Logbook Loan Tips: How to save money on travel!

We all need to travel most days of the week.  Whether it’s commuting to work, the school run, meeting friends or family or carrying out a variety of domestic errands, there is almost always a need to get from A to B at some point in the day.   But unless you are able to walk, you will either need to drive or take public transport – and the costs then start to pile up.

 

Whilst you may not be able to change the fact that you do need to travel, there are things you can do to reduce the costs.  Here are our top Ten Tips for saving money on travel:

 

  1. If you need to replace your car, think carefully about the type of car you get.  As well as petrol and diesel, there are now also electric and hybrid cars.  In particular the development of electric cars is moving forward very fast – see our recent article  – and it would be wise to check out the latest research about the financial benefits of different types of car before making a decision.
  2. Keep your eyes open for the cheapest fuel available.  For example, supermarkets often offer you money off per litre when you spend a certain amount on groceries; so it may be worth varying your shopping habits accordingly.  There are websites around such as Petrol Prices that can keep you up to date with the cheapest petrol prices.
  3. When going on a journey, use Internet route planners or sat navs to plan your driving routes to avoid congested roads.  Also be mindful of how extra load in the car or excessive use of air conditioning can increase fuel consumption.  Travel light, and  wherever possible open windows to air the car rather than using air conditioning.
  4. If you use your car for your daily commute it may be worth exploring the option of a car share.  This could be with current colleagues or there are several websites such as Liftshare, BlaBlaCar and GoCarShare that can link up drivers and passengers for either regular or one-off journeys.
  5. Parking can also be very expensive.  For regular journeys you could consider trying to rent an unused driveway near your work for parking and there are also lots of options for one-off trips: check out the websites  Just Park or yourparkingspace for more information.  You may also be able to rent out your driveway or parking space to someone who works near where you live.
  6. If you are travelling anywhere by public transport such as trains or airlines then you can usually get better deals if you book well in advance.
  7. If you travel regularly by public transport then a season ticket is the way to get the best prices.  The snag is that you have to pay for these up front.  Some employers will consider a season ticket loan for this purpose but if not then instalment loans may be the answer: you can get the money to buy your season ticket then pay the loan back on a monthly basis.  It will work out better value than buying expensive train or bus tickets regularly, and the convenience of a season ticket will also save you precious time on your morning journey to work.
  8. For regular travel in London, you can’t beat an Oyster card which will give you better prices on London Transport and the convenience of using your card instead of having to constantly buy tickets.
  9. Check whether you are entitled to any kind of discounts on public transport.  Many train networks have local railcards which can save you a lot on fares; and most also do special offers either seasonally or for group travel.  If you are over 60 don’t forget you can get a bus pass – don’t be embarrassed to use this as it can save you a small fortune!
  10. On those occasions where you would normally book a taxi, plan carefully to avoid paying extortionate rates.  The best plan is to have a designated driver rota so that you can take turns with friends to drive to a venue or to and from the station.  If this is not an option then try and either pre-book a minicab at an agreed rate or consider using a value taxi service such as Uber.

 

Enjoy travelling and we hope that these tips will save you some money in the process!