FMK: Living The Bicycle Lifestyle Part 2 of 2 (Frugal Life Philosophy)

FREE YOURSELF FROM BEING A SLAVE TO THE MOTOR VEHICLE

CAR OWNER INCOME: $40,000/YEAR
1) $20/hour, 40 hours a week, $3200/month, $40,000/year

CAR OWNER LOST INCOME: $15,000/YEAR
1) $20/hour, 40 hours a week, Over time pay $30/hour
2) Job location is 30 miles one way, 60 miles both ways. 1 hour commute time 1 way, 2 hours both ways per day, 10 hours/week, 40 hours/month. 500 hours/year. Lost income in over time pay: $1200/month, $15,000/year.
3) Time is seen as lost income b/c it is a forced drive, it is not seen as play, there is no exercise taking place.

CAR OWNER EXPENSES
1) Purchases a $30,000 vehicle on a 5 year plan. $500/month, $6000/year
2) Insurance: $35/month, $420/year
3) Gas: 20 miles per gallon in city, $3.25 per gallon. Job is 30 miles one way, 60 miles two ways. 60 miles a day, 5 days a week, 300 miles a week, 1200 miles a month. 60 gallons of gas a month. Gas: $200/month, $2400/year
4) Oil change every 3 months, oil change costs $30. Oil change equates to $10/month, $120/year
5) License plate sticker: $80/year
6) City Sticker: $75/year
7) Misc. Maintenance fees: $30/month, $360/year
8) Parking Tickets: $75/year (3 tickets)
9) Traffic Tickets: $375/year (3 tickets)
10) License Plate: $10/year

CAR OWNER TOTAL EXPENSES FOR THE YEAR: $10,000

CAR OWNER TOTAL ACTUAL PROFIT FOR THE YEAR: $15,000
$40,000-$15000-$10,000=$15,000

BIKE OWNER INCOME: $20,000/YEAR
1) $10/hour, 40 hours a week, $1600/month, $20,000/year

BIKE OWNER LOST INCOME: $0/YEAR
1) Job location is 5 miles one way. 10 miles both ways. It takes 30 min. one way, 1 hour both ways. No income is lost because the commute is viewed as a 1 hour exercise every day. The bike ride is seen as play, not forced work.

BIKE OWNER SAVED TIME CONVERTED TO INCOME: $3600/YEAR
1) The bike owner only lives 5 miles from home so his commute time back and force equals 1 hour per day. Whereas the car owners commute time is 2 hours because the job location is 30 miles away from his home. The bike owner saves 1 hour of time a day over the car owner. 5 hours a week, 20 hours a month. 240 hours year.
2) The bike owner makes $10/hr, converted to ovetime pay it is $15/hr. The additional income converted is $300/month. $3600/year.

BIKE OWNER EXPENSES
1) Purchase a $250 bicycle. $250/year
2) Maintenance Fees: $18/year (3 tire flats)

BIKE OWNER TOTAL EXPENSES FOR THE YEAR: $268

BIKE OWNER TOTAL ACTUAL PROFIT FOR THE YEAR: $23,332
$20,000-$268+$3600=$23,332


THE BIKE OWNER MAKES OVER $8000 PER YEAR MORE THAN THE CAR OWNER IN THIS EXAMPLE

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Autos & Vehicles

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[happymom2day]

Before I became a mom of 3 I made $24 per hour. It only took me 15 minutes to get to work on the bus and I had a very nice car to use in the evenings and weekends that I paid off in less than 2 years. So your theory is nonsense to most hard working Americans.

[1776theylive1984]

I figure I'm saving at least $4000 a year by not driving a car, probably more. It's money that stays in my pocket rather than supporting the oil and insurance cartels. I love the simplicity of the bike. Not quite as convenient as a car but the economic advantages far outweigh that for me. Not having a car has the side benefit that I am not constantly needlessly going places and spending money on stuff I don't need just because it's easy to get there.

[PoorBoyRider1]

well except that whole getting robbed on the way home part as bike owner lives in a bad neighborhood

[thepurpledragon5]

Never really thought about it that way. This information is quite valuable. Thanks.

[MRPDR12]

Damn true