So… what have you done with it??? You know, your new found wealth; manna from Heaven!! Of course I’m referring to the savings we drivers enjoy every time we fill up the tank. For many months now, prices at the pump have been falling steadily. Not 6 months ago the price where I live was $2.49 per gallon; today I filled up for $1.69. A chart at www.gas buddy.com shows a steady decline in price per gallon since June 2015 and the 18 month chart shows that overall the price per gallon has declined from $3.50 to $1.80 after a decline then an up tick from Jan 2015 – June 2015 finally down to present day…. unbelievable.
So …what have you done with the money???? For me, the average has been $25 a week!!!! Like buying 3 tanks full for the price of 2. That’s $100 a month…yeah $100. Even for 12 of the 18 months that’s $1200 WOW!
I call this a “window of opportunity”; doesn’t come along every day and shouldn’t be ignored. Same as low interest rates…. have you refinanced yet? The Federal Reserve has already begun raising interest rates. Don’t let this window close without checking it out. Hey’ the cost of refinancing could be covered by your savings from low low gas prices.” Windows open all the time and not for everyone at the same time. You may be paying off a student loan… That payment will not be reoccurring any more; perhaps you can open a Roth Ira making the payment to your retirement. Some “windows” are short lived…like paying off the car loan (continuing to drive the car offers an opportunity to save the payment for the day when a new car is needed). Some, you can create like consolidating several debts yielding a savings or early payoff.
But, back to gas…surely you too have been paying less at the gas pump. Did the savings go to good use? NO????? Well start today…and keep an eye open for the next “window”!!
Cents Maker.