Three Family Hacks for Saving Money on Gas

Global gas prices are set to jump to the highest this year next week, and families in the Phillippines are set to be some of the most affected by this price increase. Officials claim that gasoline is expected to rise as much as P0.40 to P0.50 per liter. With most families spending much of their budget and food and fuel, this means it’s time to get smart about saving. To avoid breaking your budget before the end of the month and prevent from paying too much for your gas, however, there are a few smart budgeting hacks you can use.

Fuel Up At a Specific Time

To save on gas in the Phillippines, you’ll actually want to be smart about when you’re filling your car up. Due to the fact that many companies increase or decrease the price of gas according to the Department of Energy’s updates, they’re often changing their prices on Tuesdays. To avoid paying higher prices, try filling up your car’s gas tank on Mondays or Wednesdays. If you think gas will go up, fill up on Mondays. If you’ve found a great price, be sure to fill up on Wednesday or before companies have a chance to change it the following week.

Consider Investing in a Credit Card

Most credit card companies today offer rewards programs with savings, especially when it comes to grocery and gas rewards. However, due to the fact that only 3% of the Philippines’ population own a credit card, many people are missing out on a great opportunity to save and even earn money back when they fill up their gas tank. Find a credit card that suits your lifestyle and spending habits and go from there. With the Shell Citi Card, for example, you can earn up to Php10,000 rebate value each year while new cardholders of a Petron-BPI Credit Card are eligible to get Php200 worth of gas free.

Optimize Your Driving

One of the most effective ways to save money on gas is to optimize the way you drive your car in order to waste less of it. Studies show that having a lead foot can actually burn more fuel than driving sensibly. Instead, it’s recommended to drive at a constant speed without constantly breaking or accelerating. Slow down whenever you need to, but avoid doing it quickly, as you’ll waste a lot more gas.

Enhancing Your Family’s Savings

However you choose to save money on fuel in the Phillippines, engaging in money-saving hacks in a variety of areas is a great way to ensure you stick to a budget. Whether or not you engage in one or all three money-saving strategies, as long as you’re making a commitment to optimize your driving efficiency and save money, you’ll find that you save in some way.

Till next post!

A happy homemaker is a Happy Pinay Mommy!