Flying The Web For News.
  • Career Exam Study
    Career Exam Study
  • E-commerce Guide
    E-commerce Guide
  • Dropshipping Guide
    Dropshipping Guide
  • Microsoft Exam
    Microsoft Exam
  • IT Career News
    IT Career News
+ Larger Font | - Smaller Font
Share

Infographics

The True Cost Of Commuting To Work By Car

Have you ever stopped to consider the cost of your daily commute?

It goes beyond just gas - using a car to get to work is expensive when you calculate all of the cost factors that go into properly maintaining a car for daily use. Costs of driving include depreciation, gas, oil, maintenance, and tires. Not to mention the value of your own time. While the daily cost might seem like a necessary evil, think of the total cost over a span of 30 or 40 years. If you factor in lost opportunity cost, you could be costing yourself up to a $1 million dollars!

When thinking of sacrificing an additional $1 million to a retirement fund, a daily commute becomes a huge expense. A long commute may also cost you more than just money. Think of the time lost and the health risks that are associated. Longer commutes correlate with health risks such as obesity, high blood pressure, depression, and back pain.

This begs the question, how can you avoid a commute to save time, money and improve your health? Perhaps by taking public transportation, biking or even moving closer to the location of your work. Unsure of how much to save for retirement? Or does saving for retirement seems far off? Take a look at this young couple’s story - at the age of 30, they have saved $1million to be financially independent. Once you see the lifetime cost of commuting, you might rethink that drive to work in the morning.
*Depending on your location cost may vary on your commute.




Vehicle Expenses Driving To Work Over 30 Year Career
Infographic Provided By InvestmentZen.com



Related News Stories From The Web And More

Related Bing News Search Results

Vehicle Expenses Driving To Work Over 30 Year Career - Newscast

5 Key Expenses To Consider When Building an Emergency Fund

Fri, 24 May 2024 13:57:26 GMT An emergency fund can be the difference between financial stability and disaster. Here are tips on what to include in your emergency fund.

True Cost of Commuting: 6 Ways To Stop Overspending on Your Daily Drive

Fri, 10 May 2024 12:41:00 GMT This can cut your costs in half if you take time driving. However, some of the fixed expenses of commuting, including your car payments and insurance, won’t change if you carpool. It might be ...

A Guide to Reimbursing Expenses

Fri, 10 May 2024 07:16:00 GMT Learn how to create a reimbursement policy that will help you manage expenses ... for everyday commuting, nor is mileage reimbursable if an employee is using a rental car paid for by the company.

5 best credit cards for commuting in May 2024

Thu, 09 May 2024 03:42:00 GMT The 5 best credit cards for commuting in 2024 These are CNN Underscored Money’s picks for the best credit cards for commuting expenses in 2023. There’s no one best card for all commuters, so ...

The cost of commuting: Getting to and from work is going to cost you in Southwest Florida

Tue, 02 Apr 2024 16:59:00 GMT Add to the stress all of the expenses for getting to and from work ... data showed nine out of the 10 most expensive cities in the U.S. for car commuting are located in Florida.


Blow Us A Whistle