Again with a low Sunday (a work day for me) of -24 it looks like I picked the wrong week to sell my car and use my bicycle as the main mode of transportation. But luckily, I live close to the bus line and the church is too; I can ride in comfort!
Nevertheless, I am anticipating an increase in the daily availability of cold hard cash. How so? True, my wallet will not look like a George Kantanza wallet filled with money (rather than sugar packets, napkins, & etc.) but I do expect a savings each month. I will no longer have to pay for auto insurance, gas, and maintenance costs. I will have to pay for some bus tickets, bike maintenance, & tools. But what was the true cost of having a car?
This week I calculated how much having an automobile cost me. I bought the car I sold used for roughly $6,500. Shortly afterwards and throughout the last few years I put roughly $5,500 in repairs for the car: new brakes, tires, battery, oil pan (nola roads), alternator, axle kits (nola roads again), and such. Plus the maintenance, gas, and insurance costs made for an additional $5,000. Which means the monthly average cost for having the car I sold on Saturday was $358. The cost for my bike, commuting gear, and tools >$1,000. Bus cards? Possible rental car costs for special trips?
C02 savings - weekly totals forthcoming.