car use

Simply Ditching Your Car Saves Money

- Adam Clare

Graph showing average monthly car ownership costs $1370 CAD

Cars are a burden that suck money out of your wallet and dump pollutants onto the streets (yes, even electric cars cause harm). So why dod people use them? Frugal people already know that owning a car equates to a mobile money pit and have looked for more fiscally prudent solutions. If you live a city then you have a multitude of options to get around, those stuck in the suburbs or rural areas are more limited. Still, you can look into car sharing programs and can even reduce the amount you use your car to save money.

The TTC charges $156 for an adult monthly pass. Bike Share Toronto charges $105 plus HST for an annual pass that includes unlimited 30-minute rides. Then there are car-sharing services like Communauto, which offers free monthly membership plans and charges from $13 per hour for a car rental.

If you’re thinking about going car-free, it’s a good idea to tally up exactly how much you spent on owing a car in the past year (including maintenance and repair costs) to see how much you could potentially save and reinvest elsewhere to pay off debts, contribute to an RRSP or reach other financial goals.

Read more.

Driving Down Car Use in Great Britain

- Dan Harrison

A recent article in The Independent highlights how car use in England is on the decline. A combination of factors (including high gas prices, poor congestion, and general disdain for internal combustion engines) has lead to fewer people getting their licenses, and fewer people using their cars.

[Steve] Goodwin [professor of transport policy at the University of the West of England] has been building his argument for peak car in a series of articles in Local Transport Today. His evidence includes that fewer young people are learning to drive. Between 1992 and 2007, the number of 17- to 20-year-olds who held licences fell from 48 per cent to 38 per cent, and for 21- to 29-year-olds, the number fell from 75 per cent to 66 per cent. Also, there has been a decline in private transport’s share of trips from 50 per cent in 1993 to 41 per cent in 2008. And, according to Lynn Sloman, director of Transport for Quality of Life, between 2004 and 2008, car trips per person went down by 9 per cent and car distance per person by 5 per cent.

Of course, this doesn’t amount to incontrovertible evidence of the beginning of the end for cars – it could be a momentary blip, an aberration – but it would be foolish not to have this debate now, given the paucity of Government funds, and given the long planning horizon of most public works.

Have a look at the rest of the article here.

Scroll To Top