Putting fewer miles on your car may also save you money on auto insurance. Some auto insurers offer discounts if you keep your total car miles under 5, miles per year. My gym membership has two wheels. But 67 percent of gym memberships go unused, according to StatisticBrain. For less than the annual cost of a membership, you can buy a decent new bicycle that will last for many years and save you money every time you use it instead of driving your car. Read it online now.
Tax breaks for biking employees. To get this, your employer must participate in a commuter benefit program. Commute by bike to compute big savings. More Americans may be realizing the financial and lifestyle benefits of commuting to their jobs by bicycle.
More miles to the gallon. Want to get plus miles to the gallon? Again, biking is the answer. Granted, this will get you far. According to reports from a Ford Focus can travel over a thousands miles on a 52 litre tank of fuel. Pretty impressive. Well maybe, but not when you think that a bicycle will take you that same distance albeit a bit slower virtually for free.
Imagine the money we could save if we switched those short drives to pick up a few items at the shops, or dropping the kids off at school to a bike. According to the National Travel Survey , in England in people travelled an average of 6, miles a year.
We did a little calculation for you to work out how much you could save per year on fuel by switching trips under five miles from the car to a bike. The big difference is that many cyclists will do most repairs themselves.
If you fancy increasing your bike mechanic skills look into some of our courses. Fortunately, Road Tax was stopped in thanks to the work of Winston Churchill, so no one pays this anymore. Roads and their maintenance are paid for via general taxation and council tax - which everyone pays, no matter their choice of transport. This is determined by how polluting your vehicle is.
If they haven't signed up, invite them to get on board. Cycling burns calories rather than cash. Cycling is second only to walking as the cheapest way to get to work, and it's far more practical over average commuting distances. Here's how it stacks up against other forms of transport for a typical 5-mile each way commute.
To get a round number for annual mileage, we've assumed our cyclist will travel for 50 weeks a year rather than 48 as that gives 2,miles per year. We're assuming that they'll use the bike and equipment for five years, after which it will become worthless and need to be wholly replaced. This is close to a worst-case scenario — most cyclists will do better.
Calculate Your Savings. That's the Houses of Parliament, in the middle of London. Since many drivers will have breakdown cover, we added Cycle Rescue to our cyclist's Cycleguard policy. Money for lubricants and for slowly replacing things like tyres, cables, chains, cassettes etc.
You'll burn more calories commuting by bike , but these are as likely to come from excess body fat as extra bowls of cornflakes. There may or may not be a small bump in your food bill. The running costs of car aren't too bad compared with public transport.
For this amount you will get the best value for your money. Cheaper bikes will cost you more in the long run, spending additional money will get you diminishing returns. If you want to find out how much you should spend on a commuter bike I suggest you read this other article I wrote on Bike Commuter Hero.
You also need to invest some more in additional gear and tools such a pump, helmet, lights, rain jacket, pants, winter gloves, etc. As a beginner it is likely that you will purchase items that later you find impractical and you want to change so you might end up spending a bit more.
But keep in mind that most of these purchases are one time expenses. For a new rider it is better to buy a bike in this price range so as to get a feel for what bike commuting is like and to see you can stick with it. Once you get really into it you will know exactly what it is exactly you need in a commuter. There are some maintenance costs involving bike commuting. These costs include those things you need to do on a regular basis such as lubing, cleaning and changing tires, as well as irregular maintenance such as fixing flats , buying a new chain or a crankset, etc.
Despite higher initial costs, bike commuting will soon save you money. Calculating with the numbers above your bike will return the money invested in less than two months if you replace your car, or in less than a year if you replace public transportation.
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