Tuesday, August 31, 2010
Tossing It Out Tuesday: How's That Commute Working For You?
Most of us own a car or even two or more vehicles. In most locales it is almost a necessity to have some sort of personal transportation. If you live in an urban area like New York City, vehicle ownership may be cost prohibitive. In these settings public transportation is a given--nearly everybody is using it. In the more sprawling areas like Los Angeles, Miami, or Houston commuting in one's own vehicle is more the norm. But perhaps some of the economic factors should be considered.
On the average, owning a newer vehicle will cost the owner $400 or more per month once you have factored in payments, insurance, registration, gas, and maintenance. Additionally some drivers who are commuting to a workplace may be paying highway tolls and parking, which can be up to $100 per month or more. This can all add up in a years time to $4000 or even much more than that.
Carpooling can be a great option for some, but it's not always a practical solution. If you have easy access to a public transportation line or are near a park-and-ride lot, commuting in this manner can save a considerable amount of money. Monthly transportation passes are less than $100 in most cases.