18 Oct '11, 3pm

Ten years of car commuting could cost you $125,000:

A lot of home buyers are pushing out into the exurbs because the houses are cheaper there -- but long commutes come with hidden costs that could seriously dent any money you might save on a mortgage. A personal finance blogger with the trust-inspiring nom de plume of Mr. Money Mustache (okay, so he's a mustache, but it's a MONEY mustache!) has calculated that a two-car commute of 19 miles each way would cost a couple $125,000 over 10 years. That makes a $250,000 home into a $375,000 home, but all you get for your extra money is a tension headache. Here are Mr. Money Mustache's figures, in case you don't trustache his conclusions and want to check the mustmath (say it out loud, I promise the joke kind of works). Let’s take a typical day’s drive for this self-destructive couple. Adding 38 miles of round-trip driving at the IRS’s estimate of total driving cost of $0.51 per mi...

Full article: http://www.grist.org/list/2011-10-17-ten-years-of-car-com...

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