http://bridgewater.patch.com/groups/trending-in-america/p/science-your-long-commute-is-making-you-sick--and-poor13707388
DC is the worst according to this study
QuoteIn fuel alone, a 40-mile daily commute at 50 cents a mile will put you out $50,000 over 10 years if you work 2,500 days total, anonymous personal finance blogger Mr. Money Mustache explained to Reuters.
WAT
At $4/gal you have to be averaging 8 MPG for gas to cost 50 cents per mile. Even if you include purchase price of the car, maintenance, etc. you have to be driving something relatively expensive and inefficient to get to 50 cents per mile. By my own calculations I'd estimate the per mile costs associated with my car come out to maybe 30 cents, not including insurance and other costs which don't correlate to number of miles driven.
I don't know how they came to that figure, but there is also the opportunity cost to commuting (i.e. you are sitting in traffic instead of doing something more profitable).
Quote from: Duke87 on June 06, 2014, 12:33:49 AM
Quote...not including insurance and other costs which don't correlate to number of miles driven.
Some car insurance policies do factor in your distance between home and from work. Longer commute = greater chance for accident claim = higher premiums.
The message I got is "suburbs bad, urban areas good".
Quote from: Duke87 on June 06, 2014, 12:33:49 AM
QuoteIn fuel alone, a 40-mile daily commute at 50 cents a mile will put you out $50,000 over 10 years if you work 2,500 days total, anonymous personal finance blogger Mr. Money Mustache explained to Reuters.
WAT
At $4/gal you have to be averaging 8 MPG for gas to cost 50 cents per mile. Even if you include purchase price of the car, maintenance, etc. you have to be driving something relatively expensive and inefficient to get to 50 cents per mile. By my own calculations I'd estimate the per mile costs associated with my car come out to maybe 30 cents, not including insurance and other costs which don't correlate to number of miles driven.
I drive in a city, in a truck. Though it's true insurance doesn't correlate to miles, it and gas get me very close to 50¢ per mile. There is something like 5¢ left over for all other expenses. I realize I may be at the extreme, but at least my deduction rate is fairly accurate.
QuoteIn fuel alone, a 40-mile daily commute at 50 cents a mile will put you out $50,000 over 10 years if you work 2,500 days total, anonymous personal finance blogger Mr. Money Mustache explained to Reuters.
What fun is must be to say whatever you want, have it published, and not have it come back to bite you in the ass because you are anonymous.
This is why roll my eyes whenever I hear "Experts Say"...because rarely are those experts ever revealed, and when the experts are wrong, they are never re-questioned about why they were wrong.