Stretch Your Dollar: Five money-saving tips to keep in mind for car costs

Stretch Your Dollar

For many of us, having a car is an important part of our daily lives, but it’s also a major purchase that can drain your bank account for years.

We are stretching your dollar with five simple things you can do right now to save on your costs.

Insurance, gas, oil changes and repairs are just some of the many car costs that can drain your wallet. However, there are ways to keep your car’s demands at a minimum.

One tip: take a defensive driving course. Safe and careful drivers are cheaper to insure. According to AARP, taking a driver’s ed class could save you up to $200 annually with your insurance company.

Another idea from AARP –  use cruise control. It can reduce highway fuel usage by seven percent. Depending on how you drive and how far, you could save as much as $70 per year.

Thirdly, be smart about gas. Gasing up likely eats up much of your car budget. So, find the cheapest prices in your area by downloading apps like GasBuddy (Apple:, Android: or Waze (Apple:, Android:

Several grocery stores or credit cards offer loyalty points that can be used at gas stations.

Another tip – keep your tires properly inflated. The EPA says driving with properly inflated tires can improve your gas mileage up to three percent.

Finally, take good care of your car. That means keeping up with regular oil changes, air-filter replacements, and even something as simple as a new wiper blades can keep those engines revving longer.


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