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Carpool to Save Money

Ride sharing with others is a quick way to cut your commuting costs and reduce your stress.  With the cost of a car running $0.40 or more per mile the savings can add up.  Carpools may be formed through word of mouth by friends and colleagues, by employers, regional governments, or through online carpooling services.

However you connect with others to ride share or carpool you can enjoy a number of real benefits:

  • Carpools save money: fuel cost, parking cost and vehicle maintenance cost, and in some cases insurance.
  • Carpools decongest roads.
  • Carpools reduce pollution and carbon dioxide emissions.
  • Higher occupancy rates also can reduce consumption of oil thereby reducing corresponding political and economic risks, emissions of pollutants.
  • Carpools may provide social connections in an increasingly disconnected society. New online carpooling services are offering new ways to make social connections through discussion sites and custom ridesharing services.
  • Some larger carpools offer "sweeper services" of late pick-up options for people having to stay longer at work. One form of backup is an arrangement with a local taxi company.
  • There are designated carpool lanes on highways, which may make travel faster.
  • As a passenger rather than driver you have the chance to relax, socialize or even work if you insist.

The trade offs include:

  • Drivers carry the additional burden of potential legal action from passengers in case of an accident.
  • Carpooling combines many of the disadvantages of public transportation (lack of privacy, not on-demand) with the disadvantages of the automobile (low safety, high fuel consumption). 
  • Here are 12 suggested guidelines to make sure the arrangement works for all parties.
  • Tends to be rather complicated to organize and may be difficult to keep together, due not least to changing travel patterns and needs.

If you can’t work at home or use public transportation, car pooling can be a great alternative with a number of real benefits.

Here are 35 more great ways to save money.

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