How far do you commute to work?

w00519772

HappyMJ wrote: »

The way I figure it out is (45 minus 5) times 2 times 5 times 46.4 which equals the additional commuting miles you will be doing in one year. 18,560...then multiply that figure by 25 pence (the running cost of the car including additional maintenance and wear and tear) which gives £4,640 then divide that figure by 0.68 which allows for 20% income tax and 12% national insurance which then gives £6,824. That's the figure you need to earn to break even on the mileage. Then I add the hassle factor which is different for many people. Doing a second morning/evening job paying minimum wage at home with zero additional commuting I could very easily earn £7.20 per hour before tax. An extra 80 miles per day might take me an extra 2 hours (assuming this is clear motorway mileage) so multiplying that out by 5 (days) and 46.4 (weeks) then I'd need to earn an extra £3,340 per year added to the £6,824 makes £10,164.

I would not even consider the job if it didn't pay an additional £10,000 more per year than my existing job.

You say you are on £25,000 and it pays 8% more (the £2,000) to make £27,000. I would be losing money if I took that job. No thanks.

I had a counter offer from my current employer. This means the increase in benefits is now:

Salary: 3750
Bonus: 4375
Employer pension contributions: 2400
Health insurance: 325

On that basis the total is: 10850. I realize the bonus is not guaranteed! Therefore it was a good decision to move from a salary perspective.

There are other perspectives that made it attractive eg promotion, industry, future opportunities, technology etc. It was just the commute on the downside.

Would you count the additional pension contributions and potential salary towards the figure required?

Going4TheDream

105 miles round trip daily, thought it would be ok but most days it is at least a 3 hr round trip given the ongoing roadworks on motorway. With that and the wear and tear of my car and general running costs I have decided after 7 months to move to a lower paid role nearer home, I am only slightly worse off financially given the saving on travel etc but I gain a lot of hours back in saved travel time and some sort of life. Looking back if I knew the toll it would take I would never have bothered.

System

I commute 3.5 miles each way, about 10 mins, commuting is a big time and money cost that I deliberately avoided, I'd be worse off on a low level graduate position in London than I am in a low skilled local job with tax credits

bugslet

30 miles each way, takes half an hour in the morning. I live across from a dual carriageway that leads to the motorway and work is half a mile from the motorway. Leave home at 5.45......ish:o. Return takes 45 mins, sometimes an hour. Done it for 25.5 years.