Save Money on Rail Travel in 2020
If 2020 is the year that you have vowed to start making real savings, and you use the train, then this might be highly useful information. In this blog we are looking at how to save money on rail travel in 2020.
Every year we hear from various news sources that the cost of rail travel is due to increase and, no surprises here, 2020 is no different. Earlier in the month it was announced that rail fares would increase by a fairly sizeable 2.7%.
It may not sound like a lot but if you use the rail services on a regular basis then you’ll know that it can add up and end up costing a fortune over the course of a year.
Rail fares have been increasing every year for the last decade:
- 2010 – 1.1%
- 2011 – 6.2%
- 2012 – 5.9%
- 2013 – 3.9%
- 2014 – 2.8%
- 2015 – 2.2%
- 2016 – 1.1%
- 2017 – 2.3%
- 2018 – 3.4%
- 2019 – 3.1%
- 2020 – 2.7%
So how do you save money on rail fares in 2020?
There are ways to minimise the amount you spend on rail fares if you know when and where to look.
Travel Off Peak
Train companies actually sell cheaper tickets during off peak times when there are less people using the service. Each company is different so if you call and find out with plenty of notice you should get the best value fares.
Purchase Your Ticket in Advance
If you know the date you are planning to travel then quite sizeable savings can be made by purchasing in advance. Many operators put advanced tickets on sale up to 24 weeks in advance, and are only withdrawn 40 minutes before departure, depending on the availability.
Purchasing a Season Ticket for Regular Travellers
If you are a regular rail service user and use the train at least three days per week then you could benefit from a season ticket, as they are available for weekly, monthly and annual periods dependent on your needs.
An annual pass can make a significant difference offering 52 weeks of travel for the price of 40.
Purchase a Railcard
Railcards are available for a range of different people and groups and can save you up to a third off your fare.
Cards are available to those aged between 16 and 30, disabled people, armed forces personnel, people aged 60 and over, people travelling with another friend, partner or colleague and to families as well.
Have You Heard of Split Ticketing?
Split ticketing is where, instead of purchasing a ticket to the actual destination, you actually pay less by breaking up the journey down into stages and purchase a ticket from each stage to the next. There are even a few websites specifically designed to help you understand whether your journey will be cheaper than travelling direct.
One of the primary ones is https://www.splitticketing.com/ but if you do an online search for split ticketing a number of sites come up that can be of use.
We hope this has helped you understand a few of the ways you can save money on your rail fares this year and slowly but surely improve your personal finances.