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Should You Pay Extra For a Speedier Commute?
I could be saving a lot of money on my daily commute.
Last month, I spent $534 for 34 ferry trips between my hometown and my job in New York. Taking the train would cost me $273 a month, including parking at the train station — a savings of $261 a month, or $3,132 a year.
That’s a decent chunk of change — enough to pay for about half of the deck project we recently completed, or take care of most of our son Gerald’s summer-camp tuition. If my husband Gerry and I invested that $261 a month in a tax-deferred account over the next 15 years, we’d wind up with an additional $83,223 in retirement savings, assuming a conservative 6% annual return. That would go a long way toward helping us achieve our goal of retiring at 55.
By Terri Cullen
From The Wall Street Journal Online
Full Story: http://www.careerjournal.com/myc/officelife/20061110-cullen.html?cjcontent=mail
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