(MoneyHippo.com) – Carpooling to work or when taking your kids to school does more than cut down on traffic and result in fewer environmental emissions. The practice can benefit you financially as well. If you’re trying to make the most out of your budget, consider adding carpooling to your routine. Here are some obvious and not-so-obvious financial benefits to the practice.
- Fuel: Sharing rides to and from work or school with a friend, co-worker, or another parent will save you money at the pump. Rotating the driving responsibility could cut your fuel costs in half.
- Maintenance: Less time behind the wheel means fewer upkeep fees. Wear and tear on your car primarily comes from time spent on the road. Allowing your vehicle to rest for part of the week means lower mileage and longer stretches between visits to the mechanic — saving you money.
- Health: Driving in traffic by yourself can be physically and emotionally demanding. Cutting down on that time and riding with a buddy could lower your stress levels, possibly leading to a healthier you. Regularly putting yourself in high-tension situations can cause increased blood pressure, obesity, heart disease, and diabetes. Fewer health problems mean fewer trips to the doctor, less money spent on medications, and more money in your pocket.
Do you participate in carpooling? What financial benefits have you seen with the practice?
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