Only those who will risk going too far can possibly find out how far one can go.

- T.S. Eliot -

How about cash savings?

I wrote recently about the CO2 emissions that I have saved by riding my bike to work. A buddy who occasionally pops along here said to me that he wasn’t too bothered about my carbon emissions and was more motivated by cold hard cash. I promised to revisit my complicated mathematics and see how much cash I have saved (although this isn’t real cash as I don’t get it back).

The basic numbers for the bike bit

  • miles commuted in the past twelve months:2600
  • cost of new bike: £240
  • Maintenance costs: about £20 for some oil and an inner tube, £40 for new tyres
  • Clothing costs: New jacket – £75 (but not solely for commuting and it was a present
  • Grand total: £375

Basic numbers for the car bit

  • Petrol cost per litre (average): £1.40
  • Car fuel efficiency: 35 mpg
  • total cost without tax, servicing etc.: £472.79

Therefore, about £100 has been saved. I believed this is pretty balanced as I’ve not included car servicing and tax with is another chunk on cash. I didn’t include this as I’d run a car anyway so the commuting element makes very little different (excluding wear and tear). Also I’ve added some costs to the bike bit which could be argued away. But at the end of the day, commuting has saved a few quid and I’m happier and more productive as a result ( but normally late!). Happy days.