This January, the government raised VAT up to 20%, increasing living costs for many in the UK. One of the biggest rises is car costs as fuel prices has drastically increased, reaching an all time high of 1.27 per litre! This has meant that the cost of fuel has risen by a staggering 16% in one year, and is continuing to rise
For a great number of the British public, fuel prices have become a great worry, with many having to give up their cars or find new ways of travel. For those who cars are unnecessary, finding a car share is ideal as you can save nearly half the amount you would use alone on fuel costs. It also means you do not have to be the one who drives around the city in rush hour every day!
However, many of us simply cannot just give up our cars due to the long commute or our job requires us to. With the increased petrol costs and the costs for the cars upkeep, many Brits are to find themselves somewhat out of pocket during the next year. The nightmare is set to continue with an increase in national insurance on the way and very little in the way of salary increases, as most salaries will be frozen or increase ever so slightly. With a 250 per year rise for public sector employees under the 21,000 mark and an average rise of 3% in the private sector, many are going to be struggling to meet household costs this year. Due to the retail price rise of just under 5% which is over 1% over the inflation rate, it looks like living costs are on the rise faster than salary rates.
Conclusively it looks like many will struggle to meet car costs. However, there are a few ways you can yourself money on your car. Heres how:
-Car sharing enables you to leave your car at home for a week at a time on a fortnightly basis, halving your fuel costs. With car costs on the increase, this has become a popular avenue for many, with over 400,000 being actively interested in car sharing. Thus theres likely to be a a car share suited to you.
-Make sure you car is not in disrepair. A car with an engine or parts that does not run at its optimum will consume more fuel, making your journeys more expensive. Getting your car serviced when needed, does require you to spend a one off amount on a yearly basis, but will save you money in the long term as fuel is set only to increase. Look out for further deals on MOTs and servicing to save you money elsewhere.
-Dont use your car when unnecessary.If you can walk, catch the bus or cycle then its probably best to leave the car at home.
For a great number of the British public, fuel prices have become a great worry, with many having to give up their cars or find new ways of travel. For those who cars are unnecessary, finding a car share is ideal as you can save nearly half the amount you would use alone on fuel costs. It also means you do not have to be the one who drives around the city in rush hour every day!
However, many of us simply cannot just give up our cars due to the long commute or our job requires us to. With the increased petrol costs and the costs for the cars upkeep, many Brits are to find themselves somewhat out of pocket during the next year. The nightmare is set to continue with an increase in national insurance on the way and very little in the way of salary increases, as most salaries will be frozen or increase ever so slightly. With a 250 per year rise for public sector employees under the 21,000 mark and an average rise of 3% in the private sector, many are going to be struggling to meet household costs this year. Due to the retail price rise of just under 5% which is over 1% over the inflation rate, it looks like living costs are on the rise faster than salary rates.
Conclusively it looks like many will struggle to meet car costs. However, there are a few ways you can yourself money on your car. Heres how:
-Car sharing enables you to leave your car at home for a week at a time on a fortnightly basis, halving your fuel costs. With car costs on the increase, this has become a popular avenue for many, with over 400,000 being actively interested in car sharing. Thus theres likely to be a a car share suited to you.
-Make sure you car is not in disrepair. A car with an engine or parts that does not run at its optimum will consume more fuel, making your journeys more expensive. Getting your car serviced when needed, does require you to spend a one off amount on a yearly basis, but will save you money in the long term as fuel is set only to increase. Look out for further deals on MOTs and servicing to save you money elsewhere.
-Dont use your car when unnecessary.If you can walk, catch the bus or cycle then its probably best to leave the car at home.
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