| An extra $358,000 in your retirement? Yes please... |
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| Blog - Smart Blogging |
| Written by Bridget O'Sullivan |
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Ditching the family car could deliver an extra $358,000 in your retirement according to an article in today's Age newspaper. For those in your 20's - this could amount to 1.04M, with the right investment strategy. Based on a report published in Bicycle Victoria's Ride On magazine which compared the cost of running a family car, including servicing, petrol & parking, to that of cycling to work, apparently ditching the car in favour of riding could result in savings of up to $10,000 a year. What do you think? Would savings like this motivate you to dust off the old peddly and start riding? Unfortunately, for many of us in rural areas, the practicalities of working, combined with shuffling different family members to different places means that ditching the family car is not that feasible, however maybe ditching the 2nd family car is. Yes, some of the incentives for cycling in say Melbourne, are not present in Ballarat. Parking is easily available here and is inexpensive and peak hour traffic fairly non-existent for example. But maybe the financial savings (think warm, lazy sunsets overlooking the ocean, all made possible with an extra $358,000!) would be enought to motivate you to sell the second car, drag the bike out of the shed and start peddling? What do you think... Tahiti here we come (on a fully carbon offset plane ticket of course!) |
| Last Updated on Monday, 01 August 2011 06:45 |
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