Originally Posted by
Monster Pete
I don't think I've ever spent $500 on cycling in my life. It's possible to get going on a lot less, including the initial purchase of the bike. Gloves are quite useful if you come off as they offer a bit of hand protection when you put your hand out to break your fall, as well as keeping the wind off. CO2 inflators are convenient, but only good for one use, whereas a simple pump can be clipped to the frame and used forever. Likewise, if you don't mind stopping for a drink, a specialist water bottle and cage aren't necessary (I originally bought mine to hold the batteries for my lights.) I've also never worn cycling shorts- if the standard saddle is uncomfortable, it doesn't fit properly. A comfortable, practical saddle will allow cycling in regular clothes.
You're absolutely right, Monster Pete. It is possible to do it for next to nothing. However, I like new, high quality gear. I also bike commute 5,000-6,000 miles per year in all weather conditions and all seasons, and don't have the time or desire to hunt for freebies and the like. Someone who rides in the city 2 miles each way can get away with much less gear. I guess the best answer to the OP's question is that it depends on your needs and inclinations.