Go Back  Bike Forums > Bike Forums > Commuting
Reload this Page >

What do you do with your gas savings?

Notices
Commuting Bicycle commuting is easier than you think, before you know it, you'll be hooked. Learn the tips, hints, equipment, safety requirements for safely riding your bike to work.

What do you do with your gas savings?

Old 09-27-04, 07:42 PM
  #1  
slvoid
2-Cyl, 1/2 HP @ 90 RPM
Thread Starter
 
slvoid's Avatar
 
Join Date: Oct 2003
Location: NYC
Posts: 15,762

Bikes: 04' Specialized Hardrock Sport, 03' Giant OCR2 (SOLD!), 04' Litespeed Firenze, 04' Giant OCR Touring, 07' Specialized Langster Comp

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 4 Post(s)
Likes: 0
Liked 3 Times in 3 Posts
What do you do with your gas savings?

Does anyone put money in a jar every week as if they were paying for gas then count up the amount at the end of the month or year and go crazy with all the money in there?
slvoid is offline  
Old 09-27-04, 08:35 PM
  #2  
CPcyclist
Senior Member
 
CPcyclist's Avatar
 
Join Date: Jul 2004
Location: Wisconsin
Posts: 1,647

Bikes: Lemond Arrivee, Felt F1 Road, Tomac Revolver(full), GT race (hardtail)

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
I don't keep tracK I just spend more on cycling.
CPcyclist is offline  
Old 09-28-04, 09:33 AM
  #3  
kgatwork
Senior Member
 
kgatwork's Avatar
 
Join Date: Jun 2004
Posts: 250
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Save it for new biking toys.
kgatwork is offline  
Old 09-28-04, 09:41 AM
  #4  
GradStudent
Senior Member
 
Join Date: Aug 2004
Location: New Brunswick, NJ
Posts: 66
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Funny you ask - my husband and I decided to keep track of all expenses for the month of September. We have similar distance commutes, but he drives and I do a bike/train/bike commute. I was feeling guilty about some stuff I bought for my bike this month, I spent $174. Then we totaled up how much he spent on gas: $173. I don't feel guilty anymore.
GradStudent is offline  
Old 09-28-04, 10:57 AM
  #5  
Seanholio
Senior Member
 
Seanholio's Avatar
 
Join Date: Apr 2004
Location: San Jose, CA
Posts: 566

Bikes: Vision R40 - recumbent, Gunnar Crosshairs

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Bike stuff. I'm getting Arkel Panniers this month.

Since my truck payments were $500/mo, I don't even approach spending more than I was previously, so my wife is still happy.
Seanholio is offline  
Old 09-28-04, 11:01 AM
  #6  
westman2003
Senior Member
 
westman2003's Avatar
 
Join Date: Sep 2004
Location: Calgary
Posts: 96

Bikes: Norco MTB

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
I don't keep track either. Recently though my wife and I looked at buying a second car. However, common sense prevailed and when I looked at how much I would save by continuing to bike (no gas, payments, insurance, repairs, montly parking fee etc) I quickly decided to stay on the bike!
westman2003 is offline  
Old 09-28-04, 11:07 AM
  #7  
BenyBen
winter is comming
 
BenyBen's Avatar
 
Join Date: Sep 2004
Location: Lachine, Quebec, Canada
Posts: 531

Bikes: Mikado kensington 2003, "commuterized" 8yr old Mongoose hilltopper SX, Baycrest Hurricane 10 speed

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
I eat more junk so that I have to bike to keep the weight down, and save on transportation so I can eat more junk. lol

Seriously, I never owned a car, so I never took notice of how I spend the "gas" money... I guess I blow most of it on my computer and my bikes.
BenyBen is offline  
Old 09-28-04, 11:11 AM
  #8  
Jessica
cut my gas use in half
 
Jessica's Avatar
 
Join Date: Sep 2004
Location: Sacramento, CA
Posts: 324

Bikes: walmart beater, Dahon boardwalk, A bike, schwinn tandem

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
I figured when I got the bike, I save $4 a (commute) day on gas and insurance alone. We got rid of one car (still have a truck for long or huge load trips), and my commute is 16 miles one way. I use the lite rail and then bike on to work, but even that is not as much money as a car. We have gone to the store, filled up the cart, and then gotten it all home in one trip. Two bikes, baskets on front, rear panniers on one, and backpacks.
Jessica is offline  
Old 09-28-04, 11:15 AM
  #9  
John Ridley
Senior Member
 
Join Date: Sep 2004
Posts: 268
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Since this is my first year, I'm constantly buying stuff. I'm actually in the hole right now, just a little, but will be more so when I get really ready for cold weather. I have *no* cold weather gear, I've only ever noodled around outside before (sledding, snowman building, etc) so I need a full set, base layer out, AND I need studded tires. There goes another couple hundred bucks.

However, I suspect I'll really make it up next year, and the year after, etc.
John Ridley is offline  
Old 09-28-04, 11:16 AM
  #10  
leftnotracks
Vancouver, BC
 
leftnotracks's Avatar
 
Join Date: Aug 2004
Location: Vancouver, BC
Posts: 58

Bikes: Specialized Allez, Rocky Mountain Equipe

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
I save them. That's why they're called savings.
leftnotracks is offline  
Old 09-28-04, 12:28 PM
  #11  
catatonic
Chairman of the Bored
 
catatonic's Avatar
 
Join Date: May 2004
Location: St. Petersburg, FL
Posts: 5,825

Bikes: 2004 Raleigh Talus, 2001 Motobecane Vent Noir (Custom build for heavy riders)

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
Likes: 0
Liked 1 Time in 1 Post
pizza and beer, pizza and beer...oh and a few new bikes here and there
catatonic is offline  
Old 09-28-04, 12:53 PM
  #12  
brentj
Member
 
Join Date: Sep 2004
Location: Torrance, CA
Posts: 26

Bikes: 2003 Diamondback Response (refitted for commuting)

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Savings. The alternative is to buy a 2nd car, so we end up increasing our savings by about 400-500$ a month. Because of that I can usually justify 50-100$ spent on the bike per month(as needed).
brentj is offline  
Old 09-28-04, 01:00 PM
  #13  
caloso
Senior Member
 
caloso's Avatar
 
Join Date: Jul 2002
Location: Sacramento, California, USA
Posts: 40,192

Bikes: Ridley Excalibur, Gazelle Champion Mondial, On-One Pompino, Specialized Rock Hopper

Mentioned: 66 Post(s)
Tagged: 0 Thread(s)
Quoted: 2669 Post(s)
Liked 2,245 Times in 1,065 Posts
When I found out how much my coworkers were spending just to park downtown, I was ready to run over to Steve Rex's shop to have him start building my dream bike. It's insane the amount of money people are willing to pay just to avoid walking a few blocks.

No big purchases, but I feel no guilt at all in popping into the LBS for a new helmet, new pedals, new whatever.
caloso is offline  
Old 09-28-04, 02:18 PM
  #14  
leftnotracks
Vancouver, BC
 
leftnotracks's Avatar
 
Join Date: Aug 2004
Location: Vancouver, BC
Posts: 58

Bikes: Specialized Allez, Rocky Mountain Equipe

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
I dropped $100 on a new wheel this weekend. My GF seemed to think that was a painful expense, until I told her her car eats almost that much in a week.
leftnotracks is offline  
Old 09-28-04, 02:33 PM
  #15  
Dahon.Steve
Senior Member
 
Join Date: Dec 2001
Location: New Jersey
Posts: 7,141
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 257 Post(s)
Likes: 0
Liked 8 Times in 7 Posts
Originally Posted by slvoid
Does anyone put money in a jar every week as if they were paying for gas then count up the amount at the end of the month or year and go crazy with all the money in there?
The money in the jar goes to buy groceries now that I discovered a CoinStar machine in the supermarket.

As for gas, I remember the days when my old car would blead me dry. No more. With the price of a barrel of gas going up to $50.00 a gallon, the days of cheap gas are going by the wayside.
Dahon.Steve is offline  
Old 09-28-04, 02:49 PM
  #16  
madhouse
Senior Member
 
madhouse's Avatar
 
Join Date: Sep 2004
Location: Podunc, Minnesota
Posts: 416

Bikes: '14 Bacchetta Corsa, '93 Ryan Vanguard, Action Bent SWB USS

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
I log my commutes and pay myself $0.30/ mile. This money goes towards my biking habit. Since I bought a new bike I am in the hole 110 commutes, and I haven’t added cold weather gear yet

Being the father of 5 active kids I am not able to shed the car altogether… but I certainly have cut back on the usage!
madhouse is offline  
Old 09-28-04, 02:53 PM
  #17  
Bikesalot
Senior Member
 
Join Date: Dec 2001
Location: Portland, OR
Posts: 53
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
My wife and I haven't owned a car in three years. Despite a growing bike collection and much travel, our transportation savings added up to a healthy down payment on a nice house. If we'd had a car, the money would have gone down the gas/insurance/repairs rat hole instead of into an appreciating asset. It's double benefit--you save money in the short term and can use that savings to invest in the future! It's the fiscally responsible choice.
Bikesalot is offline  
Old 09-28-04, 06:40 PM
  #18  
Rowan
Senior Member
 
Join Date: Jun 2003
Posts: 16,757
Mentioned: 125 Post(s)
Tagged: 0 Thread(s)
Quoted: 1442 Post(s)
Liked 51 Times in 27 Posts
I don't keep track but know I have saved heaps by not owning a motor vehicle in the past seven years. It's paid for a long-term debt, a trip overseas, rental on a nicely located unit, a trip to the Australian mainland coming up to participate in various rides, and of course lots of new bike equipment.

I do seem to spend as much on eating on long rides as I would spend on fuel for a vehicle, though. Still, I get the pleasure of eating what I want, rather than paying some multinational corporation and Arab business types a big profit.
Rowan is offline  
Old 09-28-04, 09:27 PM
  #19  
Chris L
Every lane is a bike lane
 
Chris L's Avatar
 
Join Date: Apr 2000
Location: Gold Coast, Queensland, Australia - passionfruit capital of the universe!
Posts: 9,655
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 24 Post(s)
Liked 9 Times in 6 Posts
Originally Posted by GradStudent
Funny you ask - my husband and I decided to keep track of all expenses for the month of September. We have similar distance commutes, but he drives and I do a bike/train/bike commute. I was feeling guilty about some stuff I bought for my bike this month, I spent $174. Then we totaled up how much he spent on gas: $173. I don't feel guilty anymore.
You wait until the bill comes in for his next repair or set of tyres or similar. Then you'll see the true costs of car ownership.
__________________
I am clinically insane. I am proud of it.

That is all.
Chris L is offline  
Old 09-29-04, 11:53 AM
  #20  
Dahon.Steve
Senior Member
 
Join Date: Dec 2001
Location: New Jersey
Posts: 7,141
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 257 Post(s)
Likes: 0
Liked 8 Times in 7 Posts
Originally Posted by Bikesalot
our transportation savings added up to a healthy down payment on a nice house.
That's what I'm doing right now. Being car free enabled me to save boat loads of money for the first time in my life. I'm saving for that duplex too.

My brother and his wife make enough money to afford a house but they can't save anything since they own two cars. I think more people could afford the American dream but financing the car makes this impossible. You have to make a considerable amount of money to afford a home with two cars.
Dahon.Steve is offline  
Old 09-29-04, 12:22 PM
  #21  
leftnotracks
Vancouver, BC
 
leftnotracks's Avatar
 
Join Date: Aug 2004
Location: Vancouver, BC
Posts: 58

Bikes: Specialized Allez, Rocky Mountain Equipe

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Originally Posted by Dahon.Steve
I think more people could afford the American dream but financing the car makes this impossible. You have to make a considerable amount of money to afford a home with two cars.
Isn't the "American Dream" two cars?
leftnotracks is offline  
Old 09-29-04, 12:28 PM
  #22  
BenyBen
winter is comming
 
BenyBen's Avatar
 
Join Date: Sep 2004
Location: Lachine, Quebec, Canada
Posts: 531

Bikes: Mikado kensington 2003, "commuterized" 8yr old Mongoose hilltopper SX, Baycrest Hurricane 10 speed

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
I was gonna say that too.
BenyBen is offline  
Old 09-29-04, 01:41 PM
  #23  
Dahon.Steve
Senior Member
 
Join Date: Dec 2001
Location: New Jersey
Posts: 7,141
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 257 Post(s)
Likes: 0
Liked 8 Times in 7 Posts
Originally Posted by leftnotracks
Isn't the "American Dream" two cars?
I suppose it could be if one of those cars was a camper!
Dahon.Steve is offline  
Old 09-29-04, 03:09 PM
  #24  
coney
VegetarianBikeRider
 
coney's Avatar
 
Join Date: Aug 2004
Location: NYC, man.
Posts: 200
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
I have a subway expense. (I don't own a car. Woo hoo!) But it's $80 per month for the train, so most months, I save at least $70-75, cause I'll take the train in a downpour, but cycle in almost every day.

With the savings, I buy whiskey.
coney is offline  
Old 09-30-04, 04:01 AM
  #25  
Frodocious
Senior Member
 
Frodocious's Avatar
 
Join Date: Sep 2004
Location: Wirral, Merseyside, UK
Posts: 67

Bikes: Scott Mambo

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Each time I cycle to work I save around £2 on my bus fair (I only drive in if I'm staying late enough to miss the last bus home). I am currently saving this money towards a touring bike for when I graduate. As I only recently started to commute and then to put my savings away for the bike I currently have the grand total of £2 towards my nice new bike
Frodocious is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.