Whats’ the biggest expense for rideshare drivers? Hands down has to be all the gasoline consumption, which is required for large quantity of mileage driven. During an average week, personally I’ll spend $40-50 on filling up my tank twice or three times. That works out to be ~$150/week easily!
To combat that never-ending thirst for gas that my vehicle has seemingly developed, always on the lookout for deals at the pump, with credit cards, at grocery stores, etc. Basically anyplace and anyway that I can cut down fuel costs, I’m doing it. Read more
I’m starting a new series on Rideshare Love that will devote one Friday a month to discussing the personal finance world. Dealing with finances for a rideshare driver is an inevitable. Saving money is something that’s naturally difficult to do, and even harder when you have lingering debt to payoff. Most people justify spending money on purchases, both great and small, and ignore their spending behaviors with credit cards. I know we all could use a bit more saved up. But where to even start? Well, let’s start with the basics.
Since becoming a full-time rideshare driver almost two years ago, I’ve quickly become adept at financial skills like budgeting, saving, and paying off debt. The on-demand economy has enabled individuals the opportunity of supplementing their income with extra work-hours, and has created full-time jobs for people who otherwise have nothing.
The Richest Man In Babylon, which is where this idea is from, was both educational and inspirational. I was left feeling more confident about saving money after I finished reading. It contains many stories of triumph over personal finances that have miraculously survived since the days of ancient Babylon itself.