I was feeling a little guilty about spending several hundred $ on a new bike, then I got over it. I thought about the people that spend thousands on exercise equipment that they never use and end up selling for hundreds two years later at a garage sale. I use my bike everyday. It got me thinking about things I (my family) spends big bucks on that don't bring me nearly as much enjoyment as my bike and about necessities and their relative costs to a new bike based on a bike that costs about $700 give or take. I came up with:
1. About equivalent to two month's debt service on the home improvements we made.
2. A year and a half of car insurance (vehicles are so old I don't carry replacement coverage).
3. Just over half a year of property taxes on our home.
4. About 6 weeks of groceries.
5. About a year of basic cable and high speed internet.
6. A year and a half of cell phone bills.
7. About 3 minor car repairs.
8. 1 new piece of nice furniture.
9. Roughly a year's worth of gas (would be more if I didn't have a bike).
10. 4 months of Tae Kwon Do lessons for the kids.
11. Less than 3 months of my share of family health coverage through my employer.
12. Much less than 1 day in the hospital.
13. A little less than one month's mortgage payment.
14. Less than a year of homeowners' insurance.
15. Less than that trip up to NJ by plane to visit relatives.
16. Less than that crappy vacation in Williamsburg, VA last year.
17. Less than a week in most hotels.
18. Much less than donations to nonprofits each year.
19. Less than what we spend at Christmas time each year.
20. A year and a half of my wife's and kids' YMCA memberships (doesn't include the camps, extra swimming lessons and all that).
Cycling is my main source of transportation to work and my main source of enjoyable recreation. I can justify spending the money to get a quality rig.