One of my hobbies include teaching math to kids. Besides “when the heck are we going to use this in real life”, one of the most common questions I get is “where does money come from?”<\/p>\n
Well, great question! A long, long time ago, our ancestors used a bartering system to trade items. Then, of course, someone realized that they were getting ripped off because not all items are of the same value.<\/p>\n
As a result, society started using gold coins as currency. People then adapted currency into different forms, ranging from paper bills to debit & credit cards to virtual currency.<\/p>\n
Just like different forms of currency, there are different ways to purchase fuel. Some of the most common ways include:<\/p>\n
Employees pay for fuel out of their own pockets. An administrator would then collect the receipt and reimburse the employee.<\/p>\n
Some businesses are able to partner with fuel companies and provide fuelling stations on-site. This is a great way to getting bulk discounts if there is a secure site to store fuel.<\/p>\n
Employees would use credit cards to buy fuel at gas stations. An administrator usually checks the purchases.<\/p>\n
And lastly…<\/em><\/p>\n Fuel cards relieve administration work by preventing non-fuel related purchases.<\/p>\n Let\u2019s dive into some of the best practices when using fleet fuel cards<\/a>.<\/p>\n Are you a deal hunter? Fuel cards provide rebates for purchasing fuel<\/a>. Businesses can redeem free fuel for using the card and collecting points. As well, fuel cards reduce transaction costs such as credit card usage fees and interest charged. How much money does this save?<\/p>\n Jay Tabor, fleet manager of G&J Trucking, explains that his job is to “squeeze every ounce of profit” and is “easily saving 6-7% on fuel<\/a>” by reducing transaction costs and by using rebates.<\/p>\n Who\u2019s a deal hunter? The Deal Guy shares his top 5 websites for hunting discounts.<\/p>\nFleet Fuel Cards!<\/strong><\/h4>\n
1) Taking Advantage of Rebates<\/h3>\n
2) Smart Deal Hunting<\/h3>\n