Hoboken to NYC commuters – learn this tip today!
And I’m sure more than one of you has been in a hurry only to find out that you come up a nickel short on your fare, and miss your train as a result. Damnit! Why is that? Well, apparently it’s by design.
I Quant NY shares a simple tip – that instead of using the “pre-populated” purchase options when buying your MetroCard (i.e., $19.00) that you manually type the amount (in this case $19.05), and it will give you an exact number of rides – instead of some “leftover change.” They break down the fare amounts in an easy chart for your reference on their website.
And as a result of this “bad math,” the MTA receives $50 million dollars a year in unredeemed balances! That’s lottery money for God’s sake. Imagine if that was put to good use and out of the hands of some inept government agency?
411 Note: While this is certainly a helpful tip – I liken this to gas in your gas tank. NEVER let your gas go down below 1/4 tank, and people should learn to do the same on their metro cards. Better yet – use the EasyPay Xpress option and never worry about your MetroCard balance. But we understand some people live paycheck to paycheck, or don’t trust their financial info in the hands of morons.
(h/t Rob for the info!)