Friday, June 19, 2009

Bicycle commuter savings calculator

Kiplinger has a commuter calculator that's supposed to tell you how much you save by riding a bicycle to work and back. It asks you to plug in the round trip distance, parking fees, and any tolls. Then it gives you an estimate.

Now, I don't pay for parking or tolls, and my commute is 17 miles round trip. This calculator says I save $7.72 per day! That can't be right, can it?

Their methodology says that driving costs 55 cents per mile while cycling costs 19 cents per mile.




Blogger The Donut Guy said...

My cycling costs are a bit higher. Mine are about 300 dollars a mile. I bought a bike right before my knee surgery and have only ridden it twice so far......

4:45 AM  
Blogger Paul Tay said...

Whatever. Any savings due to my cycling is already spent on debt service to pay off the GM bailout that went NOWHERE.

9:25 AM  
Blogger A Midnight Rider said...

I used my bike savings and the economic recovery to buy a new Pontiac.

6:17 PM  
Blogger Ed W said...

The old Ford Contour finally died in May. We replaced it with a 2007 Pontiac Grand Prix, the nicest car I've ever had. I just hope it's as tough as that Ford.

8:31 PM  
Blogger Risan said...

The car cost includes insurance, so to truly save you have to drop that too.

8:06 AM  
Blogger Ed W said...

I'm reading Mionske's book right now, and one of the things he said is that automobile insurance coverage can protect you from uninsured motorists and crash-related medical costs. It's a subject worthy of a longer post.

3:30 PM  

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