcard being trialled in East Anglia this month, it won't be long before there are more opportunities to save on rail fares.

To find out how you can benefit, check out the Railcard guide here.


Drive sensibly to save on fuel

Save money by changing the way you drive.

For long trips on the motorway it’s more fuel efficient to stick to the speed limit and accelerate smoothly, keeping your car’s speed at a constant level and in the higher gears.

Try to avoid motorways during rush hour if you can - sitting in traffic is not only frustrating, it’s also expensive as it takes more fuel to move a car in the lower gears.

Also, make sure to check your tyre pressures frequently as the lower the pressure the more fuel it takes the car to move it.  The AA recommends checking them every fortnight.


Take the coach

If you’re not in a rush to get to your destination, try taking the coach rather than the train this year.

It may take a little longer, but coach tickets are typically much cheaper than travelling by train and often follow similar routes.

National Express and MegaBus offer services across the country with prices on Megabus starting from just £1.50.


How do you save on your travel costs? Let us know on our Facebook page.


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