The average Aussie household spends a whopping $10,800 a year on transport costs but you can make a big dent in that amount by making a few simple choices | Jess_Irvine
I admit it, when I initially assigned this week 4 of my Money Makeover to the task of reducing my transport costs – petrol , car insurance and the like – I completely failed to countenance the biggest money saving strategy of all.
Buying new cars is the biggest spending item, with the average household spending $2600 a year on new motor vehicles . As for maintenance, households spend an average of $880 servicing their cars each year, plus $190 for new tyres, $55 for a new battery, $180 for vehicle parts and $115 for accessories.
I was shocked when I started tallying my own transport costs. When I applied for my home loan late last year, the message was clear: it was time to ditch my $22 a weekday habit of driving to work and paying for parking in the city.I've since ditched the car and now use public transport to get to work and do the school drop-off. With public transport fares capped at $50 a week maximum cost in my city, this should set me back about $2,300 a year – less than half what I was paying for parking.
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