The True Cost of Commuting

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Mr. Money Mustache of Lifehacker talks about the “true” cost of commuting:

Let’s take a typical day’s drive for this self-destructive couple. Adding 38 miles of round-trip driving at the IRS’s estimate of total driving cost of $0.51 per mile, there’s $19 per day of direct driving and car ownership costs. It is possible to drive for less, but these people happen to have fairly new cars, bought on credit, so they are wasting the full amount.

This is a really in-depth article focused on the cost of buying cars with loans and living too far from work. It is crazy to see the numbers presented in the way they are, and really amplifies why telecommuting is becoming more and more popular.