HOW MUCH IS YOUR COMMUTE COSTING YOU? THE TRUE COST OF CAR COMMUTING | "Global Possibilities" Committed to educating the public about solutions to our ecological, economic and political crises. Home About Us Bios Educational Archives Donald W. Aitken Keynote Presentation Links Film & Video “Who’s Got The Power?” Video Casey Coates Danson Design Projects Casey Coates Danson Bio Angels Unawares US Homeless Sleeping Accommodation Directory Topics Activism Architecture Climate Change Conferences Design Economy Energy Environment Food Fracking Health Media News Oceans Politics Sustainability How To Be Green Visionaries Water Contact Us Home » Environment » HOW MUCH IS YOUR COMMUTE COSTING YOU? THE TRUE COST OF CAR COMMUTING HOW MUCH IS YOUR COMMUTE COSTING YOU? THE TRUE COST OF CAR COMMUTING Apr 24, 2017 by Casey Coates Danson [Translate] It’s like the world doesn’t want you to own a car. Everywhere you turn, there is yet another compelling reason to ditch your vehicle or trade it in for a bicycle or a nice pair of running shoes. Cars in most cases, are a financial liability. If you’re not a taxi driver or using your car for a cab or hire service, it is probably costing you a staggering amount of money, not to mention contributing negatively to the environment. However, the justification is that a car saves you time, is more convenient, and makes life easier, thus saving you money… These might sound like valid points, but on further analysis they may not be as valid as we might think. The infographic below from InvestmentZen shows how your daily commute to work could not only cost you thousands of dollars per year on average, but could also cost you well over a million dollars over your life span in terms of the opportunities lost. The calculation factors in depreciation, gas, maintenance, lost wages and mileage. As much as saving money is important, InvestmentZen also considered how that money could have been channelled towards something more meaningful, like retirement planning. The next time you drive your car to work, this will not only give you a clear idea of what you are doing with your money, but also what you have to do to recuperate it. Consider all the various options: car pools, public transportation, relocation and cycling, based on what is realistic for you. The decision you make today will go a long way to improving your personal life, traffic gridlocks and of course, other city-wide sustainability efforts. Related Posts Regular Use of Ivermectin as Prophylaxis for COVID-19 Led Up to a 92% Reduction in COVID-19 Mortality Rate Posted on Sep 9, 2022 OUR WORK GET INVOLVED ABOUT Search Back to All Blog Posts Utah Water Deal Siphons Colorado River Tributary Posted on Aug 9, 2022 Feel like the climate crisis is out of control? Here’s some good new Posted on Aug 4, 2022 COVID Jab Spike Remains in Body, Affects DNA: 1 Holistic Way to Repair DNA and Reduce Spike Damage Posted on Jun 10, 2022 Tags Car Climate Change Commute Economy Energy Environment gas Gridlock News oil Sustainability traffic Share This Leave a Reply Cancel reply Your email address will not be published. Required fields are marked * Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ Subscribe to receive new blogposts Leave This Blank: Leave This Blank Too: Do Not Change This: Your email: Contact Us! Donate to Global Possibilities Recent Posts Regular Use of Ivermectin as Prophylaxis for COVID-19 Led Up to a 92% Reduction in COVID-19 Mortality Rate Purchase – ANGELS UNAWARES Angels Unawares Awarded Outstanding Book of the Year – Most Original Concept for 2019 by Independent Publisher Book Awards! 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