Susie Jones
A truck driver’s guide to budgeting
Created: 29. 08. 2024
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Updated: 29. 08. 2024
As a truck driver, you are used to travelling long distances and working anti-social hours which can often mean added expenses. But how do you save money as a truck driver? Tracking your expenses and managing your money can be difficult, but we’ve put together some handy tips to help you budget.
Preparation
Taking the time to prepare for the journey can save you money and give you peace of mind.
• Supplies: Work out what items you will need to ensure you don’t have to fork out on expensive items whilst on the road.
• Food: Preparing your food may be a simple trick but an effective one when it comes to saving the pennies. Eating out is often expensive and sometimes unhealthy, try making your meals in your cab. Having a microwave and fridge in your cab will make meal-prepping that much easier. Check out our tips for staying healthy on the road.
• Journey planning: Planning the most efficient route can save you money on fuel and unexpected toll charges. Knowing where you will be stationed for the night and booking in advance can make your journey more cost-effective. Download our intruck app to find truck parking near your transit route.
Create and stick to a budget
The hardest but the most effective tip. Create a monthly or weekly budget that you can stick to and keep track of your expenses. There are many ways to set out your budget, you could write your expenses in a monthly calendar, jot them down in a notebook, or use an app to assist you. Forbes has an extensive list of apps that can help.
Inverter
Investing in an inverter will give you the ability to run small appliances. Having a fridge to keep items fresh, an electric griddle for cooking, and a coffee machine to make your cup of joe just how you like it will stop you from spending a fortune. Say goodbye to expensive fast food and hello to home-cooked meals for half the price.
Fuel
A cost that you can’t avoid. However, there are many ways that you can save on it:
• Tyre pressure: Underinflated tyres will reduce your fuel economy, so it’s important to regularly check them.
• Reduce idling: Stop the engine if you know you’re going to be stationary for a while. An hour of idling can burn roughly a gallon of fuel.
• Use cruise control: Cruise control can reduce unnecessary acceleration and deceleration.
• Drive in a higher gear: This will maximise fuel efficiency as travelling at high speeds in lower gears can consume 45% more fuel.
• Air conditioning: It can increase your fuel consumption by up to 0.4 miles per gallon. If possible, travel with the window open before resorting to air con.
In addition to these tips, SNAP Fuel offers a sustainable, transparent pricing structure and discounted rates at our partner company, Certas Energy’s refuelling locations.
Loyalty programmes
Some employers will offer their drivers reward programmes to assist them with saving money. Items such as a discount on food, drink, showers, and cleaning facilities can all help with saving. Additionally, if you are a SNAP customer, we’re able to offer you food vouchers at participating truck stops.
WiFi
Whether it’s getting in touch with family via video call or streaming your favourite shows, having the option to hook up to the WiFi can save you a substantial amount. Solely using your phone’s data can get expensive and can leave you with an unexpectedly high bill. Most truck stops will offer WiFi for drivers, and you can always find out which truck stops offer this on our maps page.
Is truck driving a tough job?
This is often down to the individual, as with any job you will have aspects you find difficult that others wouldn’t. Long hours, time spent away from loved ones, and a sedentary lifestyle can make the job tough. On top of this, you will have to deal with external difficulties such as road congestion, tight scheduling and sometimes working overtime. However, it’s not all doom and gloom, many truck drivers have a lot of work opportunities, independence, flexibility, and the chance to travel abroad.
Is truck driving a good life?
As stated above, there can certainly be some downsides to life on the road. Truck driving is certainly not for everyone, but those who do end up in the role benefit from a few perks: • Job stability – The current shortage of drivers means that you will have no trouble finding and keeping a job.
• Pay – A career in truck driving can offer good pay and additional benefits.
• Travel – If you don’t like to be confined to a single place every day then getting to travel around parts of the UK and Europe is a huge benefit.
In addition to some of these perks, you will find a lot of truck drivers wouldn’t trade their life behind the wheel for a 9-5 office job.
How much does it cost to become an HGV driver?
There are quite a few steps to become an HGV driver and the cost can vary depending on who you take your tests with. We’ve broken it down for you in a few easy steps.
Provisional HGV licence
Before you can obtain your Class 2, you will need to have a full car licence, be over 18, and have a provisional HGV licence. Your provisional HGV licence will consist of two forms, a D2 (This is free) and a D4. A D4 form is your medical and the cost can vary between £50-£120.
HGV Licence (Class 2, C Class)
There are four parts to obtaining your HGV licence, and the cost of each can vary. According to the Government website, gaining your HGV licence will cost roughly £304. However, this cost may fluctuate if you book using an unofficial website. On top these fees, you need to pay for lessons which can cost up to £1,390.
Tacho Card
Once passed, you will have your HGV Class 2 (C Class) licence and can drive a rigid. To drive commercially you will need to get your tacho card which will set you back £32. This will need to be renewed every five years and will cost £15.
Class 1 (C+E)
To become a Class 1 driver you need to take one more test. A Class 1 licence will qualify you to drive a truck over 3,500kg with a trailer of over 750kg. This will cost £115.
Overall, qualifying as a Class 1 HGV driver can set you back just under £2,000. However, it’s important to state that once you have obtained your licence, you will be on a decent salary, have job stability, get to travel and gain a sense of community within the trucking world.
Budgeting as a truck driver can be challenging but is essential if you want to manage your finances. Keeping track of your expenses, setting a budget, and sticking to it will help you save money. The above tips will give you a great starting point in encouraging you to get into healthier financial habits. How do you save money when you’re out on the road? Share your tips and tricks with us at SNAP.