Big Decision on my Hands....
#16
08-22-2008 | 08:43 AM
Originally Posted by Chico
I say quit your job and go for the course. It doesn't make financial sense to stay at your current job. I ran some quick numbers for you to consider.
1. 2 +/- hours commute daily @ $26/hr (based on 40 hours a week of your current pay) x 5 days week = $260
2. Depreciation - 170 kms @ 0.08 per km x 5 days week = $68
3. Gas - 1.5 tanks = $120 per week
4. Stress and quality family time = priceless
Your approximate cost to work where you are now is $448 a week x 50 weeks a year (assuming you take two weeks off) $22,400 after tax.
GL with your decision.
1. 2 +/- hours commute daily @ $26/hr (based on 40 hours a week of your current pay) x 5 days week = $260
2. Depreciation - 170 kms @ 0.08 per km x 5 days week = $68
3. Gas - 1.5 tanks = $120 per week
4. Stress and quality family time = priceless
Your approximate cost to work where you are now is $448 a week x 50 weeks a year (assuming you take two weeks off) $22,400 after tax.
GL with your decision.
Agree with what you're saying here other than the "cost" of the commute. You can't work it out equivalent to salary since it isn't actually an expense and being paid out. That's a large percent of the total cost you showed.
However I do agree the point is that it's worth a lot as personal time.
#17
08-22-2008 | 11:26 AM
Thread
Thread Starter
Forum
Replies
Last Post
infinitiway
New Members Check In
1
08-08-2017 12:38 PM
BigNiniPanini13
Buying, Selling & Leasing Discussion
9
09-15-2015 05:55 AM