For those of us who don’t own a car, we rely on transit to get us places. Recently in Toronto they hiked up the transit fare prices. As someone who was unemployed when this was announced, it really burned my muffins.
I had to buy a metropass if I wanted to get anywhere, but with prices going up would it be worth it? My March Challenge was to see if buying the new and more expensive metropass made any difference and if I would save any money.
I started keeping tabs on every where I went and what type of transit I used, whether it was the bus, streetcar or subway. I also noted on whether I would be able to get a transfer or if I would have to pay an extra fare. To my surprise I actually travelled quite a bit (this may be due to me snagging a job… FINALLY!). Mostly it was back and forth from work, but if I had just been paying the cash fare, it’d be $6.00 everyday.
I assumed that I’d be losing money on the weekends when I had nowhere to really be, but that wasn’t the case. I sometimes spent more money on the weekends than at any other time. Running errands and chillin’ with my famjam really added up. Even though I didn’t travel every day I still would’ve spent oodles of cash, metropass or not.
So my grand travel total for March was $174.00. I was able to save $32.50 when buying a metropass. Now while I was doing some lovely math I wanted to see if I could’ve saved money using other offered passes.
If I have purchased the Weekly Pass for $40.75, I wouldn’t have saved anything, but actually spent an extra $5.95. This is the same for the $11.50 Day Pass, which would have only saved me .50 on 2 days, but ultimately costing me $5.89 at the end of the month.
So I guess that the transit fare increase didn’t really affect me too much. I still saved over 30 bucks and it got me to work on time. Thanks TTC.
Let me know about your transit money-saving stories or if you have any gripes about increases in your area.
Keep it real!
Karyn Elliot: Micromanager + Chief GIF Maker