How long do you think you spend commuting? The average Briton spends a year of their lives, or 10,634 hours travelling to and from work across their lifetime, and the time of the average commute increased from 45 minutes in 2003, to 54 minutes in 2014.
Suffice to say, time also equates to money. Recent research has revealed that on average, London commuters travelling by a combination of car and rail spend over £4,000 per year on their journey – including £3,105 on their rail season ticket and £976 on parking at the train station.
Over a lifetime, it’s an even worse picture. A commuter who spends on average £60 a week and has been working since the age of 20, with a projected retirement age of 70, will spend £141,000 travelling to work over a lifetime.
Data has been captured by a new online tool created by Ford calculates ‘how bad your commute is’ based on how much time and money is being invested daily getting to and from work. Want to know? Try it out here.
The extortionate expense of the daily commute is putting a lot of dents in a lot of wallets, and commuters are starting to explore other options (and we don’t blame them!)
Cycling, walking/running, and carpooling are logical alternatives to saving money (and quite often time) when travelling to and from work on a daily basis.
With London and other UK towns and cities becoming ever-more cycling friendly, with greater access to city bikes, cycle lanes and bike parks than ever before, it’s becoming the preferred choice of transport for many commuters.
Many other commuters are latching onto the benefits of carpooling schemes - why drive to work when someone else can, and you can share the cost? The daily commute amounts to a significant cost over time, and by sharing the journey, you could be saving up to £1500 per year.
For a driver, you can even start earning money on your daily commute by benefitting from contributions from other passengers. What’s more, the office car parking just got a whole lot easier and a whole lot less expensive.
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