Rising rail fares: 7 foolproof tips to help you save money on your train journeys | Personal finance | Finance

Rail tickets have now risen in value by 3.8%, adding further pressure to the cost of living crisis for UK residents. The figure represents the biggest price increase since 2013 and will cover around half of all tickets – including season tickets on most commuter routes. Residents who travel year-round by train will now have to shell out hundreds of dollars more, but there are ways to save pennies.

1) Split your tickets

Many commuters are unfamiliar with the term split ticketing, but it can help you save up to 40% on your train tickets.

This implies that you buy two separate tickets for the same train journey.

If you got a rail service from Southampton to London Waterloo, you could buy a ticket to Basingstoke and then another that would take you from that station to London Waterloo.

You will stay on the same train, in the same seat, but you could save a lot of money.

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6) Set up a subscription through your work

Commuters would likely benefit from upgrading to a season pass.

Ms Fox said: “Annual subscriptions are the best value for money, but have a high upfront cost.

“If you can’t afford it, ask your employer if they run a subscription program.”

Subscription loan programs involve your employer buying your subscription for you, and you then gradually pay it through your salary each month.

Employer programs like this aren’t usually considered a type of credit because the money is taken from your paycheck before it reaches your account.

7) Discover the Commuter Club

If your employer doesn’t offer a membership program or you don’t commute to work, there are still other options, such as the Commuter Club.

Ms Fox said: “It allows you to benefit from the cheaper daily cost associated with an annual subscription, while paying monthly to avoid a huge upfront expense.

“Commuter Club is, however, a type of credit with a fee payable and will be recorded on your credit report – so make sure you never miss a payment.”

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