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Calculate Savings of Biking to Work

Calculate the Money You'd Save Biking to Work

The merry month of May is all about tooling around on two wheels for me — between the Tour of California and National Bike Month, I'm in cyclist heaven.

Biking burns calories, decreases your carbon footprint, and can help your wallet. Commuting by bike can save you dough — no money for gas, tolls, or parking. In fact, the personal finance magazine Kiplinger's has created a bike commuter calculator to help put a monetary value on bike commuting. Just enter your mileage, parking expenses, and tolls to learn how much money cycling will save you daily.

Pretty cool to save money and burn calories while heading to the office — did you bike to work this week?

Image Source: Thinkstock
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Join The Conversation
totygoliguez totygoliguez 5 years
What a Coincidence, I wrote an article about Bike Week in my home town. Fortunately for me, my city is very bicycle friendly.
tlsgirl tlsgirl 5 years
Well, when you think about the medical costs I'd incur, it definitely outweighs the savings.
shaima shaima 5 years
I live in Paris and i can't imagine myself biking in a big city even though i see people doing it everyday. I envy them but the risk is too big for me.
lilkimbo lilkimbo 5 years
I really need to actually get off my butt and get a bike. It's something I've been considering for a while, mainly for commuting purposes. I take public transportation now, so it wouldn't really affect my carbon footprint, but it would be a good way to fit in a small amount of exercise and it would save me time and money. (I spend about $13.50 a week going to and from work, depending on whether I take a bus or metro, so even if I still took public transportation elsewhere and just biked to and from work, I could save $675 a year if I did it every day! I figure I would do it about 2/3 of the time, since I wouldn't bike in horrible rain, snow, or extremely warm temps/high humidity, so I would save about $450 a year and my bike would be paid for in a year and a half or so. Not bad!)
le-romantique le-romantique 5 years
Besides the fact that I can't ride a bike, I can't imagine riding the 30mile (round trip) ride to and from work everyday in Saint Petersburg's 94 degree weather... thats a death wish. So unfortunately, I can't take advantage of this :( BUT I have been parking at the top of parking garages and taking the stairs up/down this month! Thats a start.
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