Saving Money Through Cycling

Cycling has often been voted as one of the most popular inventions. Cycling gives a sense of freedom, improves our health and fitness and also

1. Bikes are Cheap.

You can buy a good town bike for £150 ($300) If you compare this to the cost of buying a car, there is no comparison. If you do a lot of cycling you may want to spend more £300 – £400. However, it is not obligatory; also a good bike can easily last at least 10 years, if carefully looked after.

2. Bikes are cheap to maintain.

Many people have a bike rusting away in the garage because they are not able to repair a flat tyre. However, the cost of bike service is generally fairly low. You won’t get charge $80 an hour like you would in a garage. However, many of the cycle repairs are not that complicated to do yourself. For example, with modern quick release tyres, mending a flat tyre is relatively straightforward.

3. Save money on petrol and Parking charges

50% of car journeys are for distances less than 2 miles. Anything under 2 miles is easily cycleable, even by those who are not particularly fit. With oil prices approaching $100, cycling offers a great potential to save money on petrol. In Oxford, like many other cities car parking is also very expensive – upto £10 a day. Cycling also enables you to park nearer to where you actually want to go.

4. Tax Savings of Cycling.

This article indicates several tax savings that can come through cycling. For example, cycling can count as a business expense. Also governments are also offering incentives for employers to cycle to work. see tax savings from cycling

5. Cheaper than Gym Membership

Why spend £70 a month to cycle on an indoor exercise bike? – You will soon get bored and sweaty. Enjoy the freedom of cycling in the open air; cycling is an excellent way to keep fit and avoid getting overweight. You can also combine getting fit with travelling to where you need to go. For those who don’t have time or cannot afford to go to the gym use cycling as a way to keep fit.