The default petrol price for the Petrol Cost Calculator is provided to make it easier to make a quick estimate for the price of using petrol for a given distance. Today I decided to increase the default price to $1.50 as the price of petrol is currently floating in the $1.50-$1.60 range.
The problem for most of us is we don't factor in the cost of using our cars when we take even a short trip. I doubt if most of us even think about the cost when we fill up the car, except to think it is getting quite expensive. Next time you're filling up your tank of petrol think about the cost and how it relates to the hours you spend working each week. Hours of your life you'll never see again.
For example let's say you earn around $20 an hour and it costs around $60 to fill up your car. Because you pay tax and the Medicare levy, you need to earn around $90 to pay for $60 of petrol. That's around the first half day of your working life simply to top up the car.
The motor car is still one of the most convenient forms of transport we have today, but it does come at a cost. Working out how much your trips are costing you and making it real, may help you work out better ways to use your time and money. Because public transport is so heavily subsidised sometimes public transport may be more cost effective even if it isn't as time effective as the motor car. The only way to know is to do the sums and then work out which mode of transport is best for you.
Kelvin Eldridge
Online Connections
www.OnlineConnections.com.au
Call 0415 910 703 for computer support.
Servicing Templestowe, Doncaster, Eltham and the surrounding area.
The problem for most of us is we don't factor in the cost of using our cars when we take even a short trip. I doubt if most of us even think about the cost when we fill up the car, except to think it is getting quite expensive. Next time you're filling up your tank of petrol think about the cost and how it relates to the hours you spend working each week. Hours of your life you'll never see again.
For example let's say you earn around $20 an hour and it costs around $60 to fill up your car. Because you pay tax and the Medicare levy, you need to earn around $90 to pay for $60 of petrol. That's around the first half day of your working life simply to top up the car.
The motor car is still one of the most convenient forms of transport we have today, but it does come at a cost. Working out how much your trips are costing you and making it real, may help you work out better ways to use your time and money. Because public transport is so heavily subsidised sometimes public transport may be more cost effective even if it isn't as time effective as the motor car. The only way to know is to do the sums and then work out which mode of transport is best for you.
Kelvin Eldridge
Online Connections
www.OnlineConnections.com.au
Call 0415 910 703 for computer support.
Servicing Templestowe, Doncaster, Eltham and the surrounding area.
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