Unless we are unemployed, self-employed, or choose to telecommute, most of us have a physical commute that we undergo daily as we move from our homes, to our place of work, and then back to our homes again. As online calculator can show, the trip back and forth every day can be a costly one – especially if you drive a car. While there are certainly many factors to take into account, a person who commutes 10 miles to work and drives a car with average gas mileage can expect to pay over $200 per month on commute-related costs. This includes primary expenses (gas) as well as more peripheral ones (car maintenance). It does not include the cost of a parking pass at your place of work.
On its own, therefore, your commute can be similar to the cost of a home loan in the long run. For most people, this is simply an accepted fact of life; you need to commute in order to receive your paycheck, after all, and most Americans do not have easy access to mass transit.
That being said, if you’re looking to cut costs and you have the ability to explore other modes of transit, you may want to consider forsaking the car for a more budget-friendly (and environmentally-friendly) means of travel. Here are your options, broken down by cost:
