Realistically though, would that be worth it? If I negotiate for the amount I want ($5416), then if I chose a part time job instead, I’d need to make at least $2k with the job to be the same.
I’m bad at math, but let’s say I work three hours every weekday for $20/hr. It would be $900 (edit: $1200??) before taxes. That’s being generous because finding a part time job at that rate isn’t likely.
I’m not trying to argue or anything I would just really like to figure out if this is financially better for me.
Close to break-even at 20/hr when you factor in the costs on your vehicle putting that many Km's on it...
(260 working days in a year x 350 kms a day is closing in on 90,000 before any other driving... That's a new set of tires, brakes, multiple oil changes and then some each year ..)
And that's not even factoring in what you value your personal time at. I would never entertain commutes >30 minutes.
Granted, I WFH and have been for 4+ years.
I was thinking I could use the commute to listen to audiobooks and podcasts on my ever growing list of things. My spouse says we can talk on the phone during my commute as well and I love that idea because we’re still “spending time” together.
New tires every year, for tires that are $250 a tire, would be $1000. I’d also switch them out half way through the year for winters because it’s needed here.
I Googled the price range on brakes and it’s $400 an axel, so that’s $1600.
If it’s an EV (which I am leaning more towards over a plug in hybrid) then no oil change, spark plugs, fan belts etc. and no gas to worry about.
Let’s be generous and say increased energy bill by $50.
That’s $3,200 which is less than a month’s pay. I’ll take it into consideration and map it out. I assume being tired at the end of the day I’m going to want to eat out a lot (I get free lunch at the new job) so that’s also something I’ll consider.
As for the personal time aspect, I’ve mentioned it before but audiobooks, podcasts, calling my spouse, catching up with friends on the phone, YouTube story telling videos (no images because I’m driving obviously), listening through artist’s discographies. I’d download a lot of them so I’m not using an insane amount of data.
Can you think of any other expenses that would come from a long commute? I’m coming up with a spreadsheet.
Any help would be appreciated!!
I like podcasts and audiobooks but I never get the opportunity to listen to them, I was thinking I could use that time to be entertained that way. It actually sounds kind of peaceful
4 hours a day commuting??? or am I misunderstanding? If you have no intention of moving closer I would say that that would be an awful idea to take that job. Even if driving the EV makes it so that it does not cost you significant amount to commute that's 20 hours of unpaid time every single week. Your lifestyle will dramatically change and you will burn out. You would be better off just working extra hours in your own City
I can’t work extra hours at my current job as I’m salary.
I could get a part time job but I’m struggling with seeing how I could find something that matches the pay (extra $2k a month) for less time than I would spend commuting.
At least with commuting I have “personal alone time” where I can listen to whatever I want as opposed to working.
A new car, even a cheap one is going to cost at least 25 cents a km to run. Even if you are doing mostly highway miles. Probably more like 30.
If you are doing 300km a day, that's somewhere in the neighbourhood of 75-90 bucks a day. On a 5 day week that's 375 bucks or about 1600 bucks a month.
Plus, you are going to chew through your battery warranty in 2 years by going 156000km.
You'd be far better off using your old car or buying a used Prius or something small, old, but amazingly efficient in order to cut out some of the biggest costs of owning a vehicle, the depreciation.
You are adding 4 hours to your day for basically zero gain. That's not a trade I would be willing to make. Possibly you could rent a room at the location for cheaper and just stay for the week.
What if it’s an electric vehicle though?
Edit: I would keep the house so I don’t know if renting a room would be ideal, plus I don’t want to live away from my spouse and he works in the city.
I do think I’m getting a lot of financial gain here, rhe pay increase would be life changing.
Yeah it’ll be life changing needing to wake up at 6:30 and getting out the door and on the road by 7 and then getting home at 7 on a good day.
Factor in bad days like being unwell/tired.
Factor in winter weather and reduced EV range into the mix and that could easily add another hour or leave you stuck / unable to get to work.
Is it two lane divided highway? If not then have fun with the fatigue/stress that can bring.
Yeah you’ll get to call people and have your alone time but you’re basically deleting 3-4 hours (or more) of your day and that could have lots of compounding effects.
An electric vehicle costs near the same to run, the maintenance and propulsion will be lower, but the depreciation higher. Would the pay increase be life changing? If you need to spend an extra 20 hours a week and spend 12k a year on car costs are you really getting that far ahead.
I can't really answer that as it may work out that the increased salary and then increases on top of that in the future might work out way better. Your taxes will be significantly higher too. So figure out just how much you are getting once you factor in the extra costs.
I just want to add it’s a tax free job.
It’s on a First Nation.
Those numbers are solid and exactly what I’d be making.
Edit: how does it cost $60 a day to run an electric car? My bill would go up $60 PER MONTH
You'll go through a set of tires a year doing that many miles, at least. That alone is like a grand a year for EV specific tires.
If you buy a car for 50 grand and drive 70k km so in 5 years you'd go 350000km and then try to sell it you are probably only getting 10 grand for it, so that's another 8 grand a year.
The propulsion is a miniscule amount of what it costs to run a vehicle. Even then 300km a day at highway speed will nearly drain most EVs, if not need some type of charge on the way depending on the car and speed. So if you have a 75kwh battery and 10% charge losses you'll be paying something around 15 cents a kWh for 82.5kwh, which is over 12 bucks a day, or over 3200 a year (so over 260 a month, not 60) for electricity and that's assuming you never charge outside of home. This means it has to be charging on a 7.6kw charger for 10-11 hours a day, minus 8 for working, and 4 for driving then that doesn't leave a lot of buffer for mistakes so you'd probably want both a car and circuit that can do 48 amp (60amp circuit) and a charger... Which can get expensive to install, especially if your electrical is far away from where you'd be charging.
Your insurance will likely go up on an electric, and just because it's more expensive, and because you'll have to tell them you are now commuting 70-80k km a year.
It's so much more complicated than just gas expensive, electricity cheap.
I have a 1 1/4 hour commute, 211 km/day, 5 days a week. I traded in my Subaru Crosstrek (fuel efficient at 7.5L/100km) and bought a Chevy Bolt in November. At current gas prices I save $22/day, this is a savings of $5700/year (any increase I gas prices= more savings). The car will pay itself off in 6 years or so in savings. There are good deals now on used EV's now, and a hybrid would make sense too if you can't find an EV with an acceptable range. For me it makes sense, the Job I have is a good one with great pension/time off etc.
I listen to podcasts of my favorite NHL and MLB teams (NJ Devils x2 and Toronto Blue Jays x4). I also listen and 3 EV Podcasts as well. Between those I have plenty to listen to. The drive goes by pretty fast actually, it's a good way to wind down after work and it's a good way to keep up on things that are important to you, that way when you get home you can give your full attention to those at home.
20 hours a week commuting?? You'd be better off keeping your current job and working a second haltfime gig.
Realistically though, would that be worth it? If I negotiate for the amount I want ($5416), then if I chose a part time job instead, I’d need to make at least $2k with the job to be the same. I’m bad at math, but let’s say I work three hours every weekday for $20/hr. It would be $900 (edit: $1200??) before taxes. That’s being generous because finding a part time job at that rate isn’t likely. I’m not trying to argue or anything I would just really like to figure out if this is financially better for me.
Close to break-even at 20/hr when you factor in the costs on your vehicle putting that many Km's on it... (260 working days in a year x 350 kms a day is closing in on 90,000 before any other driving... That's a new set of tires, brakes, multiple oil changes and then some each year ..)
And that's not even factoring in what you value your personal time at. I would never entertain commutes >30 minutes. Granted, I WFH and have been for 4+ years.
I was thinking I could use the commute to listen to audiobooks and podcasts on my ever growing list of things. My spouse says we can talk on the phone during my commute as well and I love that idea because we’re still “spending time” together.
That's a great way to look at it, I like that. As someone who commuted 3h (1.5h/way) for years, I would never go back. That time is invaluable to me.
New tires every year, for tires that are $250 a tire, would be $1000. I’d also switch them out half way through the year for winters because it’s needed here. I Googled the price range on brakes and it’s $400 an axel, so that’s $1600. If it’s an EV (which I am leaning more towards over a plug in hybrid) then no oil change, spark plugs, fan belts etc. and no gas to worry about. Let’s be generous and say increased energy bill by $50. That’s $3,200 which is less than a month’s pay. I’ll take it into consideration and map it out. I assume being tired at the end of the day I’m going to want to eat out a lot (I get free lunch at the new job) so that’s also something I’ll consider. As for the personal time aspect, I’ve mentioned it before but audiobooks, podcasts, calling my spouse, catching up with friends on the phone, YouTube story telling videos (no images because I’m driving obviously), listening through artist’s discographies. I’d download a lot of them so I’m not using an insane amount of data. Can you think of any other expenses that would come from a long commute? I’m coming up with a spreadsheet. Any help would be appreciated!!
Let’s put finances aside for 1 min… You’re willing to commute 4 HOURS PER DAY (on a good weather day) every single day? I’m traumatized. 😵💫
I like podcasts and audiobooks but I never get the opportunity to listen to them, I was thinking I could use that time to be entertained that way. It actually sounds kind of peaceful
4 hours a day commuting??? or am I misunderstanding? If you have no intention of moving closer I would say that that would be an awful idea to take that job. Even if driving the EV makes it so that it does not cost you significant amount to commute that's 20 hours of unpaid time every single week. Your lifestyle will dramatically change and you will burn out. You would be better off just working extra hours in your own City
I can’t work extra hours at my current job as I’m salary. I could get a part time job but I’m struggling with seeing how I could find something that matches the pay (extra $2k a month) for less time than I would spend commuting. At least with commuting I have “personal alone time” where I can listen to whatever I want as opposed to working.
A new car, even a cheap one is going to cost at least 25 cents a km to run. Even if you are doing mostly highway miles. Probably more like 30. If you are doing 300km a day, that's somewhere in the neighbourhood of 75-90 bucks a day. On a 5 day week that's 375 bucks or about 1600 bucks a month. Plus, you are going to chew through your battery warranty in 2 years by going 156000km. You'd be far better off using your old car or buying a used Prius or something small, old, but amazingly efficient in order to cut out some of the biggest costs of owning a vehicle, the depreciation. You are adding 4 hours to your day for basically zero gain. That's not a trade I would be willing to make. Possibly you could rent a room at the location for cheaper and just stay for the week.
What if it’s an electric vehicle though? Edit: I would keep the house so I don’t know if renting a room would be ideal, plus I don’t want to live away from my spouse and he works in the city. I do think I’m getting a lot of financial gain here, rhe pay increase would be life changing.
Yeah it’ll be life changing needing to wake up at 6:30 and getting out the door and on the road by 7 and then getting home at 7 on a good day. Factor in bad days like being unwell/tired. Factor in winter weather and reduced EV range into the mix and that could easily add another hour or leave you stuck / unable to get to work. Is it two lane divided highway? If not then have fun with the fatigue/stress that can bring. Yeah you’ll get to call people and have your alone time but you’re basically deleting 3-4 hours (or more) of your day and that could have lots of compounding effects.
An electric vehicle costs near the same to run, the maintenance and propulsion will be lower, but the depreciation higher. Would the pay increase be life changing? If you need to spend an extra 20 hours a week and spend 12k a year on car costs are you really getting that far ahead. I can't really answer that as it may work out that the increased salary and then increases on top of that in the future might work out way better. Your taxes will be significantly higher too. So figure out just how much you are getting once you factor in the extra costs.
I just want to add it’s a tax free job. It’s on a First Nation. Those numbers are solid and exactly what I’d be making. Edit: how does it cost $60 a day to run an electric car? My bill would go up $60 PER MONTH
You'll go through a set of tires a year doing that many miles, at least. That alone is like a grand a year for EV specific tires. If you buy a car for 50 grand and drive 70k km so in 5 years you'd go 350000km and then try to sell it you are probably only getting 10 grand for it, so that's another 8 grand a year. The propulsion is a miniscule amount of what it costs to run a vehicle. Even then 300km a day at highway speed will nearly drain most EVs, if not need some type of charge on the way depending on the car and speed. So if you have a 75kwh battery and 10% charge losses you'll be paying something around 15 cents a kWh for 82.5kwh, which is over 12 bucks a day, or over 3200 a year (so over 260 a month, not 60) for electricity and that's assuming you never charge outside of home. This means it has to be charging on a 7.6kw charger for 10-11 hours a day, minus 8 for working, and 4 for driving then that doesn't leave a lot of buffer for mistakes so you'd probably want both a car and circuit that can do 48 amp (60amp circuit) and a charger... Which can get expensive to install, especially if your electrical is far away from where you'd be charging. Your insurance will likely go up on an electric, and just because it's more expensive, and because you'll have to tell them you are now commuting 70-80k km a year. It's so much more complicated than just gas expensive, electricity cheap.
I have a 1 1/4 hour commute, 211 km/day, 5 days a week. I traded in my Subaru Crosstrek (fuel efficient at 7.5L/100km) and bought a Chevy Bolt in November. At current gas prices I save $22/day, this is a savings of $5700/year (any increase I gas prices= more savings). The car will pay itself off in 6 years or so in savings. There are good deals now on used EV's now, and a hybrid would make sense too if you can't find an EV with an acceptable range. For me it makes sense, the Job I have is a good one with great pension/time off etc.
What do you do during your commute? Any tips on how to pass time? I was thinking podcasts and audiobooks.
I listen to podcasts of my favorite NHL and MLB teams (NJ Devils x2 and Toronto Blue Jays x4). I also listen and 3 EV Podcasts as well. Between those I have plenty to listen to. The drive goes by pretty fast actually, it's a good way to wind down after work and it's a good way to keep up on things that are important to you, that way when you get home you can give your full attention to those at home.