Consider the following points if you are thinking about trying Uber:
- Earnings: I made $143.73 over three Uber shifts, totaling roughly 10 hours of active driving. I completed 10 trips, put 305 miles on my economical Uber rental, and spent $38.80 on one tank of gas. After subtracting gas costs, I earned $104.93, or $10.49 an hour. Surprisingly, only $3 of my earnings were tips.
- Comparison: The minimum wage in Maryland easily beats my Uber earnings at $15.00 per hour.
- Flexibility: During my Uber shifts, I learned the importance of being open to where the trip takes you. To earn higher fares, you need to be flexible. I missed out on potential earnings by skipping trips that were too far from my home base.
- Car Rental: I used Uber’s car rental service to drive a more appropriate vehicle for the job. However, renting from Uber-approved partners can be expensive, costing $260 or more per week. It may be more cost-effective to find an affordable used car instead.
- Financial Planning: Consider setting aside a "slush fund" for car costs like maintenance and repairs. This daily habit can help cover unexpected expenses and save for future car needs.
- Human Connection: Driving for Uber can offer more than just monetary benefits. I met a seasoned Uber driver who found solace and connection through driving after a difficult time in his life. The human side of rideshare can be rewarding in unexpected ways.
Overall, my Uber experience was not as lucrative as I had hoped, but it was a valuable learning opportunity. If you decide to drive for Uber, remember to track your earnings, consider your car options carefully, and prioritize financial planning for future expenses. And always remember the human side of the rideshare experience.