Public transportation is a cost-effective and environmentally friendly way to commute. However, the costs can add up over time. Here are ten ways to save on public transit fares.
1. Purchase Monthly or Annual Passes
Instead of buying single-ride tickets, consider purchasing monthly or annual passes. These passes often provide unlimited rides for a set price, which can result in significant savings if you use public transit frequently. For example, in New York City, a 30-day unlimited MetroCard costs $127, while a single ride costs $2.75. If you take the subway twice a day for 30 days, you would spend $165 on single-ride tickets, but only $127 with the unlimited pass.
2. Take Advantage of Off-Peak Fares
Some transit systems offer discounted fares during off-peak hours. If your schedule is flexible, consider traveling during these times to save money. For instance, Washington D.C.’s Metro offers off-peak fares that are up to 60% cheaper than peak fares.
3. Use a Commuter Benefits Program
Many employers offer commuter benefits programs that allow employees to use pre-tax dollars to pay for transit expenses. This can result in significant savings, as it reduces your taxable income. According to the IRS, you can set aside up to $270 per month for transit expenses in 2021.
4. Look for Student, Senior, or Disability Discounts
Many transit systems offer discounted fares for students, seniors, and individuals with disabilities. Check with your local transit authority to see if you qualify for these discounts.
5. Carpool to the Station
If you live far from a transit station, consider carpooling with others to save on gas and parking costs. Some transit stations even offer discounted or free parking for carpoolers.
6. Use a Bike or Scooter for the Last Mile
Instead of taking a bus or taxi for the last mile of your commute, consider using a bike or scooter. Many cities have bike-sharing or scooter-sharing programs that are cheaper than public transit.
7. Use a Fare-Capping System
Some transit systems have a fare-capping system, which limits the amount you can be charged in a day or week. Once you reach the cap, any additional rides are free. This can be a great way to save if you use public transit frequently.
8. Use a Transit App
Many transit systems have apps that offer discounts or rewards for frequent riders. These apps can also help you plan your route and avoid peak hours.
9. Buy Tickets in Bulk
Some transit systems offer discounts for buying tickets in bulk. If you know you’ll be using public transit frequently, this can be a great way to save.
10. Walk or Bike for Short Distances
If your destination is within a mile or two, consider walking or biking instead of taking public transit. This can save you money and provide a great source of exercise.
Related Saving Tips
Public transit can be a cost-effective way to commute, especially if you take advantage of the many ways to save on fares. By purchasing passes, traveling during off-peak hours, using commuter benefits programs, and taking advantage of discounts and fare-capping systems, you can significantly reduce your transit costs. Remember, every little bit helps when it comes to saving money!