Tip 69: Carpool to save on vehicle expenses
Years ago, my wife and I had one car between us. I used a carpool to get to work so she could use the car most days. A carpool is an inexpensive way to get to work since you are sharing expenses among several people. Some employers help organize carpools and subsidize some of the costs.The downside of a carpool is that you have to come and go on someone else's schedule. A few times I had to leave meetings before they were finished- otherwise I would not have a ride home. One morning, I started walking the 4 miles from my house to the carpool site at 5am before the sun came up. I was walking along the road in complete darkness, I was wishing I had thought to bring a flashlight with me. Driving your own car is certainly more convenient, but it is more expensive as well.
If you are willing to give up some convenience, you can save a lot of money by using a carpool. If you can avoid owning a car altogether, you can save on the cost of buying the car, insurance, and maintenance expenses.
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