Bikenomics ๐Ÿšดโ€โ™€๏ธ๐Ÿšดโ€โ™‚๏ธ

According to the Department of Transportation, in 2020 the average American household spent nearly $10,000 per year on gasoline, car maintenance, and other forms of transit. ๐Ÿš—๐Ÿ›ปTransportation was the second largest item on the budget, being outpaced only by the cost of housing. ๐Ÿ˜๏ธ
With rising prices, that cost is almost certainly much higher today.
What is a realistic way to reduce that cost?
Bicycles. ๐Ÿšดโ€โ™€๏ธ๐Ÿšดโ€โ™‚๏ธ
While bikes aren’t necessarily the most convenient, if you incorporate them, they can save you a lot of money and also have health benefits. ๐Ÿ’ต๐Ÿ‘ฉโ€โš•๏ธ
1. Low cost. ๐Ÿ’ฒ
A standard new commuter bike costs between $500-1,000. A used bike can be even less. A few years ago, I bought a vintage 1980s Panasonic Steel Road Bike for $150. If you bike just one day per week, the savings can more than pay for the cost of the bike in a matter of months.
2. Real Savings. ๐Ÿ’ฐ
Biking once a week to the grocery store, to work, or to visit a friend can save you a lot of money. Assuming the standard IRS deduction of $0.50 per mile, if you bike only 10 miles per week that could translate into a savings of at least $300 per year.
3. Health Benefits. ๐Ÿ’ช
If you can incorporate some of your daily commute with exercise, biking will not only make you feel better, it may help you live longer.
With costs continuing to rise, this could be an excellent way to live a less expensive, healthier life. It will let you be outside more, too.
Have a great weekend, and I’ll talk to you again soon!

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