Isn’t it great? Gas prices are at a low we haven’t seen April 2009, averaging $2.04 (as of 1/22) nationwide.
While it is great for travel, and for driving to/from work, it can mess with your overall spending.
For example, if you normally designate $100 a month for gas in your budget, you may only be spending $80 now.
The question becomes, what do you do with the extra $20?
Do you spend it? Do you instead just adjust your budget, allocating $80 a month for it?
The best suggestion I can offer: Leave your budget at $100, and pocket the savings.
I don’t think prices will hit the $4 mark again anytime soon, but if they start to creep back up towards $3+, it won’t hurt your bottom line, as the money is still there and waiting.
P.S. If you don’t have a monthly budget…then it is something to think about!