HomeBrewerDude
Lifer
- Jan 18, 2001
- 14,465
- 1
- 0
exactly what I was thinking.... thanks for doing this for us...You could also factor in increase probabilities for accidents, rising fuel prices, and traffic tickets and soak up the whatever is left over.
I wouldn't. That eats in a lot to my free time which would add to being much more valuable than 10k gross a year. Time is far more valuable to me than money though.
*EDIT*
BigJ also made some nice estimates which at least come close enough to justifying why it's not worth it. One additional thing he left out is that you would be spending more money on maintenance on the vehicle per year due to the increased number of miles.
*EDIT*
BigJ also made some nice estimates which at least come close enough to justifying why it's not worth it. One additional thing he left out is that you would be spending more money on maintenance on the vehicle per year due to the increased number of miles.
The $0.40 per mile estimate is a number given by AAA which includes things such as gas, maintenance, tires, etc. for a small sedan.
That figure would obviously be higher now though due to the increase in gas prices. The original number was when gas was around $2.40 a gallon.
You forgot the depreciation cost of the car/year by slapping an additional 15k miles on it. Then you also have to consider other things the increased chances of traffic, risk of accidents for being on the road for 1 more hour/day, especially if you live in location where it snows during winter.
http://www.pacebus.com/sub/vanpool/cost_of_driving.asp
Look at small sedan, 15,000 miles. Obviously it's going to be more now due to increased gas prices.
At the very least, it can't hurt to apply and interview and turn down the offer if you decide it's not worth the commute. Might irritate the person who offers you the job for wasting a little of their time, but that's business.
Gunslinger08
Lifer
- Nov 18, 2001
- 13,234
- 2
- 81
No. 5 to 7.5 hours of my time per week isn't worth an extra $192. That's $25.60 to $38.40 an hour, not counting gas, wear and tare, or depreciation. At 25 MPG and 30 extra miles each way, that's an extra 12 gallons of gas per week or about $48 at current prices. That brings you down to $19.20 to $28.80 per hour for those 5 to 7.5 hours of time. Even without including wear and tare, depreciation, or just general loss of time, that's not worth it.
I had a similar decision to make except in my case I currently own my house which is located 1 mile from my job. So 10K wasn't worth it. If I had been renting, then I probably would have made the move though.
alkemyst
No Lifer
- Feb 13, 2001
- 83,769
- 19
- 81
More than likely mom and dad or roomies.
Now I believe most are saying their time is worth more than $10k for an hour a day out of wishful thinking rather than reality.
To some an extra hour of WoW a day with mom and dad picking up the tab is worth more than anything to them.
Or maybe he doesn't live in an area where the cost of living is outrageous? Possibly he's a bit smart with his money and doesn't buy crap he doesn't need. It's really not hard to survive on that amount when you don't live in an area where rent and property values are ridiculously out of control. (i.e. NYC & SoCal)
Or maybe, when people do the math, that $10,000 really only turns out to be substantially less. I know it would in my case because an extra hour of commuting is an extra 60 miles each day. I already did the math showing it was a net gain of approximately $1,000 using costs from several years ago. $4/hour is not worth my time to drive an extra hour.
From the calculations I threw together before, with current gas prices, it would really be more like $0.49 instead of $0.40. So redoing the numbers yields $7,350 in driving costs. After taxes, you could come very close to actually losing money.
Nope, I wouldn't do it.
I make $60k/y now, and I live 3 minutes from work. I used to make $75k/y at an older job and it was about an hour each way. The amount of time I save during the day doesn't pay the extra $15,000, not to mention the wear and tear on your car, plus oil + gas + tires, etc is not worth it. Not one bit. :heart: my job.
I make $60k/y now, and I live 3 minutes from work. I used to make $75k/y at an older job and it was about an hour each way. The amount of time I save during the day doesn't pay the extra $15,000, not to mention the wear and tear on your car, plus oil + gas + tires, etc is not worth it. Not one bit. :heart: my job.
You hit the nail on the head.
Between me and the wife to be, we do fine. We live in a part of the country where 25k isn't some restaurant wage. I don't live beyond my means either.
Plus if I wanted to work private sector I could get a nice boost, but I have a lot of benefits working where I do.
If you look up the data, it's not that bad a pay for this area. I came from an area where I could of made substantially more, so I know that some of you do the same job I do and get a large amount more, but it's the way the world works. =)
I did this 3 yrs ago - took a pay cut and lesser position to be closer to home. The extra hour gained to spend with my family each day and not feeling road rage by the time I get home is worth way more. I've worked my way back up since.
AMCRambler
Diamond Member
- Jan 23, 2001
- 7,715
- 31
- 91
How many of you people would be willing to take a $10k/year paycut if your employer allowed you to work your job fulltime from home? i.e. no commute at all.
So you have to hoof it out to your job so that your GF doesn't have to be bothered with traveling more than 2 minutes to hers?
Scarpozzi
Lifer
- Jun 13, 2000
- 26,391
- 1,780
- 126
I wouldn't....but that's just because I can work from home sometimes if I want to... The problem though is working from home can sometimes decrease the chance of you getting a promotion...meaning, as your coworkers that show up get bumps in pay, you're more likely to get passed over.
If I made a lot more money and had kids, I might consider taking a $10k paycut, but it would be too large of a percentage now to do it. Working from home is STILL working and can sometime be more grueling if you can't separate personal life from work life.
HardcoreRobot
Lifer
- Nov 7, 2000
- 16,403
- 3
- 81
depends on what percentage increase it was
depends on the type of commute for me, a nice peaceful longer drive is better than a shorter distance + traffic
if you are starting your career, base pay becomes more important. a bump now will get compounded into every future % raise you get
depends on the type of commute for me, a nice peaceful longer drive is better than a shorter distance + traffic
if you are starting your career, base pay becomes more important. a bump now will get compounded into every future % raise you get
SpunkyJones
Diamond Member
- Apr 1, 2004
- 5,090
- 1
- 81
I would, I spend about $80/week in gas now, I probably wouldn't notice a 10k cut in pay with that money staying in my pocket.
Originally posted by: venkman
That's just something poor people say to make themselves feel better.
How about time > money?
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