It’s getting harder and harder for the average family to make ends meet. Even if you don’t have a lot of financial obligations, you may be trying to tighten the belt or save for a rainy day. You have likely embraced a number of cost-cutting strategies in order to make this happen, such as rethinking your budget and scaling back on dining out, entertainment, and even your utility and grocery bills. And yet, you’re probably still sinking a ton of money into your car. Although a long commute necessitates the use of a vehicle (whether it’s your own, you carpool, or you utilize mass transit), those who work close to home and mainly travel within a small community could easily switch to a bicycle and save a ton of money. Here are just a few ways in which bikes can help you to get ahead (financially and otherwise).
Gas. Although the cost of petroleum has been fluctuating over the last year, it still remains high on the whole. So whether your drive is long or short you could be spending an arm and a leg to keep your vehicle running. Even if you feel like you have to use a car for the morning commute you can still ride your bike for local errands, saving you at least a little on the ongoing cost of gas. Or you could take your bike on the morning commuter train and ride it from your drop-off station to the office.
Maintenance. Cars not only cost a lot to purchase, their upkeep can be pretty expensive, as well. Aside from frequent fluid changes, you may eventually have to shell out for major services, parts replacements, and even an overhaul. Of course, if you have an accident, you could end up paying a lot more. Although bicycles may eventually need air in the tires or a little WD-40 on the chain, maintenance is going to be a lot less expensive.
Other costs. Another attendant cost with your car is vehicle registration. You could save hundreds of dollars by choosing a bike over a motorized vehicle, even if you decide to register your car as non-operational for the time being. Of course, you may also be on the hook for the cost of parking (or parking tickets), cleaning your vehicle, and even depreciation. In short, there are a lot of hidden costs included.
Insurance. The last major expense involved in owning a vehicle is automobile insurance, and it can be a doozy. There is no country in the world that requires you to obtain bike insurance UK, U.S., or other, so you’ll definitely save some money in that regard. And anyone who is worried about liability should know that most homeowner’s or renter’s insurance policies cover bicycles by extension (although you’ll have to check in with your provider to be sure).
Health. One cost you may not have considered is the cost to your health. Riding a bicycle is a great way to lose weight, increase stamina, improve cardiopulmonary function, and stave off a number of diseases. This could save you a lot on health costs over time by improving your overall health. Can cars do that? No contest.