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Is it worth giving up a car to live closer to work?

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7.62x51

Bronze Contributor
Speedway Pass
Jan 27, 2015
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I'm mainly interested in doing this to get the additional time to work on my project.

If I live less than 5 mins away (on a bike), I could get about 1 hour of work done from home during lunch. If I were driving and I give myself half hour to get to work, I would be saving about 50 mins from the commute (round trip), rounded off to 1 hour (don't need to worry about traffic jams).

So in total I could get an additional 2 hours of work done on my project during every work day (1 hr during lunch, 1 hr from the reduced commute).

Which works out to 10 hrs / week, 52 weeks in a year, so 520 hrs devoted to my personal project in a year, not factoring in weekends.

Any thoughts?
 

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jpanarra

Platinum Contributor
FASTLANE INSIDER
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Speedway Pass
Jan 9, 2014
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Indianapolis, Indiana
If you're thinking about a bike, maybe consider a moped or motorcycle. They're great on gas and you can expand where you're planning on living. A used moped/motorcycle can be easily under 1k and the gas is crazy efficient bc you're not tugging 1 ton of a metal box with you.
 

ygtrhos

Bronze Contributor
Read Millionaire Fastlane
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Speedway Pass
Dec 27, 2016
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Living simple is always profitable.

Apart from commute time, you will save the following:

- Money
- Attention and energy
- The wasted time and energy for inspections and maintenance

I am a huge fan of living close to work.
 

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