GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re able to read more about oureditorial guidelinesand our products and servicesreview methodology.
Its not only frustrating and time-consuming but also drains the wallet.
Whats worse is that it eventually dents your monthly expenses andbudget.
On top of that, Americans spend $20 billion a year overpaying for parking spots.
Fortunately, its possible to slash the amount of time lost and all of these expenses.
You just have to find the right apps and hacks from AI-powered apps and parking subscriptions to ride-shares.
Heres a look at some of the creativeways to save on (otherwise costly) parking costs.
Parking Apps
Parking apps aim to make your life much easier as you navigate through the city.
But how will you be saving money using these apps?
They offer pre-booking discounts, which can reduce a large portion of your monthly parking expenses.
Some apps have price comparison features.
This allows you to pick a cheaper parking garage.
you’re free to also make a parking reservation, which is perfect for airport parking.
The following parking apps are highly recommended if youd like to pay less for parking.
SpotHero
SpotHerois available in more than 300 cities in the United States and Canada.
you might guarantee a parking spot through its pre-booking feature.
you could also avoid costly tow fees and parking tickets by searching for off-street parking spaces.
you’re free to compare parking costs and make reservations up to 2 weeks in the future.
Its also great if you want to compare off-street and on-street parking rates.
Thats because its objective is actually to save you money.
And the parking app achieves this by offering a myriad of discounts.
you’re free to also compare pricing from various parking garages.
Parker
Parkeris fast and helps you get the best parking spot in seconds.
The Parker app has built-in GPS navigation that guides you to the nearest open space.
An example is New York Citys Resident Parking Permit, which offers discounts to the locals.
Park-and-Ride Option
Theres no better way to minimize parking expenses than with Park-and-Ride.
it’s possible for you to then take a train or a bus ride.
Hows this going to save you money?
But a Park-and-Ride is generally free or may cost you only $5 to $8 for all-day parking.
If you work this out monthly, you’re able to save hundreds in parking costs.
Better yet, youll also be saving on gas and your car will last longer.
Incentivized Ride-sharing
Major cities normally have programs incentivized to encourage commuters to share rides to minimize decongestion.
If you share rides with other commuters instead of driving, you save on parking expenses.
Youre also making your commute much easier.
This discourages competition for expensive parking spaces and as for you, youll be saving money.
Even better, you’ve got the option to carpool to work with colleagues.
This way, you split the gas money and get to dodge those parking fees.
How does a monthly parking membership save you money?
Take this example: if your daily parking cost is $15, thats about $300 monthly.
More From GOBankingRates
Share This Article:
