Carpool Savings Calculator

Total Distance Travelled per Month (miles):

Cost per Mile for Driving ($):

Percentage of Time Carpooling (decimal):

Number of People in the Carpool:

Calculate

Monthly Carpool Savings: $

 

Introduction

Carpooling is an eco-friendly and cost-effective way to commute. To help you better understand the savings potential of carpooling, we’ve created the Carpool Savings Calculator. This handy tool allows you to determine your monthly carpool savings quickly and efficiently. To use the calculator, follow the instructions below.

How to Use

1. Fill in the “Total Distance Travelled per Month (miles)” with the number of miles you drive each month.
2. Enter the “Cost per Mile for Driving ($)”. This should reflect your average cost per mile for driving your vehicle.
3. Specify the “Percentage of Time Carpooling (decimal)” you spend carpooling. For example, if you carpool half the time, enter 0.5.
4. Input the “Number of People in the Carpool” including yourself.
5. Click the “Calculate” button.

Formula

The Carpool Savings Calculator uses the following formula to calculate your monthly carpool savings:

CS=ND⋅C⋅P​

Where:

• $CS$ is the Monthly Carpool Savings ($)
• $D$ is the Total Distance Travelled per Month (miles)
• $C$ is the Cost per Mile for Driving ($)
• $P$ is the Percentage of Time Carpooling (decimal)
• $N$ is the Number of People in the Carpool

Example

Let’s say you drive 1,000 miles per month at a cost of $0.20 per mile, and you carpool 60% of the time with 3 people in the carpool. Using the formula: CS = \frac{1000 \cdot 0.20 \cdot 0.60}{3} = $40 Your monthly carpool savings would be $40.

FAQs

Q1: What is the purpose of the Carpool Savings Calculator?

A1: The Carpool Savings Calculator helps you estimate your potential savings by carpooling, taking into account the distance you travel, the cost per mile, carpooling percentage, and the number of people in the carpool.

Q2: Is carpooling really cost-effective?

A2: Carpooling can significantly reduce your monthly commuting expenses, making it an environmentally friendly and budget-friendly choice.

Conclusion

Carpooling not only reduces your carbon footprint but can also save you money. Our Carpool Savings Calculator simplifies the process of estimating your monthly savings, ensuring you make an informed decision about adopting a more sustainable and economical commute. Give it a try and start saving today!