Better Budgeting: Peddle Your Way to Savings

Peddle Your Way to Savings

Money Saving Tip of the Month (featured column)
submitted by Doug L.

Riding my bike to work has saved me over $260.00 per month or over $3,000 per year.

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Ride Your Bike to Work

Parking in DC costs on average about $10.00 a day/ $50.00 per week/ $200.00 per month/ $2400 per year. My savings on gas is $20.00 per week/ $80.00 per month or $960 per year for a total savings between parking and gas of $3,360 per year.

This savings of $3,360 per year invested over 15 years with an annual return of 10% would be worth over $100,000.00 today.

I have been working downtown for 13 years and wish I had done this when I first began working here. I hope this tip helps others!

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Copyright © 2004 by Doug L. All rights reserved.

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