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No Gas in June: Update

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Late in May, I decided that my income needed a boost in order to reach my goal of paying off my house by the end of the year. However, with no immediate solutions, I decided that I would just try to save more money, and one of the best ways seemed to be to stop visiting the gas station.

Of course, I just can’t say, “I’m not going to fuel up anymore” and then drive all over the place just like I had been doing in the past. This action would just lead me right back to the gas station each week. I needed to develop a plan that would involve my tennis shoes and my bicycle.

My work is approximately 8 miles away from my house and is mostly through the city. Since the route I take to work has a maximum speed of 35 miles per hour, I can easily ride these roads with my bicycle. By getting my speed up to 20 mph, I feel pretty safe and my bike ride to work only takes 30 minutes. Plus, I get a full hour of exercise each time I ride! It’s a win-win!

So How Am I Doing So Far?

Well, I am 15 days into the challenge and I have already driven 205 miles… It doesn’t sound good, but let me plead my case and give you the breakdown of how I got to this point.

  • Drove to work 2 days the first week because I needed to mow a lawn near work (Tuesday) and had to attend a funeral (Wednesday); 30 miles
  • Drove 85 miles to run a 5k with my girlfriend
  • Drove to my parents’ cottage to chat and shoot the breeze because I hadn’t seen them in a while (approx. 30 miles)
  • Drove to the beach twice to watch the boats go through the channel (date night if you will; 30 miles)
  • Drove to work 2 days in the second week. Once to mow lawn, and once due to rain; 30 miles

It is amazing how fast the miles can pile up! Fortunately for me, I can often drive 350+ miles on one tank of gas. So, I’m half way through the month and have gone through 59% of my gas. That’s not terrible. All I need is one more solid week of bike riding and I think I can make it!

So what do you think? Can I make it a whole month without spending money on gas?

Money

AUTHOR Derek

My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.

5 Comments

  1. Unless the weather is crappy, I think it’s doable. Do you plan to continue with the reduced gas plan until winter? I’d love to drive less, but I’m not sure how to make it work with a kid. It would take her 2 hours to ride into town, plus all the whining to go with it!

    • Ha, speaking of crappy weather, it’s supposed to rain every day this week! Hopefully I can still ride every day and just time my departures in between storms… This June was a little extreme by trying to go without spending ANY money on gas, but yes, I will continue to ride my bike to work and attempt to spend less money on my car this summer. It will help me train for my triathlon and it will keep my wallet a little more full! 🙂

  2. I agree with Kim….it will come down to the weather. Where I live, last week was a bear. It didn’t rain non-stop, but at any moment, the skies could open up and we would have a downpour. That would have been 5 days of driving right there.

    • True. The rain might hurt my bike riding this week. We’ll just have to see!


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