One Time Bike Expenses:
- $630 Bike
- $80 locking skewers
- $80 bike pump
- $30 bike theft registration
- $150 large backpack
- $20 fancy bungie cords
- $70 Shimano PD-A530 clipless SPD pedals (SM-SH56, silver – multiple release mode cleats)
- $100 Keen Austin Pedal Bike Shoes
- $40 bike stand
- $60 nice front and rear lights for city riding
- $40 bright headlight for dark roads
$1300 Total One Time Bike Capital Expenses
Ongoing Bike Expenses
- 5-12 $90
- 6-12 $90
- 7-12 $185 (daily summer school at College of Alameda)
- 8-12 $117
- 9-12 $45
$517 total Clipper Card train & bus fares in 4 months
- $30 two flat tires fixed in 4 months
- $400 eating 500 extra calories day for 4 months
4 Month (May 1-Oct 1) expenses while on a bike from above
$1300 + $517 + $30 + $400 = $2,247 / 4 months = $560/month.
Until I sold it, my car cost $610/month. Amortizing my capital expenses over 4 the last months, the bike cost about the same ($560/month) as a car.
I haven’t figured in the bother of not having a car at the ready, having to occasionally rely on Megan to pick me up at the BART station, or the freedom of not worrying about maintenance.
In future months, the bike should cost:
$100/month transit expenses, or less as I slowly become able to ride longer distances.
$100/month extra food, I am eating a lot more while biking more!
$20/month misc expenses, a wild guess.
Curiously, I haven’t found good occasion to use my Zipcar membership at all in the year I’ve had it. I’m going to cancel my membership. Granted, I’ve gotten help from Megan and others with the occasional grocery store run.
Going forward, it looks like the bike will cost $220/month ($2640/year) where the car used to cost me $610/month. ($7,320/month), a savings of 64%, $390/month ($4680/year). Hmm! That’s not as much savings as I thought, but it’s good. Or I can think about it another way… I now have a $390/month travel slush fund to do with what I please!